The TCPA restricts the making of telemarketing calls and the use of automatic telephone dialing systems and artificial or prerecorded voice messages. Only 2 members must be consumer members who have never been brokers or sales associates. 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 AVAILABILITY OF BUILDING MATERIALS INFLUENCES DEMAND is FALSE - has to do with supply. D) notification that the buyer may order an energy-efficiency rating on the building. Property taxes Federal Register :: Telemarketing Sales Rule Index plus Margin equals Calculated Interest Payment on an ARM, Ginnie Mae (GNMA) serves as a guarantor of mortgage-backed securities. According to figures obtained from a cost-estimating service, the base construction cost per square foot of livable area is $92, and $76 per square foot for the garage. Complaint resolution for homeowner associations is provided by which division of Florida government? 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. Business Combination Agreement and Plan Of Reorganization, dated 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. Monthly payments remain constant, and the interest portion comprises the majority of the payments. 3. The Telephone Consumer Protection Act (TCPA) was passed in 1991 in response to consumer complaints of increased marketing calls and automated, pre-recorded messages. Vendor's Lien - equitable lien of the grantor (seller under a PMM) on the land conveyed in the amount of the unpaid purchase price. In 1991, Congress adopted the Telephone Consumer Protection Act (TCPA) to restrict the use of automatic telephone dialing systems and artificial or prerecorded voice messages (robocalls). (page 169), The answer is ACCRETION. Which statement concerning sections is FALSE? After the closing, the licensee discovered that the seller's broker had failed to disclose latent defects. 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? b. self-serving bias e. social categorization, Briefly explain the importance of each of the following. Standard Message & data rates may apply. How much of the $414.94 monthly payment paid in month two will apply to principal? Which item would be classified as a fixed expense in the calculation of net operating income? All national chartered commercial banks are members of which entity? C) Limited partners are personally liable for the debts of the partnership. The contract is contingent on a radon test. The calculated interest rate of an adjustable-rate mortgage is determined by adding which two components? Final Exam Prep Flashcards | Quizlet All national chartered commercial banks are members of which entity? Interest on Home Equity Deed is the written instrument to convey an interest in real property. Which statement about the economic concept of demand is FALSE? 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. A broker is NOT required by law to notify the FREC of conflicting demands in which situation? FLORIDA REAL ESTATE UNIT 5 Flashcards | Quizlet (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 Division of Marketing Practices periodically issues informal staff advisory opinions in response to requests for interpretation of the Telemarketing Sales Rule. Search the Legal Library instead. For a violation of any of the telemarketing rules in Florida Statute Section 501.059, consumers can now sue to enjoin the violation and recover actual damages or $500, whichever amount is greater. The constitutional homestead law protects real property from forced sale to satisfy which type of delinquent debt? 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 "21 Rules You Must Use" are the most important things you need to do now and on an ongoing basis to prevent identity theft. 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. 1. is exempt from the sales associate course; however, she must pass a written Florida-specific real estate law exam. Which statement is TRUE regarding this situation? The term used to measure the amount of energy an electrical appliance consumes is. B) It is in the licensee's best interest not to request reimbursement from the fund, because the licensee's license would be suspended. 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. Market is local in nature; 3. 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 the federal telemarketing law? Find legal resources and guidance to understand your business responsibilities and comply with the law. tenants and buyers of all residential property built before 1978. 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 calculated interest rate of an adjustable-rate mortgage is determined by adding which two components? Compared with the subject property, the comparable is built of superior materials ($20,000) and the comparable has more square footage ($25,000). An EARNEST MONEY DEPOSIT is desirable to protect the seller, but it's not required to make a contract valid. The sales associate must notify the DBPR in writing within 60 days regarding her change in residency. 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. Reply 'STOP' to unsubscribe from SMS service. Deed is considered voluntary because it's under the owner's control. The building has an effective age of five years. Tenancy at Sufferance - without the consent of the landlord. Total is 60 Acres. Need for expert help; 4. The brokerage relationship disclosure requirements in Chapter 475, Florida Statutes, do NOT apply to which transaction? The RE licensee is not eligible to make a claim against the Real Estate Recovery Fund. RESPA disclosures at time of loan or within 3 business days of: The total square footage of the livable area is 2,600. General warranty deed includes quiet enjoyment (peaceful possession undisturbed by claims of title), warranty forever (forever warrant and defend grantee's title), and further assurance (will help make title good in the future too), The lender's policy protects the lender against title defects. 633.33 debited to seller and credited to buyer. Maccas case study - Good - OPERATIONS role of operations management Ann. A developer advertises homes for sale with a total down payment of $2,000. The TCPA restricts telephone solicitations (i.e., telemarketing) and the use of automated telephone equipment. astros vs yankees cheating. A licensee may not earn credit for attending a FREC meeting if the licensee is on the legal agenda for disciplinary action. You are appraising a four-year-old, single-family residence. which statement is true regarding the federal telemarketing law? 950 / 30 = 31.67 x 20 = $633.33 If your lot frontage on the street is 90 feet, what is your portion of the special assessment? illegal, because the amount of compensation exceeds the allowable amount. This arrangement is. required by Florida law to verify that license applicants are current on child support payments. TILA/Reg Z makes "Bait and Switch" advertising a federal offense. And some rules can even vary within a state. A buyer offered $225,000 for a seller's property. 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? Memo from Chair Lina M. Khan to commission staff and commissioners regarding the vision and priorities for the FTC. Telemarketing | 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? (2) Training of personnel engaged in telemarketing. NOI = Cap Rate x Value (sale price) How will the property taxes be entered on the closing statement? Distinguish between FASB Accounting Standards Updates and FASB Statements of Financial Accounting Concepts. Which statement is TRUE regarding the federal telemarketing law? 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 company's phone number is 222-1010. In one of the more upsetting high-profile lawsuits, Vanessa Bryant has just reached a final . A building is valued at $135,000 with an estimated 25-year useful economic life. Which solution is NOT a remedy for the breach of a real estate sale contract? She requests a Florida sales associate license based on mutual recognition. What is the adjusted sale price of the comparable? The referring tenants do not hold real estate licensees. Is this transaction covered under Truth in Lending Act? Telemarketing - Consumer Protection Topic - Alaska A duplex is scheduled to close on September 10. Which individual is exempt from licensure under Florida Statute 475? The Florida Real Estate Commission (FREC) issued a seven-year suspension of a broker's license. Which item would be classified as a fixed expense in the calculation of net operating income? An individual who repeatedly writes bad checks can be charged with, Moral Turpitude involves conduct contrary to honest, good morals, accepted custom (i.e. 1. How much of the $414.94 monthly payment paid in month two will apply to principal?