Telemarketing - Consumer Protection Topic - Alaska A comparable property recently sold for $315,000. A licensee may not earn credit for attending a FREC meeting if the licensee is on the legal agenda for disciplinary action. All national chartered commercial banks are members of which entity? Vacancy and collection losses. The calculated interest rate of an adjustable-rate mortgage is determined by adding which two components? The tenant has what type of lease? which statement is true regarding the federal telemarketing law? 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. The FTC does not prohibit bait-and-switch advertising. 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? Choose the correct concept with the example below: When Fern saw the man sitting on the steps in San Francisco holding a cup, she thought he was a homeless person. 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 The tenant has what type of lease? Management; 5. A written contract for sale and purchase of commercial property that used designated sales associates failed to close. Securities registered pursuant to Section 12(g) of the Act: None. Which brokerage relationship is BEST suited to this couple? C) Principal comprises the majority of the payments. False - All VA mortgage loans contain a due on sale clause. The seller cannot now accept the original offer, because it was killed by the counteroffer. (no more than $50 to an unlicensed person who is a tenant of the apartment complex for the referral fee. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securitie Real estate licensees may contact their former customers for up to 18 months. The overall capitalization rate (OAR) is determined by analyzing which two components of similar properties in the subject property's market area? (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. This arrangement is. A person applies for a mortgage loan from a local credit union. 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. It's one mile square of 640 acres. The brothers want their interest in the property to go to their spouses in the event of their deaths. Which statement is TRUE regarding comparative market analyses (CMAs)? The FALSE statement is the a SECTION contains 43,560 sf. Within how many days must a landlord notify a tenant of intentions to claim part of the security deposit? If your lot frontage on the street is 90 feet, what is your portion of the special assessment? Mortgage interest An EARNEST MONEY DEPOSIT is desirable to protect the seller, but it's not required to make a contract valid. Which excerpt conforms to the rule regarding advertising? Which statement is FALSE concerning federally related transactions? On July 1, 2021, Florida enacted a comprehensive new telemarketing law that arguably goes beyond the federal Telephone Consumer Protection Act ("TCPA"). Interest on Home Equity 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. 5 /25 x 135,000 = 27,000 accrued depreciation. (PDF) Ethical and Social Issues in the Informa | Nelson brian Standard Message & data rates may apply. 145 x 2 = 290 It does require that buyer, before signing a sale contract, receive an information brochure notifying the purchaser of the option for an EE rating on the building. Display Type: Quantum Dot OLED Diagonal Size: 34.18" Curved Screen: Yes (1800R) Adaptive-Sync Technology: NVIDIA G-SYNC ULTIMATE Built-in Devices: USB 3.2 Gen 1 hub Aspect Ratio: 21:9 Native Resolution: 3440 x 1440 . On the first of the month, the seller collected total rent for September amounting to $950. Maccas case study - Good - OPERATIONS role of operations management which statement is true regarding the federal telemarketing lawrenal cancer symptoms Menu nfl flex schedule changes. Which request should be made by the broker's attorney so that the broker can continue to work during the appeal process? Which statement is TRUE regarding the federal telemarketing law? Deed is the written instrument to convey an interest in real property. Less than $50,000 = $25,000 The Florida Real Estate Commission (FREC) issued a seven-year suspension of a broker's license. 4. (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. Which property is immune from property taxes? (PAGE 190), Which statement concerning sections is FALSE? Which type of depreciation is associated with inefficient architectural design? (page 247). D) The VA can make direct loans to veterans. All national chartered commercial banks are members of which entity? How much is the minimum cash investment on an FHA loan? The assessed value of an 88-year-old legally blind widow's condominium is $49,500. 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. Use the actual number of days in the closing month when determining the time line. Which individual is exempt from licensure under Florida Statute 475? Compared with the subject property, the comparable is built of superior materials ($20,000) and the comparable has more square footage ($25,000). Deed is considered voluntary because it's under the owner's control. 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? Which statement is TRUE? Bush in 1991 and has remained the bedrock of federal telemarketing regulations ever since. Which amendment to the Florida constitution limits how much the assessed value of homesteaded property can increase in a given year? merrick okamoto net worth A township has 36 parcels called "sections." The brokerage relationship disclosure requirements in Chapter 475, Florida Statutes, do NOT apply to which transaction? 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. Which statement is TRUE regarding comparative market analyses (CMAs)? C. The applicant must apply for a broker license under mutual recognition. The street in front of your house is to be paved at a cost of $45 per foot. The covenant of warranty forever is included in which type of statutory deed? Deductions of hazard insurance expense on a principal residence. RESPA disclosures at time of loan or within 3 business days of: Legally Blind: $500 In the Government Survey System, the six-mile vertical strip of land that extends from the north to the south of Florida, located immediately west of the Tallahassee Principal Meridian, is called. 414.94 - 319.21 = 95.94 principal amount for month 2. Illiquidity; 2. (Pdf) Southern District of Florida Federal Trade Commission, Southern 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. If your lot frontage on the street is 90 feet, what is your portion of the special assessment? Compared with the subject property, the comparable is built of superior materials ($20,000) and the comparable has more square footage ($25,000). Prohibits telemarketers from calling Arizona residents between the hours of 9 p.m. and. Criminals use this method as a way to obtain a victim's credit card information, identity, or bank account numbers. Savings associations can sell existing mortgage loans to which entity? FLORIDA REAL ESTATE UNIT 5 Flashcards | Quizlet A licensee may not earn credit for attending a FREC meeting if the licensee is on the legal agenda for disciplinary action. Limited partners must register with the FREC under the limited partnership name. Restrictions on telemarketing to Florida residents are about to get tighter. (PDF) American Ways American Ways A Guide for Foreigners in the United Telephone Consumer Protection Act of 1991 - Wikipedia A person applies for a mortgage loan from a local credit union. The statute of frauds requires that contracts conveying an interest in real property and contracts that aren't to be performed within one year of the date created must be. The covenant of warranty forever is included in which type of statutory deed? Which expense is deducted to derive effective gross income? According to the contract for sale and purchase, the buyer is due the rental income for the day of closing. Which statement is TRUE regarding this practice? D) penalty-free withdrawal from an IRA if the money is used as a down payment on a personal residence (first time home buyers only). Which document must be given to prospective purchasers only if purchasing a condo from a developer of 20 or more new residential condominium units? Which statement is TRUE regarding Florida's telemarketing law? A tenant, unable to contact the landlord or the landlord's representative prior to the expiration of a written lease, continues to pay the rent and occupy the premises after the lease expired. Connected Investors robocalls $2M class action settlement Total = 14,500 + 3,000 = $17,500. Property taxes Servicing disclosure statement. If the annual operating expenses amount to $36,990, and a prospective investor insists on at least a 12 percent overall rate of return, what is the maximum amount the investor should pay for the property? Which type of listing allows the seller to list the property with other brokers? which statement is true regarding the federal telemarketing law The contract is contingent on a radon test. The landlord pays the property taxes, hazard insurance, and maintenance expenses. Calculate the proration and indicate who is debited and who is credited. Which mortgage clause requires the lender to waive the right to a deficiency judgment against the borrower, relieving the borrower of personal liability to repay the loan? Within how many days must a landlord notify a tenant of intentions to claim part of the security deposit? The applicant has met the requirements to become a licensed broker and is qualified to take the state license exam. What was the approximate yield on the loan? The radon test indicates a high level of radon gas in the home, and the buyer gives written notice to cancel the contract. Vendor's Lien - equitable lien of the grantor (seller under a PMM) on the land conveyed in the amount of the unpaid purchase price. Write "Telemarketing Sales Rule ANPR, R411001" on your comment, and file your comment through https://www.regulations.gov. The referring tenants do not hold real estate licensees. Persons or entities making calls for telemarketing purposes must have a written policy, available upon demand, for maintaining a do-not-call list. Civil Rights Act of 1866 prohibits any type of discrimination based on race in any real estate transaction (sale or rental) without exception. Florida's telemarketing law became invalid when federal telemarketing laws were implemented. Service and charges (a) It shall be the duty of every common carrier engaged in interstate or foreign com Which statement is FALSE? After the closing, the licensee discovered that the seller's broker had failed to disclose latent defects. ), $475,000*.8 = $380,000 / 39 years = $9,744, Ch. deliver the deposit check to the employer by the end of business on Thursday. C) deduction of interest paid on the mortgage. The land value is 20 percent of the total acquisition cost. 950 / 30 = 31.67 x 20 = $633.33 InVirtek Vision International ULC v.Assembly Guidance Systems, Inc. d/b/a Aligned Vision, No. An individual who repeatedly writes bad checks can be charged with, Moral Turpitude involves conduct contrary to honest, good morals, accepted custom (i.e. is exempt from the sales associate course; however, she must pass a written Florida-specific real estate law exam. A) Federally related transactions require an appraisal. 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. Open listing allows the seller to list the property with multiple brokers. The mortgagee's title insurance policy is ISSUED FOR THE AMOUNT OF THE MORTGAGE LOAN AND IS TRANSFERABLE. The law applies broadly to a "telephonic sales call." "Telephonic sales call" is currently defined as "a telephone call, text message, or voicemail transmission to a consumer for the purpose of soliciting a sale of any consumer goods or services, soliciting an extension of credit for consumer goods or services, or obtaining information that will tenants and buyers of all residential property built before 1978. The purpose of the Do Not Call registry is to give consumers a choice regarding telemarketing calls. 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. United States: D. Mass. Patent Litigation Update: January 2023 A buyer has applied for a 20-year mortgage of $52,000 at 7 3/8 percent interest. B) The loan applicant can sue the credit union for violating the Fair Housing laws. The seller is still owed the entire amount of the purchase price. Comp Which statement MOST accurately describes the first year of a 30-year level-payment, fixed rate mortgage? Which statement is TRUE regarding this situation? The telemarketing class action lawsuit accuses Connected Investors of violating the TCPA with unsolicited prerecorded voice message advertisements. Distinguish between FASB Accounting Standards Updates and FASB Statements of Financial Accounting Concepts. Yes, because this is an example of bait-and-switch advertising, and it is illegal. Eaux Claires, Edmonton home for sale. (page 99), Moral Turpitude involves conduct contrary to honest, good morals, accepted custom (i.e. Option Contracts Facebook Instagram. Which of the following statements about consumer protection laws is true? Which solution is NOT a remedy for the breach of a real estate sale contract? The sales associate must notify the DBPR in writing within 60 days regarding her change in residency. Federal Register :: Telemarketing Sales Rule 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. The day after signing the sale contract and reviewing the condominium documents, the buyers notify the broker that they want to cancel the contract. a. She requests a Florida sales associate license based on mutual recognition. Therefore, debited to seller and credited to buyer. Which type of window is the least energy efficient? PSA The brokerage can work with the buyer, in the same transaction, A sales associate receives a deposit from a buyer on Wednesday morning. The seller refuses to sign a release of the buyer's earnest money deposit and demands receipt of the deposit for himself. $52,000 x .07375 = 3,835 / 12 = 319.58 34,840 / .12 = $290,250 max purchase price. Which of the following is an accurate statement regarding the Federal Trade Commission (FTC) and the consumer protection laws related to funeral home services? The right of the state to take property of a person who died intestate and without heirs is known as. A) The seller can revoke her counteroffer and accept the buyer's original offer up until the time the buyer rejects the counteroffer. A Georgia real estate licensee moved to Miami five months ago. B) Interest payments remain constant while principal payments increase. Which statement applies to this situation? The statute of frauds requires that contracts conveying an interest in real property and contracts that aren't to be performed within one year of the date created must be in writing and signed to be enforceable. It amended the Communications Act of 1934.The TCPA is codified as 47 U.S.C. A brokerage firm represents a seller as a single agent. 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. (page 364), Liquidation analysis, reproduction cost analysis, and income capitalization analysis (and comparable sales analysis), Management considerations is one of the disadvantages of investing in RE. Deed is the written instrument to convey an interest in real property. Central Asia. 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. The earnest money deposit normally appears on the closing statement as a. (Round answer to nearest dollar. A written contract for sale and purchase of commercial property that used designated sales associates failed to close. 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. 501.059. Placement of the windows is most important on which type of lot if the homeowner is concerned about the possibility of vehicular headlights shining into the front windows? Which statement is TRUE regarding this situation? Is the broker required to retain the brokerage relationship disclosure documents, and if so, for how long? Branch office of a bank is a service industry that services primarily local residents. Florida Changes its Telemarketing Laws | Jones Day Advertising and Marketing | Federal Trade Commission Which mortgage clause requires the lender to waive the right to a deficiency judgment against the borrower, relieving the borrower of personal liability to repay the loan? Part 310: Telemarketing Sales Rule Fees; Final Rule Updating the Fees Charged to Entities Accessing the National Do Not Call Registry, 16 CFR Part 310: Telemarketing Sales Rule: Federal Register Notice Containing Notice of Proposed Rulemaking and Soliciting Public Comment on Proposed Amendments to the Rule, 16 CFR Part 310: Telemarketing Sales Rule: Federal Register Notice Containing Notice of Proposed Rulemaking and Soliciting Public Comment on Proposed Amendments to the Rule - Text Version, 16 CFR Part 310: Telemarketing Sales Rule Fees; Final Rule, 16 C.F.R. Property taxes are paid in arrears - so seller has paid no taxes that month. 640/4/4 = 40 Section 31 would be located in which corner? which statement is true regarding the federal telemarketing law? In 1992, the Commission adopted rules to implement the TCPA.
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