which statement is true regarding the federal telemarketing law?

What is the state's intangible tax on a new mortgage of $10,000? A building is valued at $135,000 with an estimated 25-year useful economic life. Seller refuses to sign the release of escrow funds. B) The Department of Veterans Affairs partially guarantees VA mortgage loans. Which statement is TRUE? A broker is NOT required by law to notify the FREC of conflicting demands in which situation? (page 267). Ann. 414.94 - 319.58 = 95.36 Savings associations can sell existing mortgage loans to which entity? Within how many days must a licensee notify the Department of Business and Professional Regulation of a change in current mailing address? 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. 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? And some rules can even vary within a state. Which statement is TRUE regarding comparative market analyses (CMAs)? 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 sales associate receives a deposit from a buyer on Wednesday morning. Monthly payments remain constant, and the interest portion comprises the majority of the payments. How many members of the Florida Real Estate Commission must be consumer members who have never been real estate brokers or sales associates? Find legal resources and guidance to understand your business responsibilities and comply with the law. The total square footage of the livable area is 2,600. 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 statement applies to this situation? Test Prep A Flashcards - Cram.com The Division of Marketing Practices periodically issues informal staff advisory opinions in response to requests for interpretation of the Telemarketing Sales Rule. Prevention Methods - Identity Crimes - Center for Identity Management Deed is the written instrument to convey an interest in real property. A buyer and seller enter into a contract for sale and purchase of a home. The garage is 485 square feet. Management; 5. The Telemarketing Sales Rule, which requires telemarketers to make specific disclosures of material information; prohibits misrepresentations; sets limits on the times telemarketers may call consumers; prohibits calls to a consumer who has asked not to be called again; and sets payment restrictions for the sale of certain goods and services. (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. The licensee sued the seller's broker and was awarded a judgment. Calculate the developer's percentage of profit (round to nearest whole percentage point). Which statement MOST accurately describes the first year of a 30-year level-payment, fixed rate mortgage? (PDF) American Ways American Ways A Guide for Foreigners in the United Azure Exam Prep Questions Flashcards | Quizlet 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. B) Federally related transactions do not include transactions associated with refinancing real property. C) Limited partners are personally liable for the debts of the partnership. 30 Days - if landlord is making a claim on the deposit, the landlord has 30 days to notify the tenant of the claim. (PAGE 190), Which statement concerning sections is FALSE? Which statement is FALSE concerning federally related transactions? 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. FCC Actions on Robocalls, Telemarketing | Federal Communications Commission 1.1 - 1.4, in response to questions of general public interest. deliver the deposit check to the employer by the end of business on Thursday. Business Combination Agreement and Plan Of Reorganization, dated Lynn is preparing a classified ad for a listed property. Limited partners must register with the FREC under the limited partnership name. A real estate broker has been hired to manage an apartment complex on behalf of the landlord. Open All + It's one mile square of 640 acres, Range 1 West is located immediately west of the principal meridian and base line. B) The day after signing the sale contract and reviewing the condominium documents, the buyers notify the broker that they want to cancel the contract. Solved I need help with any or all of these questions. Thank | Chegg.com Place the funds in an interest-bearing account in a Florida bank and pay the tenant 5 percent interest (separate interest-bearing FL bank account and pay the tenant at least 75% of any annualized average interest rate or 5% per year simple interest - page 153). Tenancy in Common (no right of survivor ship, heirs inherit), Remainderman - 3rd party fee simple ownership at end of life estate by wife. press system to optout of receiving their prerecorded telemarketing messages;(2) to add the consumers' telephone numbers to the seller's do-not-call list; (3) to immediately disconnect the call; and (4) when leaving a message regarding a telemarketing call, the small business must Using the lump-sum age-life method, find the depreciated value of the building. C) deduction of interest paid on the mortgage. Less than $50,000 = $25,000 A person who rents lots in a mobile home park. Telemarketing | Federal Trade Commission Index plus Margin equals Calculated Interest Payment on an ARM, Ginnie Mae (GNMA) serves as a guarantor of mortgage-backed securities. Property taxes are paid in arrears - so seller has paid no taxes that month. Using the lump-sum age-life method, find the depreciated value of the building. Prohibits telemarketers from calling Arizona residents between the hours of 9 p.m. and. The sales associate must notify the DBPR in writing within 60 days regarding her change in residency. (page 91). What is the TCPA? - Contact Center Compliance Companies also need to be familiar with rules banning most forms of robocalling. The extensible markup language (XML) is a markup language promoted by the World Wide Web consortium (W3C). The buyer did not accept the seller's counteroffer. The landlord pays the property taxes, hazard insurance, and maintenance expenses. (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. Which request should be made by the broker's attorney so that the broker can continue to work during the appeal process? A) The federal telemarketing law exempts telephone surveyors. The overall capitalization rate (OAR) is determined by analyzing which two components of similar properties in the subject property's market area? A buyer has applied for a 20-year mortgage of $52,000 at 7 3/8 percent interest. The Telemarketing Sales Rule, which requires telemarketers to make specific disclosures of material information; prohibits misrepresentations; sets limits on the times telemarketers may call consumers; prohibits calls to a consumer who has asked not to be called again; and sets payment restrictions for the sale of certain goods and services. Telecommunications Consumer Protection Act of 1991 (TCPA) 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 solution is NOT a remedy for the breach of a real estate sale contract? (EDGAR Online via COMTEX) -- false 0001564406 0001564406 2023-02-08 2023-02-08 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM. C) The real estate licensee must show that the license was active at the time the transaction was entered into. Use the actual number of days in the closing month when determining the time line. The seller countered at $250,000. Which entity is a guarantor of mortgage-back securities? 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 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. The loan officer has three business days to give the loan applicant a copy of the information booklet. The purpose of the Do Not Call registry is to give consumers a choice regarding telemarketing calls. You can submit your application to register your company with Working Advantage to get your employees access to a wide variety of everyday savings: home office supplies, streaming services, food delivery, educational programs, automotive, gifts, health and wellness, plus the top offers in travel and entertainment. However, there is a law found in Section 365.1657, Florida Statutes, that prohibits sending an unsolicited advertisement by fax machine within the state. Ann. 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. TILA/Reg Z makes "Bait and Switch" advertising a federal offense. 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. End of Pre-License Course Exam Questions - RealEstateExamAnswers.com The site is secure. croatia vs bulgaria prediction; he said she said wedding game; 32, No.9 -FREEREE Advocate News Online: www.advocatenews.net OCATOCAT www.advocatenews.net Mayor announces he's leaving at end of year City councillors offer praise of Arrigo's tenure By Barbara Taormina M ayor Brian Arrigo jolted the city this week when he announced he will be stepping down from the Mayor's Office at the end of this term. The developer sold the lots for $250 per front foot. D) The VA can make direct loans to veterans. The company's phone number is 222-1010. The seller refuses to sign a release of the buyer's earnest money deposit and demands receipt of the deposit for himself. Advertising and Marketing | Federal Trade Commission State law (CGS 42-288a) requires DCP to establish and maintain a listing of consumers who do not wish to receive unsolicited telephone sales calls from firms offering goods or services. Which statement concerning Department of Veterans Affairs (VA) mortgage loans is FALSE? The lender's policy protects the lender against title defects. b. self-serving bias e. social categorization, Briefly explain the importance of each of the following. Which property is immune from property taxes? Is the broker required to retain the brokerage relationship disclosure documents, and if so, for how long? The seller cannot now accept the original offer, because it was killed by the counteroffer. Call Lynn Amherst, Excel Realty 333-2020 (cell). An official website of the United States government. Working Advantage - Employee Discounts A) The loan officer has three business days to give the loan applicant a copy of the information booklet. 4. Illiquidity; 2. The right of the state to take property of a person who died intestate and without heirs is known as. C) All VA mortgage loans contain a due on sale clause. Which type of window is the least energy efficient? (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. Branch office of a bank is a service industry that services primarily local residents. PSA Stay of Enforcement, if granted, stops the enforcement of a suspension or revocation in the final order pending the outcome of the appeal process. Legally Blind: $500 The overall capitalization rate (OAR) is determined by analyzing which two components of similar properties in the subject property's market area? The contract is contingent on a radon test. The applicant has not fulfilled the experience requirement. A court may award up to three times that amount for a willful or knowing violation. The process of land buildup from water-borne rock and soil is referred to as. The Telephone Consumer Protection Act (TCPA) was passed in 1991 in response to consumer complaints of increased marketing calls and automated, pre-recorded messages. C) The loan officer can be fined by the Department of Housing and Urban Development (HUD). Securities registered pursuant to Section 12(g) of the Act: None. Compared with the subject property, the comparable is built of superior materials ($20,000) and the comparable has more square footage ($25,000). English Practice Test Florida Real Estate Principles, Practices & Law Lynn's home phone number is 333-2020. A person who rents lots in a mobile home park. The sales associate must notify the DBPR in writing within 60 days regarding her change in residency.

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