which statement is true regarding the federal telemarketing law?

Which statement MOST accurately describes the first year of a 30-year level-payment, fixed rate mortgage? The RE licensee is not eligible to make a claim against the Real Estate Recovery Fund. (Round answer to nearest dollar. How much is the minimum cash investment on an FHA loan? Which business would be classified as a service industry? D) The seller cannot now accept the original offer, because it was killed by the counteroffer. And some rules can even vary within a state. Legally Blind: $500 The broker must retain the disclosure documents for five years even if a nonresidential transaction that used designated sales associates fails to close. Which brokerage relationship is BEST suited to this couple? The National Do Not Call Registry is a database maintained by the United States federal government, listing the telephone numbers of individuals and families who have requested that telemarketers not contact them. Deeds and Mortgage Instruments 227. In addition, truth-in-advertising standards apply if . Personnel engaged in any aspect of telemarketing must be . A sales associate receives a deposit from a buyer on Wednesday morning. 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. Transaction Broker - in a transaction broker relationship the buyer or seller is not responsible for the acts of a licensee. The .gov means its official. c. There are no federal laws that regulate This problem has been solved! Accretion is the process of land buildup from water-borne rock, sand, and soil. Which statement is TRUE regarding the key rings? Call Us Today! Which individual is exempt from licensure under Florida Statute 475? Which individual is exempt from licensure under Florida Statute 475? Which statement is TRUE regarding this situation? Yes, because this is an example of bait-and-switch advertising, and it is illegal. (page 247). 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. Which entity is a guarantor of mortgage-back securities? 950 / 30 = 31.67 x 20 = $633.33 Call Lynn Amherst, Excel Realty 333-2020 (cell). An agreement in which only one party promises to perform without receiving a reciprocal promise to perform from the other party is called a Unilateral contract The period of time during which the terms of a contract may be enforced according to the statute of limitations are Five years for written contracts and four years for parol contacts. Nothing in the Florida Telemarketing Act or the Telephonic Sales Law prohibits sending advertisements by fax. D) buyers of all single-family homes. A) A section is a square one mile on each side B) A section contains 640 acres C) A section contains 43,560 square feet D) A section has an area of one square mile, The FALSE statement is the a SECTION contains 43,560 sf. Therefore, debited to seller and credited to buyer. Servicing disclosure statement. Yes, because this is an example of bait-and-switch advertising, and it is illegal. A township has 36 parcels called "sections." required by Florida law to verify that license applicants are current on child support payments. A lease calls for annual minimum rent of $14,500 plus 3 percent of annual gross sales in excess of $350,000. A developer advertises homes for sale with a total down payment of $2,000. A qualified buyer offers to pay the $2,000 down, but the developer states that the $2,000 down homes are all sold. 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). 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. 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 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. Which statement applies to this situation? 414.94 - 319.58 = 95.36 The assessed value of an 88-year-old legally blind widow's condominium is $49,500. It was first signed into law by President George H.W. 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. Listed here are some FTC laws about specific marketing practices and the promotion of products and services in specific industries. A) The loan officer has three business days to give the loan applicant a copy of the information booklet. D) Limited partners may participate in management activities of the limited partnership. The Telecommunications Consumer Protection Act of 1991 (TCPA) is a piece of U.S. federal legislation that set guidelines for telemarketing practices in response to consumer complaints. If your lot frontage on the street is 90 feet, what is your portion of the special assessment? Since seller hasn't received the money, it's not shown on the seller's statement. Which statement about the economic concept of demand is FALSE? Which item would be classified as a fixed expense in the calculation of net operating income? Deed is considered voluntary because it's under the owner's control. Federal government websites often end in .gov or .mil. Which type of listing allows the seller to list the property with other brokers? The earnest money deposit normally appears on the closing statement as a. Within how many days must a licensee notify the Department of Business and Professional Regulation of a change in current mailing address? The landlord pays the property taxes, hazard insurance, and maintenance expenses. Lynn Amherst is a sales associate for Excel Realty. writing bad checks, crimes of larceny). 20-cv-10857, Judge Burroughs construed two disputed terms in a patent relating to a method of aligning a laser projector for projecting a laser image onto a work surface.. 1. The lender's policy protects the lender against title defects. The company's phone number is 222-1010. Which document must be given to prospective purchasers only if purchasing a condo from a developer of 20 or more new residential condominium units? Savings associations can sell existing mortgage loans to which entity? How much of the $414.94 monthly payment paid in month two will apply to principal? The referring tenants do not hold real estate licensees. How is the earnest money deposit entered on the closing statement? Calculate the developer's percentage of profit (round to nearest whole percentage point). D) Credit unions are exempt from the Real Estate Settlement Procedures Act. B) It is in the licensee's best interest not to request reimbursement from the fund, because the licensee's license would be suspended. Homestead property is exempted from forced sale to satisfy judgement liens for debts owing to personal loans, CREDIT CARD DEBT, etc. A developer advertises homes for sale with a total down payment of $2,000. 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. 50 / 100. EXCULPATORY CLAUSE is a provision in a mortgage or note in which the lender waives the right to a deficiency judgement against the borrower and the borrower is relived of personal liability to repay the loan. Runners crossing the finish line in the Boston Marathon. 3.5% is the minimum down payment on a FHA loan. The street in front of your house is to be paved at a cost of $45 per foot. 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 assessed value of an 88-year-old legally blind widow's condominium is $49,500. B) The loan applicant can sue the credit union for violating the Fair Housing laws. Within how many days must a licensee notify the Department of Business and Professional Regulation of a change in current mailing address? The seller told her broker that she was revoking the counteroffer and accepting the buyer's original offer. What is the annual rent for the year if the annual gross sales are $450,000? Homestead property is exempted from forced sale to satisfy judgement liens for debts owing to personal loans, CREDIT CARD DEBT, etc. 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). C) Federally related transactions involve a federally insured financial institution. Division of Florida Condominiums, Timeshares, and Mobile Homes is charged with providing complaint resolution for HOAs. In practice, the state list is integrated with the national do-not-call list maintained by the Federal Trade Commission (FTC). 2. What is the total property tax exemption on her homesteaded property? Seller refuses to sign the release of escrow funds. Which type of depreciation is associated with inefficient architectural design? Governance Form summarizes board of directors and the rights of the unit. A brokerage firm represents a seller as a single agent. 315,000 - 20,000 - 25,000 = 270,000. Which statement is FALSE? 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. B) Interest payments remain constant while principal payments increase. 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. C) All VA mortgage loans contain a due on sale clause. AND, IT WILL PROTECT THE NEW OWNER (IF TRANSFERRED) UP TO THE UNPAID BALANCE OF THE MORTGAGE LOAN. A Georgia real estate licensee moved to Miami five months ago. It amended the Communications Act of 1934.The TCPA is codified as 47 U.S.C. 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. Write "Telemarketing Sales Rule ANPR, R411001" on your comment, and file your comment through https://www.regulations.gov. Property taxes Search the Legal Library instead. The covenant of warranty forever is included in which type of statutory deed? Subtract 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. Licensees must notify the DBPR in writing within 10 days of a change in current mailing address. Central Asia. A township has 36 parcels called "sections." Securities registered pursuant to Section 12(g) of the Act: None. Which statement is TRUE regarding the federal telemarketing law? The city has agreed to pay 25 percent of the paving cost and will assess abutting properties for the remainder. (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. (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. A buyer offered $225,000 for a seller's property. A buyer and seller enter into a contract for sale and purchase of a home. B) tenants and buyers of all residential property. Which statement is TRUE regarding comparative market analyses (CMAs)? AND, IT WILL PROTECT THE NEW OWNER (IF TRANSFERRED) UP TO THE UNPAID BALANCE OF THE MORTGAGE LOAN. Lina M. Khan was sworn in as Chair of the Federal Trade Commission on June 15, 2021. 51,904.64 x .07375 = 3,830.56 / 12 = 319.21 3. The calculated interest rate of an adjustable-rate mortgage is determined by adding which two components? deliver the deposit check to the employer by the end of business on Thursday. Tenancy in Common (no right of survivor ship, heirs inherit), Remainderman - 3rd party fee simple ownership at end of life estate by wife. Also, created a uniform statewide rating system for rating new and existing residential, commercial and public buildings. Range 1 West is located immediately west of the principal meridian and base line. C) notification that the energy-efficiency rating of the structure may qualify the buyer for an energy-efficient mortgage. Which expense is deducted to derive effective gross income? 640/4/4 = 40 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 Remainderman - 3rd party fee simple ownership at end of life estate by wife. 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? Three brothers join together to purchase property. The loan officer has three business days to give the loan applicant a copy of the information booklet. astros vs yankees cheating. The stepson's interest is that of. Restrictions on telemarketing to Florida residents are about to get tighter. Find the resources you need to understand how consumer protection law impacts your business. 414.94 - 319.21 = 95.94 principal amount for month 2. Which type of depreciation is associated with inefficient architectural design? 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. Which excerpt conforms to the rule regarding advertising? Call Lynn Amherst, Excel Realty 333-2020 (cell).

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