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. 6. How much is the minimum cash investment on an FHA loan? Place the funds in an interest-bearing account in a Florida bank and pay the tenant 5 percent interest (separate interest-bearing FL bank account and pay the tenant at least 75% of any annualized average interest rate or 5% per year simple interest - page 153). 52,000 - 95.36 = 51,904.64 Restrictions on telemarketing to Florida residents are about to get tighter. Arizona Telemarketing Fraud Laws - FindLaw The associate must, An owner of an apartment complex pays $100 to each tenant who refers a person who becomes a tenant. Calculate the proration and indicate who is debited and who is credited. Calculate the reproduction cost new of the structure. Advertising and Marketing | Federal Trade Commission Yes, because this is an example of bait-and-switch advertising, and it is illegal. Which statement is FALSE concerning federally related transactions? 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. Effective Age / Total Economic Life x Reproduction Cost New Subtract A brokerage firm represents a seller as a single agent. B) tenants and buyers of all residential property. False - All VA mortgage loans contain a due on sale clause. Federal Register :: Telemarketing Sales Rule The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. Which document must be given to prospective purchasers only if purchasing a condo from a developer of 20 or more new residential condominium units? The applicant has not fulfilled the experience requirement. These opinions are issued, pursuant to Rules 1.1 - 1.4 of the Commission's Rules of Practice, 16 C.F.R. It does not require the seller, at the seller's expense to conduct and energy efficiency rating of the structure prior to closing. Deductions of hazard insurance expense on a principal residence. 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. Find the resources you need to understand how consumer protection law impacts your business. All national chartered commercial banks are members of which entity? According to the contract for sale and purchase, the buyer is due the rental income for the day of closing. In addition, truth-in-advertising standards apply if . (page 166), 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. (page 372), Municipal Airport - immune properties are city, county, state and federal gov't properties, Special Assessments are one-time taxes levied on properties to help pay for some public improvement that benefits property - typically levied on a front foot basis or per hookup basis for utility and sewer improvements. Mortgage origination fees (points) Deed is considered voluntary because it's under the owner's control. Which list of appraisal methods is unique to the appraisal of business enterprises? The broker must retain the disclosure documents for five years even if a nonresidential transaction that used designated sales associates fails to close. Which lien is classified as a voluntary lien? 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. Total = 14,500 + 3,000 = $17,500. A sales associate receives a deposit from a buyer on Wednesday morning. A court may award up to three times that amount for a willful or knowing violation. What is the annual IRS depreciation deduction? The law is enforced by the Office of the Attorney General. Stephanie T. Nguyen, Chief Technology Officer, Competition and Consumer Protection Guidance Documents, HSR threshold adjustments and reportability for 2023, A Century of Technological Evolution at the Federal Trade Commission, National Consumer Protection Week 2023 Begins Sunday, March 5, FTC at the 65th Annual Heard Museum Guild Indian Fair & Market - NCPW 2023, Franchises, Business Opportunities, and Investments, https://www.federalregister.gov/regulations/3084-AA98/telemarketing-sales-rule, 16 CFR Part 310: Telemarketing Sales Rule Fees; Final Rule Updating Fees Charged to Entities Accessing the National Do Not Call Registry, 16 CFR Part 310: Telemarketing Sales Rule Fees; Final Rule Updating Fees Charged to Entities Accessing the National Do Not Call Registry, 16 CFR Part 310: Telemarketing Sales Rule Fee; Final Rule That Updates Fees Charged To Entities Accessing the National Do Not Call Registry, Agency Information Collection Activities; Submission for OMB Review; Comment Request; Notice (Telemarketing Sales Rule), Telemarketing Sales Rule Information Collection Activities; Proposed Collection; Comment Request, 16 CFR Part 310: Telemarketing Sales Rule: Final Rule Amendments: Federal Register Notice Containing the Final Telemarketing Sales Rule Amendments and the Statement of Basis and Purpose, 16 CFR Part 310: Telemarketing Sales Rule Fees; Notice Advising That There Will BE No Fee Increase for Accessing the National Do Not Call Registry for Fiscal Year 2016, 16 CFR Part 310: Telemarketing Sales Rule; Extension of Comment Period for Rule Review to November 13, 2014, 16 CFR Part 310: Telemarketing Sales Rule Fees; Final Rule Amending TSR Fees Charged to Entities Accessing the National Do-Not-Call Registry, as Required by the Do-Not-Call Registry Fee Extension Act of 2007, 16 CFR Part 310: Telemarketing Sales Rule Federal Register Notice: Rule Review Request for Public Comments as Part of the FTCs Systematic Regulatory Review, Modified Ten-Year Regulatory Review Schedule; Notice of Intent to Request Public Comments, 16 CFR Part 310: Telemarketing Sales Rule; Notification of Termination of Caller ID Rulemaking Federal Register Notice, 16 C.F.R. Which amendment to the Florida constitution limits how much the assessed value of homesteaded property can increase in a given year? In 1992, the Commission adopted rules to implement the TCPA. Business Combination Agreement and Plan Of Reorganization, dated February 24, 2023 from Oxbridge Acquisition Corp. filed with the Securities and Exchange Commission. (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. ahhhhhhh I wannnnnnaaaaaa slllleeeeeeeppppp - Chegg The garage is 485 square feet. Lynn is preparing a classified ad for a listed property. 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. Is this transaction covered under Truth in Lending Act? A person applies for a mortgage loan from a local credit union. Liquidation analysis, reproduction cost analysis, and income capitalization analysis (and comparable sales analysis). Telemarketing | Federal Communications Commission A licensee who is issued a citation may be ordered to, If a licensee/respondent disputes any of the allegations outlined in the administrative complaint, the case must be heard in, 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. At resale, buyer entitled to copy of declaration of condominium, articles of incorporation, bylaws, rules of assoc, FAQ, copy of most recent year end financial statement and GOVERNANCE FORM. Working Advantage - Employee Discounts applicable regarding financial, home, travel, health, and insurance products and services. The tenant has a tenancy, Tenancy at Will - if the tenant's holding over is continued with the written consent of the lessor, the tenancy becomes a tenancy at will under FL law. The broker must retain the disclosure documents for five years even if a nonresidential transaction that used designated sales associates fails to close. (2) Training of personnel engaged in telemarketing. Which statement is TRUE regarding the federal telemarketing law? Reproduction cost: The Telephone Consumer Protection Act of 1991 (TCPA) was passed by the United States Congress in 1991 and signed into law by President George H. W. Bush as Public Law 102-243. A buyer has applied for a 20-year mortgage of $52,000 at 7 3/8 percent interest. (EDGAR Online via COMTEX) -- false 0001564406 0001564406 2023-02-08 2023-02-08 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM. Which type of depreciation is associated with inefficient architectural design? Real estate licensees may not represent a CMA as an appraisal. Good Faith Estimate (GFE) which statement is true regarding the federal telemarketing law? B) the creation of a uniform, statewide energy-efficiency rating system. Telephone Consumer Protection Act of 1991 - Wikipedia The "21 Rules You Must Use" are the most important things you need to do now and on an ongoing basis to prevent identity theft. The TCPA restricts the making of telemarketing calls and the use of automatic telephone dialing systems and artificial or prerecorded voice messages. The associate must. Vacancy and collection losses. Compared with the subject property, the comparable is built of superior materials ($20,000) and the comparable has more square footage ($25,000). Ann. Which request should be made by the broker's attorney so that the broker can continue to work during the appeal process? tenants and buyers of all residential property built before 1978. The calculated interest rate of an adjustable-rate mortgage is determined by adding which two components? Licensees must notify the DBPR in writing within 10 days of a change in current mailing address. Total $26,000, Tax advantages of owning a home do NOT include, Deductions of hazard insurance expense on a principal residence. The seller cannot now accept the original offer, because it was killed by the counteroffer. The seller cannot now accept the original offer, because it was killed by the counteroffer. Use the actual number of days in the closing month when determining the time line. A township has 36 parcels called "sections." 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. A lead-based paint disclosure must be given to A) tenants and buyers of all rental property if a family member is younger than three. The broker must notify the Florida Real Estate Commission in writing within 15 business days of the buyer's and seller's conflicting demands for the earnest money. Recording it in the public records shows that the mortgage lien has been removed. Which document must be given to prospective purchasers only if purchasing a condo from a developer of 20 or more new residential condominium units? 2. Mortgage interest 640/4/4 = 40 SB 1120, which went into effect July 1, 2021, imposes significant additional restrictions (and additional penalties for violations) on businesses making calls to Florida residents or Florida area. which statement is true regarding the federal telemarketing law? A) A section is a square one mile on each side B) A section contains 640 acres C) A section contains 43,560 square feet D) A section has an area of one square mile, The FALSE statement is the a SECTION contains 43,560 sf. How Laws Are Made | USAGov B) Interest payments remain constant while principal payments increase. The seller refuses to sign a release of the buyer's earnest money deposit and demands receipt of the deposit for himself. The Georgia licensee. An official website of the United States government. Tax advantages of owning a home do NOT include A) deduction of hazard insurance expense on a principal residence. Which statement is TRUE regarding this practice? (page 398), Save our Home (SOH) regulates that the assessed value of a property can only increase 3% annually or the % change of the CPI for the preceding year; whichever is LESS (page 395). Claim against the RE Recovery Fund is for a result of license law violations by a licensee ($50k per transaction and mo more than $150K against on licensee involved in mult transactions) the others are remedies for a breach in contract. Within how many days must a landlord notify a tenant of intentions to claim part of the security deposit? Complaint resolution for homeowner associations is provided by which division of Florida government? Part 310: Telemarketing Sales Rule: Advanced Notice of Proposed Rulemaking; Request for Public Comments Concerning Caller Identification Services and Disclosure of the Identity of the Seller or Telemarketer Responsible for Telemarketing Calls, Telemarketing Sales Rule; Final Rule; Correction, Telemarketing Sales Rule; Final Rule Amendments, Telemarketing Sales Rule; Extension of Comment Period in Notice of Proposed Rulemaking - 16 CFR Part 310, Telemarketing Sales Rule - 16 CFR Part 310, Telemarketing Sales Rule Fees - 16 CFR Part 310, Telemarketing Sales Rules; Notice of 15 day Extension in Comment Period - 16 CFR Part 310, Notice of 30-Day Extension in Comment Period in the Review of the Telemarketing Sales Rule - 16 CFR Part 310, Telemarketing Sale Rule - 16 CFR Part 310, Notice of Intent to Request Public Comments on Guides for the Household Furniture Industry and the Telemarketing Sales Rule - 16 CFR Parts 250 and 310, Do-Not-Call Provisions of Telemarketing Sales Rule; Meeting - 16 CFR Part 310, Telemarketing Sales Rule "Divestiture Orders in Merger Cases" Agency Information Collection Activities; Proposed Collection; Comment Request; Extension - 16 CFR 310, Telemarketer Fees to Access the FTCs National Do Not Call Registry to Increase in FY 2019, Telemarketer Fees to Access the FTCs Do Not Call Registry to Rise Slightly in FY 2018, FTC Update: Telemarketer Fees for the Do Not Call Registry to Rise Slightly in FY 2017, FTC Amends Telemarketing Rule to Ban Payment Methods Used by Scammers, La FTC enmienda la Regla de Telemercadeo para prohibir mtodos de pago utilizados por los estafadores, Public Forum on Debt Relief Amendments to the Telemarketing Sales Rule, Public Forum on the Telemarketing Sales Rule: "Do-Not-Call", Workshop On Proposed Telemarketing Sales Rule. Connected Investors robocalls $2M class action settlement Florida's telemarketing law became invalid when federal telemarketing laws were implemented. Which statement is TRUE regarding this property? The Telemarketing Sales Rule, which requires telemarketers to make specific disclosures of material information; prohibits misrepresentations; sets limits on the times telemarketers may call consumers; prohibits calls to a consumer who has asked not to be called again; and sets payment restrictions for the sale of certain goods and services. Real estate licensees may not represent a CMA as an appraisal. For more information about the TCPA, contact the FCC at fcc.gov. Lina M. Khan was sworn in as Chair of the Federal Trade Commission on June 15, 2021. Section 31 would be located in which corner? "Work surface" Relying on an embodiment disclosed in the specification, the defendant contended that the scope of "work surface . 1. C) The seller has breached the buyer's contract, and the buyer can sue to force the seller to take a lower price. The answer is ACCRETION. A local lender charged 4 percent interest plus 4 points on a conventional mortgage loan. (no more than $50 to an unlicensed person who is a tenant of the apartment complex for the referral fee - page 95). (PAGE 190), Which statement concerning sections is FALSE? Mass, direct, telemarketing, e-marketing, social media, billboards Personal selling: sales representatives directed to a customer in attempt to make a sale Can be modified, individualised, after-sales customer service Relationship marketing: development of long-term and cost-effective relationships with customers What is the final step in the real estate sale process? The city has agreed to pay 25 percent of the paving cost and will assess abutting properties for the remainder. The broker must notify the Florida Real Estate Commission in writing within 15 business days of the buyer's and seller's conflicting demands for the earnest money. Index plus Margin equals Calculated Interest Payment on an ARM. (Round answer to nearest dollar. AN ACT RELATIVE TO RESTRUCTURING THE ELECTRIC UTILITY INDUSTRY IN THE COMMONWEALTH, REGULATING THE PROVISION OF ELECTRICITY AND OTHER SERVICES, AND PROMOTING ENHANCED CONSUMER PROTECTIONS. A parcel of real estate has been left to the wife through her husband's will for the widow's use and enjoyment during her lifetime, with the provision the property goes to the widow's stepson at her death. InVirtek Vision International ULC v.Assembly Guidance Systems, Inc. d/b/a Aligned Vision, No. Which type of listing allows the seller to list the property with other brokers? Limited partners must register with the FREC under the limited partnership name. Compared with the subject property, the comparable is built of superior materials ($20,000) and the comparable has more square footage ($25,000). Which request should be made by the broker's attorney so that the broker can continue to work during the appeal process? Since seller hasn't received the money, it's not shown on the seller's statement. Is the broker required to retain the brokerage relationship disclosure documents, and if so, for how long? 30 Days - if landlord is making a claim on the deposit, the landlord has 30 days to notify the tenant of the claim. B) Real estate licensees may advertise their residential listings by faxing promotional flyers to a list of local businesses and hospitals that are on the do-not-call list. The Florida Building Energy-Efficiency Rating Act does NOT require A) the seller, at the seller's expense, to conduct an energy-efficiency rating of the structure prior to closing. (page 176). The assessed value of an 88-year-old legally blind widow's condominium is $49,500. A) Claim against the Real Estate Recovery Fund B) Suit for compensatory damages C) Suit for specific performance D) Provision for liquidated damages, Claim against the RE Recovery Fund is for a result of license law violations by a licensee ($50k per transaction and mo more than $150K against on licensee involved in mult transactions, PAGE 129). A broker working in a no brokerage relationship capacity with a seller can enter into a listing agreement with that seller and be paid a commission. The seller countered at $250,000. Index plus Margin equals Calculated Interest Payment on an ARM, Ginnie Mae (GNMA) serves as a guarantor of mortgage-backed securities. NOI and Sale Price. Which statement is TRUE regarding the federal telemarketing law? Listed here are some FTC laws about specific marketing practices and the promotion of products and services in specific industries. Within ten business days after the deposit is due under the sale contract, the broker . Transaction Broker - in a transaction broker relationship the buyer or seller is not responsible for the acts of a licensee (page 58). A buyer offered $225,000 for a seller's property. Within how many days must a landlord notify a tenant of intentions to claim part of the security deposit? deliver the deposit check to the employer by the end of business on Thursday. Which statement is TRUE regarding comparative market analyses (CMAs)? A buyer and seller enter into a contract for sale and purchase of a home. Brad Dye's Paging Information Resource The earnest money deposit normally appears on the closing statement as a. On February 17, the Justice Department, together with the Federal Trade Commission (FTC), announced a civil enforcement action against several corporate and individual defendants for alleged violations of the FTC Act and the Telemarketing Sales Rule (TSR) in connection with telemarketing campaigns that have involved millions of illegal robocalls. Which characteristic is a disadvantage of investing in real estate? A complaint legally sufficient if it contains facts indicating that a violation of any of the following has occurred. Informacin detallada del sitio web y la empresa: hotelroyalvasto.com, +39873801950 Hotel Royal Vasto Marina - Hotel 3 stelle sul mare a Vasto Marina in Abruzzo

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