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Sales Associate Pre-License Course Florida Real Es…. This is unethical, but legal. Jim, Matt, and Jack were co-owners of a parcel of real property. Salesperson (agent) pre-licensing courses are offered on one of the seven Florida campuses or online through a self-paced option.
A broker receives a deposit on a property, but the seller rejects the offer. This is legal, but the broker would need a group license. What is required for a person who represents him or herself as a business broker? Gold coast chapter 4 quiz. What must the licensee do? Selection Board SSB mock test Batch. The principle of substitution is used in all appraisal approaches for estimating market value but is best illustrated with which valuation approach? What was the developer's profit on investment? He spent $20, 000 per acre for the land, which is divided into the following three uses: x 3/8 of the tract for condominiums x 5/16 of the tract for townhouses x The rest of the tract for single-family homes If the portion of the tract used for singlefamily homes consists of 120 acres, what was the sales price of the entire tract? If a sales associate is entitled to 60% of all commissions earned, and sells a property for $64, 000 with a 7% commission due to the broker, how much should the broker pay the sales associate?
After allowing for a road 60 feet wide and 246 feet long, how many 80-foot by 90-foot lots could be developed? Lot and block method c. Assessor's method A. Metes and bounds method 842. Here is the links of our latest Chhattisgarh state. All limited partners must be brokers, either active or inactive. Contribution b. Conformity c. Balance d. Highest and best use B. Conformity 379. The broker refused and showed the seller the phrase in the contract that allowed him to retain the deposit. Final exam part 1. A fiduciary relationship is one of: a. What is the most comprehensive form of real property ownership? At closing, the owner cannot give a clear title. Setting fiscal policy c. Opening market operations d. Changing the reserve requirement B.
How many years must a tax certificate holder wait before applying for a tax deed? Notify the state legislators b. Under which agreement does a party give up all of their rights under a lease? Real Estate Settlement Procedures Act (RESPA).
Which definition best describes the equity a homeowner has in their home? All Entrance Exams (JEE, CUET, IPM, NEET, Defence Entrance) Mock Test. At least one enclosed room in a building of stationary construction. Interest rates are set by the government. They don't have the letter P in it or LLC. In November, the seller paid $1, 375 for the annual property taxes. Which clause in a mortgage benefits the lender? From the language menu, select your favored language. Gold coast final exam 1 answers sheet sample. Not lease out the unit since this would violate F. Lease out the unit but may not be compensated more than $100.
It is not required before recording. In order for a broker to appoint designated sales associates to represent the buyer and seller, all of the following conditions must be met, EXCEPT: a. What is the total amount of the state documentary stamp tax on the note and intangible tax on the mortgage? 00 d. Credit the buyer $2, 080. City, county, and state governments c. City and county governments d. School boards, city, and county governments D. School boards, city, and county governments 424. Nadu Police Mock Test. Gold Coast Schools Review 2023. 300 c. $350 d. $375 B. In which market would there be a shortage of housing? Request a new license, but pay no fee b. To which entity must the Florida Real Estate Commission report criminal violations of F. State attorney general b.
The "taking" must only be for public use. Preparing students for the IPM entrance exam. The time frame in which a contract can be enforced 92. Which statement regarding a Planned Unit Development (PUD) is correct? How long may an unlicensed person be imprisoned if found to be in violation of F. Not at all b.
Six brokers wish to become partners in a real estate agency and each be active in real estate sales. Most probable price. 00, and annual taxes are $840. The farmer takes the prospect aside and tells him or her to come back in 30 days. Race, color, citizenship, sex, family status, or religion b. Civil action may be brought and enforced by the officers and directors if anyone stops this agreement.
Pat cannot collect a commission 740. A sales associate receives negotiable securities from the purchaser as earnest money. In writing and signed d. Witnessed and under seal D. Witnessed and under seal 660. If a property's effective gross income is $44, 000, operating expenses are $26, 000, and the capitalization rate is 10%, what is the value of the property? The licensee must disclose the license status on any yard sign using terminology such as "owner agent. " What will the license status become for all sales associates registered with that broker? The comparable property has no garage. Only RUB 2, 325/year. Gold Coast FINAL EXAM STUDY SET for 4/11 Flashcards. Housing Board Mock Test. A subordination clause b. It has a positive reputation in the industry as well as good testimonials from past students on its website. What must the brokers do first to make this legal?
In a real estate transaction, what type of relationship can a buyer and seller expect to have? The corporation pays George a commission on the stock sale and gives him 5 shares for handling the oil lease. Including encumbrances 716. Add $5, 000 to the comparable property c. Subtract $5, 000 from the subject property d. Subtract $5, 000 from the comparable property D. Subtract $5, 000 from the comparable property 35. Buy NEET Mock Test Online. The name must be registered with the Secretary of State C. This would violate FS 475 35. Which party normally pays for documentary stamps on the deed? Gold Coast RE 1001 Cram, Practice Math and Final Exam Flashcards. The listing authorized Bob to accept the best offer obtained for Owen. NLC GET Online Mock. All of the following statements are correct with respect to a broker registered with a real estate brokerage corporation, EXCEPT: a. Can call someone from the DNC if you have a buyer interested in purchasing the property.
No violation occurred since Julie properly disclosed the nature of the deposit, and the seller allowed the check to be held subject to clearance. How much is provided by the Homestead Act for the basic tax exemption? Six months later broker Fred shows Gail's home to Paula and Paula buys it. Broker Brown's license may be suspended for not telling Smith 214. There aren't any campus locations. Notify the broker where she can be found on weekends. Jones negotiates the sale of the condominium to Smith without disclosing the leak. 19, 602 square feet c. 20, 000 square feet d. 21, 780 square feet A. Sue the broker's estate 880. Document specifies money owed, payment schedule, and interest. A property has a value of $240, 000 and a net operating income of $30, 000. Increasing the yield on an investment by using borrowed money b. Decreasing the yield on an investment by using borrowed money c. Avoiding federal income tax d. Estimating the rate of return A. If the bank charged $2, 280.