2. refinancing of real property or interests in real property The associate must. 640/4/4 = 40 The overall capitalization rate (OAR) is determined by analyzing which two components of similar properties in the subject property's market area? The loan officer did not give the loan applicant a copy of the HUD information booklet concerning settlement costs at the time of loan application. A real estate licensee purchased a home from the seller. Which statement concerning Department of Veterans Affairs (VA) mortgage loans is FALSE? Which document must be given to prospective purchasers only if purchasing a condo from a developer of 20 or more new residential condominium units? ), $475,000*.8 = $380,000 / 39 years = $9,744, Ch. (page 219). A qualified buyer offers to pay the $2,000 down, but the developer states that the $2,000 down homes are all sold. Seller refuses to sign the release of escrow funds. Section 31 would be located in which corner? 50 / 100. A building is valued at $135,000 with an estimated 25-year useful economic life. Homestead protection does not prevent foreclosure for nonpayment of property taxes, special assessments, mortgages, vendors' liens, or construction liens secured with homestead property. A building is valued at $135,000 with an estimated 25-year useful economic life. The settlement benefits consumers who received one or more prerecorded voice messages regarding Connected Investors' goods and services between April 28, 2017, and Sept. 26, 2022. Which item would be classified as a fixed expense in the calculation of net operating income? Only 2 members must be consumer members who have never been brokers or sales associates. The FTC's Telemarketing Sales Rule helps protect consumers from fraudulent telemarketing calls and gives them certain protections under the National Do Not Call Registry. PDF United States District Court District of Massachusetts D) buyers of all single-family homes. a statement by you that you have a good faith belief that the disputed use is not authorized by the copyright owner, its agent, or the law; a statement by you, made under penalty of perjury, that the information provided in your notification is accurate and that you are the copyright owner or authorized to act on the copyright owner's behalf. Ann. Which statement is TRUE regarding the federal telemarketing law? C. The applicant must apply for a broker license under mutual recognition. Savings associations can sell existing mortgage loans to which entity? 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. (page 176). EXCULPATORY CLAUSE is a provision in a mortgage or note in which the lender waives the right to a deficiency judgement against the borrower and the borrower is relived of personal liability to repay the loan. An agreement in which only one party promises to perform without receiving a reciprocal promise to perform from the other party is called a Unilateral contract The period of time during which the terms of a contract may be enforced according to the statute of limitations are Five years for written contracts and four years for parol contacts. A developer advertises homes for sale with a total down payment of $2,000. The SE1/4 of the SW1/4 of the N1/2 and the NE1/4 of the SW1/4 of Section 19 contains how many acres? The Florida Building Energy-Efficiency Rating Act does NOT require. Comp The most high-profile celebrity lawsuits of all time They have created which type of estate or tenancy? Which individual is exempt from licensure under Florida Statute 475? Federally-related transaction includes: Which statement is FALSE regarding earning continuing education (CE) credit by attending a legal agenda session of the monthly Florida Real Estate Commission (FREC) meeting? A broker is NOT required by law to notify the FREC of conflicting demands in which situation? Which statement is TRUE regarding the key rings? Lina M. Khan was sworn in as Chair of the Federal Trade Commission on June 15, 2021. The Telephone Consumer Protection Act (TCPA) was passed in 1991 in response to consumer complaints of increased marketing calls and automated, pre-recorded messages. salvarani.com Informacin detallada del sitio web y la empresa InVirtek Vision International ULC v.Assembly Guidance Systems, Inc. d/b/a Aligned Vision, No. 227. The tenant has what type of lease? Property taxes are paid in arrears - so seller has paid no taxes that month. The street in front of your house is to be paved at a cost of $45 per foot. Since seller hasn't received the money, it's not shown on the seller's statement. The broker must retain the disclosure documents for five years even if a nonresidential transaction that used designated sales associates fails to close. National Do Not Call Registry - Wikipedia Widow: $500 Looking for legal documents or records? A real estate broker has been hired to manage an apartment complex on behalf of the landlord. Use the actual number of days in the closing month when determining the time line. Compared with the subject property, the comparable is built of superior materials ($20,000) and the comparable has more square footage ($25,000). False - All VA mortgage loans contain a due on sale clause. 8 a.m. Solved I need help with any or all of these questions. Thank | Chegg.com End of Pre-License Course Exam Questions - RealEstateExamAnswers.com 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 Reply 'Help' for help. Which list of appraisal methods is unique to the appraisal of business enterprises? After the closing, the licensee discovered that the seller's broker had failed to disclose latent defects. Included advantages: deliver the deposit check to the employer by the end of business on Thursday. Telemarketing | Federal Communications Commission AND, IT WILL PROTECT THE NEW OWNER (IF TRANSFERRED) UP TO THE UNPAID BALANCE OF THE MORTGAGE LOAN. The street in front of your house is to be paved at a cost of $45 per foot. All national chartered commercial banks are members of which entity? FCC Actions on Robocalls, Telemarketing | Federal Communications Commission Is this transaction covered under Truth in Lending Act? Which requirement is one of the elements of a valid real estate contract? 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. The total square footage of the livable area is 2,600. 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)? According to the contract for sale and purchase, the buyer is due the rental income for the day of closing. Which document must a prospective buyer of an existing (resale) condominium unit receive? Vacancy and collection losses. Total = 14,500 + 3,000 = $17,500. And some rules can even vary within a state. A comparable property recently sold for $315,000. Listing Agreements for a term longer than 1 year. 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. Which statement is TRUE regarding comparative market analyses (CMAs)? (page 169), The answer is ACCRETION. 501.601 through 501.626 and Florida's do-not-call law at Fla. Stat. On the first of the month, the seller collected total rent for September amounting to $950. 2,600 x 92 = 239,200 Ohio Consumer Protection Laws The Ohio Attorney General has enforcement authority over more than 25 consumer protection laws, which are listed below with a brief overview of key protections that consumers have under the laws. $52,000 x .07375 = 3,835 / 12 = 319.58 The following is a robust set of proactive and reactive rules to fraud-proof and protect your good name. (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. Securities registered pursuant to Section 12(g) of the Act: None. CBS vs. CIA The .gov means its official. Need for expert help; 4. CREDIT TO THE BUYER ONLY - the buyer pays the binder deposit when the contract info is entered into - entered as a credit to the buyer since this portion of the purchase price has already been paid and will not be paid again. Criminals use this method as a way to obtain a victim's credit card information, identity, or bank account numbers. It's one mile square of 640 acres, Range 1 West is located immediately west of the principal meridian and base line. b. 2003-2023 Chegg Inc. All rights reserved. In practice, the state list is integrated with the national do-not-call list maintained by the Federal Trade Commission (FTC). united states district court middle district of florida orlando division filed 1-: }lf 111 ai-l in: 56 { tv case no lcoc{-c!- l l-t f securities and exchange Calculate the proration and indicate who is debited and who is credited. 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)?

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