The loan officer has three business days to give the loan applicant a copy of the information booklet. (no more than $50 to an unlicensed person who is a tenant of the apartment complex for the referral fee. Part 310: Telemarketing Sales Rule: Advanced Notice of Proposed Rulemaking; Request for Public Comments Concerning Caller Identification Services and Disclosure of the Identity of the Seller or Telemarketer Responsible for Telemarketing Calls, Telemarketing Sales Rule; Final Rule; Correction, Telemarketing Sales Rule; Final Rule Amendments, Telemarketing Sales Rule; Extension of Comment Period in Notice of Proposed Rulemaking - 16 CFR Part 310, Telemarketing Sales Rule - 16 CFR Part 310, Telemarketing Sales Rule Fees - 16 CFR Part 310, Telemarketing Sales Rules; Notice of 15 day Extension in Comment Period - 16 CFR Part 310, Notice of 30-Day Extension in Comment Period in the Review of the Telemarketing Sales Rule - 16 CFR Part 310, Telemarketing Sale Rule - 16 CFR Part 310, Notice of Intent to Request Public Comments on Guides for the Household Furniture Industry and the Telemarketing Sales Rule - 16 CFR Parts 250 and 310, Do-Not-Call Provisions of Telemarketing Sales Rule; Meeting - 16 CFR Part 310, Telemarketing Sales Rule "Divestiture Orders in Merger Cases" Agency Information Collection Activities; Proposed Collection; Comment Request; Extension - 16 CFR 310, Telemarketer Fees to Access the FTCs National Do Not Call Registry to Increase in FY 2019, Telemarketer Fees to Access the FTCs Do Not Call Registry to Rise Slightly in FY 2018, FTC Update: Telemarketer Fees for the Do Not Call Registry to Rise Slightly in FY 2017, FTC Amends Telemarketing Rule to Ban Payment Methods Used by Scammers, La FTC enmienda la Regla de Telemercadeo para prohibir mtodos de pago utilizados por los estafadores, Public Forum on Debt Relief Amendments to the Telemarketing Sales Rule, Public Forum on the Telemarketing Sales Rule: "Do-Not-Call", Workshop On Proposed Telemarketing Sales Rule. 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? The associate continues to be employed by the same broker, who has an office in Atlanta. Section 31 would be located in which corner? Exclusion from gain on sale of principal residence up to $250K for single person, $500K for married couple filing jointly. . In one of the more upsetting high-profile lawsuits, Vanessa Bryant has just reached a final . 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. Legally Blind: $500 Persons or entities making calls for telemarketing purposes must have a written policy, available upon demand, for maintaining a do-not-call list. Vendor's Lien - equitable lien of the grantor (seller under a PMM) on the land conveyed in the amount of the unpaid purchase price. Which item would be classified as a fixed expense in the calculation of net operating income? What was the approximate yield on the loan? The Telephone Consumer Protection Act of 1991 (TCPA) was passed by the United States Congress in 1991 and signed into law by President George H. W. Bush as Public Law 102-243. Since seller hasn't received the money, it's not shown on the seller's statement. A developer advertises homes for sale with a total down payment of $2,000. The Internet connects marketers to customers across the country and around the world. Which statement is TRUE regarding the federal telemarketing law? What is the annual IRS depreciation deduction? Standard Message & data rates may apply. B) tenants and buyers of all residential property. D) The seller cannot now accept the original offer, because it was killed by the counteroffer. Which item would be classified as a fixed expense in the calculation of net operating income? 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). 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. D) Credit unions are exempt from the Real Estate Settlement Procedures Act. It does not require the seller, at the seller's expense to conduct and energy efficiency rating of the structure prior to closing. C. The applicant must apply for a broker license under mutual recognition. D) buyers of all single-family homes. We work to advance government policies that protect consumers and promote competition. SB 1120, which went into effect July 1, 2021, imposes significant additional restrictions (and additional penalties for violations) on businesses making calls to Florida residents or Florida area. 156) This arrangement is, illegal, because the amount of compensation exceeds the allowable amount. The tenant has what type of lease? The broker must retain the disclosure documents for five years even if a nonresidential transaction that used designated sales associates fails to close. She requests a Florida sales associate license based on mutual recognition. Which lien is classified as a voluntary lien? This arrangement is. A buyer offered $225,000 for a seller's property. We enforce federal competition and consumer protection laws that prevent anticompetitive, deceptive, and unfair business practices. Which type of depreciation is associated with inefficient architectural design? The overall capitalization rate (OAR) is determined by analyzing which two components of similar properties in the subject property's market area? The day after signing the sale contract and reviewing the condominium documents, the buyers notify the broker that they want to cancel the contract. 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. In an effort to address a growing number of telephone marketing calls, Congress enacted in 1991 the Telephone Consumer Protection Act (TCPA). $52,000 x .07375 = 3,835 / 12 = 319.58 Which statement is TRUE regarding this situation? A couple are interested in purchasing residential investment property, and they have informed their sales associate that they want limited representation but do not want to be legally held responsible for the acts of a licensee. 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. 1.1 - 1.4, in response to questions of general public interest. D) notification that the buyer may order an energy-efficiency rating on the building. Citations involve fines that currently range from $100 to $500 per offense and may include other assessments (ex: REQUIRE EDUCATIONAL COURSE ATTENDANCE), If the licensee-respondent disputes the alleged facts noted in the complaint, the licensee-respondent's case must be heard by an administrative judge in a FORMAL HEARING (PAGE 118). Municipal Airport - immune properties are city, county, state and federal gov't properties - others are exempt only, which are subject to taxes, but are released from obligation, Local government can recover the cost of widening a street in an existing neighborhood by charging the neighborhood property owners a. Which statement is FALSE concerning federally related transactions? . Which statement is TRUE regarding a title company holding the escrow funds? If your lot frontage on the street is 90 feet, what is your portion of the special assessment? I = RV allows a sales associate or broker associate employed by an owner-developer to sell property for all the affiliated entities owned by the developer. The broker decides to appeal FREC's final order. A person applies for a mortgage loan from a local credit union. The land value is 20 percent of the total acquisition cost. writing bad checks, crimes of larceny). Vacancy and collection losses. On July 1, 2021, Florida enacted a comprehensive new telemarketing law that arguably goes beyond the federal Telephone Consumer Protection Act ("TCPA"). Accretion is the process of land buildup from water-borne rock, sand, and soil. B) The Department of Veterans Affairs partially guarantees VA mortgage loans. Lina M. Khan was sworn in as Chair of the Federal Trade Commission on June 15, 2021. Telemarketing also includes sales solicitations via fax, the Internet and mail, if the consumer is encouraged to respond via the telephone, fax . The city has agreed to pay 25 percent of the paving cost and will assess abutting properties for the remainder. The buyer did not accept the seller's counteroffer. Memo from Chair Lina M. Khan to commission staff and commissioners regarding the vision and priorities for the FTC. What was the approximate yield on the loan? The calculated interest rate of an adjustable-rate mortgage is determined by adding which two components? A real estate licensee purchased a home from the seller. 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. 950 / 30 = 31.67 x 20 = $633.33 The applicant has met the requirements to become a licensed broker and is qualified to take the state license exam. These presidential actions can include executive orders, presidential memoranda, and proclamations. The day after signing the sale contract and reviewing the condominium documents, the buyers notify the broker that they want to cancel the contract. D) The real estate licensee is not eligible to make a claim against the Real Estate Recovery Fund. The covenant of warranty forever is included in which type of statutory deed? Which statement is TRUE regarding the federal telemarketing law? A buyer has applied for a 20-year mortgage of $52,000 at 7 3/8 percent interest. Lease Agreements longer than 1 year The AVAILABILITY OF BUILDING MATERIALS INFLUENCES DEMAND is FALSE - has to do with supply. SUBCHAPTER IICOMMON CARRIERS Part ICommon Carrier Regulation 201. Which solution is NOT a remedy for the breach of a real estate sale contract? 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. Personnel engaged in any aspect of telemarketing must be . It amended the Communications Act of 1934.The TCPA is codified as 47 U.S.C. Homestead property is exempted from forced sale to satisfy judgement liens for debts owing to personal loans, CREDIT CARD DEBT, etc. C) The seller has breached the buyer's contract, and the buyer can sue to force the seller to take a lower price. Tenancy at Sufferance - without the consent of the landlord. Deed is the written instrument to convey an interest in real property. On the first of the month, the seller collected total rent for September amounting to $950. Which statement is TRUE regarding comparative market analyses (CMAs)? croatia vs bulgaria prediction; he said she said wedding game; a) The name on the real estate brokerage firm for which the associate works must be printed on the key rings b) As long as the sales associate is paying the entire cost of the rings, he can put any wording on them he chooses. Which statement is TRUE? 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. 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? The mortgagee's title insurance policy is ISSUED FOR THE AMOUNT OF THE MORTGAGE LOAN AND IS TRANSFERABLE. A) The seller can revoke her counteroffer and accept the buyer's original offer up until the time the buyer rejects the counteroffer. Calculate the reproduction cost new of the structure. 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.
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which statement is true regarding the federal telemarketing law?
