which statement is true regarding the federal telemarketing law?

The building has an effective age of five years. We enforce federal competition and consumer protection laws that prevent anticompetitive, deceptive, and unfair business practices. A person who rents lots in a mobile home park. The brokerage relationship disclosure requirements in Chapter 475, Florida Statutes, do NOT apply to which transaction? 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. Range 1 West is located immediately west of the principal meridian and base line. Which document must a prospective buyer of an existing (resale) condominium unit receive? Within ten business days after the deposit is due under the sale contract, the broker . The .gov means its official. All national chartered commercial banks are members of which entity? Which item would be classified as a fixed expense in the calculation of net operating income? Many states also have laws regulating telemarketing. Ann. B) Interest payments remain constant while principal payments increase. AND, IT WILL PROTECT THE NEW OWNER (IF TRANSFERRED) UP TO THE UNPAID BALANCE OF THE MORTGAGE LOAN. Branch office of a bank is a service industry that services primarily local residents. 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 the federal telemarketing lawrenal cancer symptoms Menu nfl flex schedule changes. A local lender charged 4 percent interest plus 4 points on a conventional mortgage loan. Hazard Insurance is included as part of a fixed expense (also ppty taxes), Functional Obsolescence - operational inadequacies, poor design, or changing tastes and preferences (page 342), T-Intersection (open view down the street, lights shining into window and possible danger from speeding runaway cars - page 358), Wattage is the measurement of the amount of energy consumed. On the first of the month, the seller collected total rent for September amounting to $950. Real estate licensees may not represent a CMA as an appraisal. deliver the deposit check to the employer by the end of business on Thursday. illegal, because the amount of compensation exceeds the allowable amount. 71,820 - 36,990 = 34,840 NOI (Round answer to nearest dollar. The contract is contingent on a radon test. Jalousie - window is almost impossible to seal; therefore, it's the lease energy efficient. EGI - OPEX = NOI It does not require the seller, at the seller's expense to conduct and energy efficiency rating of the structure prior to closing. The buyer did not accept the seller's counteroffer. 4. How much of the $414.94 monthly payment paid in month two will apply to principal? Which type of listing allows the seller to list the property with other brokers? A court may award up to three times that amount for a willful or knowing violation. D) Buyer finds another property at a lower price and demands a refund of the earnest money deposit. 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). C) deduction of interest paid on the mortgage. 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. The process of land buildup from water-borne rock and soil is referred to as. A broker is NOT required by law to notify the FREC of conflicting demands in which situation? Limited partners must register with the FREC under the limited partnership name. 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. Companies also need to be familiar with rules banning most forms of robocalling. The seller is still owed the entire amount of the purchase price. Transaction Broker - in a transaction broker relationship the buyer or seller is not responsible for the acts of a licensee (page 58). The tenant has what type of lease? A buyer has applied for a 20-year mortgage of $52,000 at 7 3/8 percent interest. The term used to measure the amount of energy an electrical appliance consumes is. According to the contract for sale and purchase, the buyer is due the rental income for the day of closing. 414.94 - 319.58 = 95.36 A lead-based paint disclosure must be given to. Calculate the reproduction cost new of the structure. Which statement is TRUE regarding comparative market analyses (CMAs)? The constitutional homestead law protects real property from forced sale to satisfy which type of delinquent debt? 3. C) The real estate licensee must show that the license was active at the time the transaction was entered into. What is the annual IRS depreciation deduction? An owner of an apartment complex pays $100 to each tenant who refers a person who becomes a tenant. The FTC does not prohibit bait-and-switch advertising. Savings associations can sell existing mortgage loans to which entity? 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. Civil Rights Act of 1866 prohibits any type of discrimination based on race in any real estate transaction (sale or rental) without exception. A) Seller and buyer both claim the earnest money deposit. Remainderman - 3rd party fee simple ownership at end of life estate by wife. 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. 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. Central Asia. Which individual is exempt from licensure under Florida Statute 475? The seller countered at $250,000. All national chartered commercial banks are members of which entity? What is the annual IRS depreciation deduction? 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. An EARNEST MONEY DEPOSIT is desirable to protect the seller, but it's not required to make a contract valid. Licensees must notify the DBPR in writing within 10 days of a change in current mailing address. 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. Using the lump-sum age-life method, find the depreciated value of the building. What is the state's intangible tax on a new mortgage of $10,000? FL law does not require that prospective buyers and seller be represented. However, there is a law found in Section 365.1657, Florida Statutes, that prohibits sending an unsolicited advertisement by fax machine within the state. An individual who repeatedly writes bad checks can be charged with, Moral Turpitude involves conduct contrary to honest, good morals, accepted custom (i.e. The Federal Communications Commission (FCC) enforces the Telephone Consumer Protection Act (TCPA), which also regulates telemarketing. The stepson's interest is that of. A buyer offered $225,000 for a seller's property. A) Demand is the desire and ability to purchase or lease goods and services B) Consumer preferences influence demand C) Changes in price cause an inverse change in demand D) The availability of building materials influences demand, The AVAILABILITY OF BUILDING MATERIALS INFLUENCES DEMAND is FALSE - has to do with supply (page 415), Implement the comprehensive plan (page 427), Branch office of a bank is a service industry that services primarily local residents (page 425), Effective Age / Total Economic Life x Reproduction Cost New, 45 x 90 x .75 = $3,037.50 / 2 = $1,518.75, A professional office center is purchased for $475,000. The TCPA restricts the making of telemarketing calls and the use of automatic telephone dialing systems and artificial or prerecorded voice messages. Deed is the written instrument to convey an interest in real property. Why do many second-generation Korean-American mothers, who often have negative memories of growing up under strict, intensive, achievement-oriented "tiger mothering"a term popularized by Amy Chua's bestselling Battle Hymn of the Tiger Mother (Chua 2011)reproduce certain aspects of this parenting style in raising their own children? Functional Obsolescence - operational inadequacies, poor design, or changing tastes and preferences. Compared with the subject property, the comparable is built of superior materials ($20,000) and the comparable has more square footage ($25,000). When a loan is paid off in a lien theory state, which instrument should the lender prepare and give to the borrower? Recording it in the public records shows that the mortgage lien has been removed. A) Limited partners must register with the FREC under the limited partnership name. The developer sold the lots for $250 per front foot. Which statement is TRUE regarding this practice? (EDGAR Online via COMTEX) -- false 0001564406 0001564406 2023-02-08 2023-02-08 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM. The licensee was unable to collect on the judgment and is considering submitting a claim to the Real Estate Recovery Fund. 501.601 through 501.626 and Florida's do-not-call law at Fla. Stat. writing bad checks, crimes of larceny). 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. . A person who rents lots in a mobile home park.

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