which statement is true regarding the federal telemarketing law?
Seller refuses to sign the release of escrow funds. Reply 'Help' for help. Citations involve fines that currently range from $100 to $500 per offense and may include other assessments (ex: REQUIRE EDUCATIONAL COURSE ATTENDANCE), If the licensee-respondent disputes the alleged facts noted in the complaint, the licensee-respondent's case must be heard by an administrative judge in a FORMAL HEARING (PAGE 118). Vendor's Lien - equitable lien of the grantor (seller under a PMM) on the land conveyed in the amount of the unpaid purchase price, The right of the state to take property of a person who died intestate and without heirs is known as. To obtain a stay of the final order, the district court of appeals must issue a writ of supersedes to stop the enforcement pending the outcome of the appeal process A licensee who is issued a citation may be ordered to, Citations involve fines that currently range from $100 to $500 per offense and may include other assessments (ex: REQUIRE EDUCATIONAL COURSE ATTENDANCE), If a licensee/respondent disputes any of the allegations outlined in the administrative complaint, the case must be heard in, If the licensee-respondent disputes the alleged facts noted in the complaint, the licensee-respondent's case must be heard by an administrative judge in a FORMAL HEARING, When a consumer files a complaint against a real estate licensee that contains facts indicating that a violation of rules of the Florida Real Estate Commission has occurred, the complaint is said to be. Base: 14,500 The associate continues to be employed by the same broker, who has an office in Atlanta. Residential leases are usually gross leases. Good Faith Estimate (GFE) Which statement is TRUE regarding this practice? Within how many days must a landlord notify a tenant of intentions to claim part of the security deposit? A gross lease is a lease in which the tenant agrees to pay a fixed rental amount, and the landlord pays all expenses related to the property such as real estate taxes, insurance, and maintenance costs. 14 Real estate related computations and c, 63 hour Real Estate practice Exam (first 50), Course Exam Review for Tampa School of Real E, Marketing Essentials: The Deca Connection, Carl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese, Alexander Holmes, Barbara Illowsky, Susan Dean, Calculus for Business, Economics, Life Sciences and Social Sciences, Karl E. Byleen, Michael R. Ziegler, Michae Ziegler, Raymond A. Barnett, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield. c. There are no federal laws that regulate This problem has been solved! C) All VA mortgage loans contain a due on sale clause. An official website of the United States government. Under the statute of frauds, which element is required for contracts pertaining to the purchase and sale of real property (except for certain specific exceptions)? A lease calls for annual minimum rent of $14,500 plus 3 percent of annual gross sales in excess of $350,000. Market is local in nature; 3. The referring tenants do not hold real estate licensees. . The tenant has what type of lease? allows a sales associate or broker associate employed by an owner-developer to sell property for all the affiliated entities owned by the developer. What is the state's intangible tax on a new mortgage of $10,000? A couple are interested in purchasing residential investment property, and they have informed their sales associate that they want limited representation but do not want to be legally held responsible for the acts of a licensee. The building has an effective age of five years. It amended the Communications Act of 1934.The TCPA is codified as 47 U.S.C. Which statement MOST accurately describes the first year of a 30-year level-payment, fixed rate mortgage? Which statement is TRUE regarding this situation? Risk. The total square footage of the livable area is 2,600. Which type of window is the least energy efficient? A commercial tenant pays a fixed rent each month. 34,840 / .12 = $290,250 max purchase price. required by Florida law to verify that license applicants are current on child support payments. 290 x 250 = 72,500 - 47,800 = 24,700 The covenant of warranty forever is included in which type of statutory deed? Which statement concerning Department of Veterans Affairs (VA) mortgage loans is FALSE? This arrangement is. Which statement is TRUE regarding the federal telemarketing law? TILA/Reg Z makes "Bait and Switch" advertising a federal offense. Lynn Amherst is a sales associate for Excel Realty. The broker must retain the disclosure documents for five years even if a nonresidential transaction that used designated sales associates fails to close. 5 /25 x 135,000 = 27,000 accrued depreciation. The procedures instituted must meet the following minimum standards: (1) Written policy. How must the broker as agent handle the security deposits and advance rent? Call Lynn Amherst, Excel Realty 333-2020 (cell). And some rules can even vary within a state. Under the statute of frauds, which element is required for contracts pertaining to the purchase and sale of real property (except for certain specific exceptions)? You are appraising a four-year-old, single-family residence. Restrictions on telemarketing to Florida residents are about to get tighter. Wattage is the measurement of the amount of energy consumed. What was the approximate yield on the loan? The street in front of your house is to be paved at a cost of $45 per foot. XML overcomes the limitations of hypertext markup language (HTML) and represents an important opportunity to solve the problem of protecting information distributed on the Web, with the definition of access restrictions directly on the structure and content of the document. Which statement is TRUE regarding the key rings? A. If you prefer to file your comment on paper, mail your comment to the following address: Federal Trade Commission, Office of the Secretary, 600 Pennsylvania Avenue NW, Suite CC-5610 (Annex B), Washington, DC 20580. Which statement is FALSE concerning federally related transactions? A buyer offered $225,000 for a seller's property. Telemarketing also includes sales solicitations via fax, the Internet and mail, if the consumer is encouraged to respond via the telephone, fax . What is the state's intangible tax on a new mortgage of $10,000? Calculate the reproduction cost new of the structure. Developers of 20 or more new residential units must also prepare a PROSPECTUS and file it which summarizes the major points detailed in the condo docs. What is the adjusted sale price of the comparable? Which list of appraisal methods is unique to the appraisal of business enterprises? 1. transactions for the sale, lease or purchase of RE astros vs yankees cheating. (page 169), The answer is ACCRETION. A developer purchased two 145-front foot lots for $23,900 net each and divided them into three lots of equal front footage. Which statement is TRUE? The developer sold the lots for $250 per front foot. SUBCHAPTER IICOMMON CARRIERS Part ICommon Carrier Regulation 201. The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. Deed is the written instrument to convey an interest in real property. C) notification that the energy-efficiency rating of the structure may qualify the buyer for an energy-efficient mortgage. Tenancy in Common (no right of survivor ship, heirs inherit), Remainderman - 3rd party fee simple ownership at end of life estate by wife. A real estate licensee purchased a home from the seller. Lynn's home phone number is 333-2020. Transaction Broker - in a transaction broker relationship the buyer or seller is not responsible for the acts of a licensee. She requests a Florida sales associate license based on mutual recognition. Study with Quizlet and memorize flashcards containing terms like Which type of business entity is at risk of no longer continuing if the owner becomes incapacitated?, Certain age-55-and-older communities are exempt from the familial status provisions of the Fair Housing Act if the communities offer amenities, specific programs, and activities designed for the mature adult and, Capri Realty is . 20-cv-10857, Judge Burroughs construed two disputed terms in a patent relating to a method of aligning a laser projector for projecting a laser image onto a work surface.. 1. A Poisson distribution might be a good approximation for which of the following? The developer sold the lots for $250 per front foot. press system to optout of receiving their prerecorded telemarketing messages;(2) to add the consumers' telephone numbers to the seller's do-not-call list; (3) to immediately disconnect the call; and (4) when leaving a message regarding a telemarketing call, the small business must Calculate the proration and indicate who is debited and who is credited. Featuring infinite contrast ratio and VESA Display HDR True Back 400 for remarkably vivid colors and visuals bursting to life. 156) A duplex is scheduled to close on September 10. D) The seller cannot now accept the original offer, because it was killed by the counteroffer. Federally-related transaction includes: Annual Gross: 450,000 - 350,000 = 100,000 x .03 = $3,000 C) The loan officer can be fined by the Department of Housing and Urban Development (HUD). Licensees must notify the DBPR in writing within 10 days of a change in current mailing address. (1) by the person or entity providing a wire or electronic communications service; (2) by a user of that service with respect to a communication of or intended for that user; or (3) in section 2703, 2704 or 2518 of this title. (page 247). The seller is still owed the entire amount of the purchase price. A developer purchased two 145-front foot lots for $23,900 net each and divided them into three lots of equal front footage. Which request should be made by the broker's attorney so that the broker can continue to work during the appeal process? Learn more about your rights as a consumer and how to spot and avoid scams. "Work surface" Relying on an embodiment disclosed in the specification, the defendant contended that the scope of "work surface . 52,000 - 95.36 = 51,904.64 Which individual is exempt from licensure under Florida Statute 475? Real estate licensees may contact their former customers for up to 18 months following the closing of a transaction, even if the customer's name is on the national registry. A) Real estate licensees may call all the for-sale-by-owner sellers in a community to solicit listings without regard to whether the homeowners are listed on the do-not-call registry. Implement the comprehensive plan -local gov't exercise police power by regulating and controlling the use of land and structures within designated land-use district or zoned. (no more than $50 to an unlicensed person who is a tenant of the apartment complex for the referral fee - page 95). A township has 36 parcels called "sections." Real estate licensees may not represent a CMA as an appraisal. All natural persons in the United States who, within four years preceding the filing of this case, received more than one telephone solicitation call from PGI within a 12-month period. Division of Florida Condominiums, Timeshares, and Mobile Homes is charged with providing complaint resolution for HOAs. 3. use of real property or interests as a security for a loan or investment including mortgage-backed securities. 501.601 through 501.626 and Florida's do-not-call law at Fla. Stat. The licensee sued the seller's broker and was awarded a judgment. A building is valued at $135,000 with an estimated 25-year useful economic life. False - All VA mortgage loans contain a due on sale clause. Comp Section 31 would be located in which corner? The seller countered at $250,000. Which excerpt conforms to the rule regarding advertising? A broker is NOT required by law to notify the FREC of conflicting demands in which situation? The assessed value of an 88-year-old legally blind widow's condominium is $49,500. Stay of Enforcement, if granted, stops the enforcement of a suspension or revocation in the final order pending the outcome of the appeal process. A closing is set for July 15. C) deduction of interest paid on the mortgage. A satisfaction of mortgage is given by the lender to the borrower when the loan is paid off, must be sent to mortgagor within 60 days. The Georgia licensee. How much of the $414.94 monthly payment paid in month two will apply to principal? The statement is TRUE. Which document must a prospective buyer of an existing (resale) condominium unit receive? A township has 36 parcels called "sections." THIS AGREEMENT AND PLAN OF MERGER AND REORGANIZATION (this "Agreement") is made and entered into as of February 19, 2014(the "Agreement Date"), by and among Facebook, Inc. The garage is 485 square feet. 145 x 2 = 290 Which statement is TRUE regarding comparative market analyses (CMAs)? Which lien is classified as a voluntary lien? Memo from Chair Lina M. Khan to commission staff and commissioners regarding the vision and priorities for the FTC. C) tenants and buyers of all residential property built before 1978. B) exclusion of gain from the sale of a principal residence up to $500,000 if married and filing a joint return. Complaint resolution for homeowner associations is provided by which division of Florida government? Yes, because this is an example of bait-and-switch advertising, and it is illegal. b. A sales associate moves from Jacksonville, Florida, to Atlanta, Georgia. The day after signing the sale contract and reviewing the condominium documents, the buyers notify the broker that they want to cancel the contract.
