The ratio which is determined by dividing the company's liabilities by its value and the higher the ratio, the greater the risk is? An appraiser selecting the highest use a property can have to get value. Which of the following statements is true? Or the sales escrow account? A) Salaried employee of a company selling real estate owned by the company as part of the employee's normal work-related duties B) Individual serving as a personal representative and acting within the statutory limits of that designated role C) Person conducting an auction of real property D) Person selling cemetery lots for compensation, The answer is person conducting an auction of real property. Yes. (d) The Secretary answers to the state legislature in the performance of duties. A broker's listing agreement specifies that 5 percent commission is to be paid on the sale price. He notes that the broker had not changed enough rent to tenants to make the type of profit that the owner wanted. The sales associate for the firm lists and sells the property and is to receive 55 percent of the total sale commission. 8. What requirements must be met before you can get a Florida real estate license for mutual recognition agreement? A cooperative association IS ALLOWED to conduct commercial business and to convey, sell, or buy its own property, but it cannot be registered as a real estate broker. THE BROKER MUST REGISTER THE NEW BRANCH LOCATION AND PAY THE BRANCH OFFICE LICENSE FEE. The board member does not need a real estate license as long as the salary and bonuses are not associated with any particular real estate transaction. There are four categories of questions found, which. The Florida real estate commission does not have the authority to impose what penalty? D) Because the sales associates are not permanently assigned to the model home and closings are not conducted at the site, the model home does not have to be registered as a branch office. The Manager. The vacancy rate is 5%. The answer is misdemeanor. How many days will a party to the hearing have to file an exception to the Recommended Order? $27,000 monthly requirement $980.00 = 27.55 sales required. 15 days C. 25 days D. 30 days. A. When a seller has assets of more than $1 million and has requested a designated sales associate. A broker is qualifying for several different real estate companies in this situation a broker should request a? This is known as what type of advertising? A listing agent who shows property for a seller to a ready, willing and able buyer has certain obligation to the buyer. Three brokers decide to lower their commission rates to 3% in hopes of driving a discount broker out of business this is defined to as? The answer is the employee must hold a real estate license because he receives compensation based on sales. A grade of 30 points (75%) or higher is required to pass the exam. The case for specific performance occurs when: The seller refuses to close and the buyer still wants the house. An unlicensed individual may NOT hold which position in a brokerage business entity? FREC fined a real estate licensee $5000 under what authority does this discipline fall? A sales associate wants to call prospects for the purpose of soliciting new listings. e. Her iconic memory disrupted her encoding of the number. Accounts receivable C. Cash in checking account D. Plant and equipment. The broker had received an Earnest Money Disbursement Order from the FREC. The corporate must be registered with the DBPR on behalf of FREC because it is involved in real estate sale and lease negotiations. The statement is FALSE. 2. Sharing a portion of the commission with a party to the transaction is an example of a legal kickback or rebate, Explain the FSBO exception related to the Do not call registry related to Florida and Federal law. A. It's a statement of how the business profited last year. A hurricane damaged a large number of homes along the beach. The broker may compensate the FHA employee because the FHA pays his salary. registered with the firm must be either officers or directors. He has a monthly service charge of $12.00. Divide the gross income required by the number of sales associates: $346,000 9 = $38,444. Insurance is a fixed cost because it does not fluctuate proportionately with revenues. A) Inactive real estate licensee B) Active member of The Florida Bar C) Individual who has received a four-year degree in real estate D) Nonresident licenseeTerm. The broker should have a minimum of six months' operating expenses plus her start-up costs. A real estate application expires after what period of time? The licensee worked for a Texas broker but recently moved to Florida. Which document provides the direction for an organization as well as all the steps and procedures involved in accomplishing its goals? A salesperson employed by a real estate developer who receives a salary plus commission for each lot the salesperson sells is exempt from real estate licensure. The answer is A) THE BROKER MUST GET WRITTEN PERMISSION FROM ALL PARTIES TO THE TRANSACTION BEFORE PLACING THE FUNDS INTO AN INTEREST-BEARING ACCOUNT. What minimum amount of cash should she have available before starting up? A)First degree misdemeanor B)Third degree misdemeanor C)Third degree felony D)Second degree misdemeanor, The answer is A) FIRST DEGREE MISDEMEANOR. A) Auction real property B) Exchange real property C) Finance real property D) Appraise real property. Real estate licensees on active duty with the U.S. Army are required to renew their licenses: within six months after discharge. C) religion. An involuntary inactive license will expire and become null and void after one year. B) It is a plea of no contest. Yes, the broker can accept the sailboat so long as the seller is aware of the terms and conditions and the lack of liquidity of the boat. A)Limited partnership B)Limited liability company C)Sole proprietorship D)Cooperative association. Is a broker allowed to abbreviate the brokerage company's name in newspaper advertisements of homes for sale? It's a statement of liabilities of the company. Brokers are not required to place the names of the sales associates on the entrance sign. When paid, the county will issue a Business Tax Receipt. A real estate licensee advertises a property for sale that is listed by the company, but fails to disclose in the ad that the property is being advertised by a real estate company. Add $34,000 start-up costs to get the minimum cash required of $106,000. The broker had unlisted checks of $1,456,000 and unlisted withdrawals of $78,000. An appraiser uses the cost of a building's replacement cost by estimating the cost of the raw materials used to build the building plus the additional cost of labor, materials etc. A broker works for more than one real estate company. The questions on my assessment will include true true/false questions, false true/false questions, fill-in-the-blank, multiple choice, and . People who engage in a business, profession, or occupation in Florida must pay a business tax every year. Mediation, Arbitration, Litigation, Escrow disbursement order (EDO). All of the following are true about Florida real estate disclosure laws EXCEPT: Disclosure rules do not apply to the rental or leasing of real property unless an option is given. The answer is 3, revert to involuntary inactive status. or her license must be placed on inactive status. What type of rights are associated with moving water? The Alabama licensee A) must complete the real estate prelicense course and pass a 40-question Florida-specific real estate law exam. Disclosure rules do not apply to nonresidential transactions. The answer is pays a higher commission to a sales associate than is customary. b. Owner-employers and brokers are registered and licensed. If the broker does NOT renew the license by the end of the license period, the license will automatically 1. expire 2. revert to voluntary inactive status 3. revert to involuntary inactive status 4. be canceled. (b) The Secretary is appointed by the Governor. Monthly expenses of $12,000 6 months = $72,000. A real estate agent has been licensed in Texas for one year. In a social context, what is the term value used to describe? $9,692 C. $16,154 D. $3,489, The answer is $6,462. Broker Bill received a sailboat as an earnest money deposit for the purchase of a luxury condo. Does the buyer have cause to be upset? C. If failing the end-of-course exam, the student must repeat the entire course before retesting. C) The employee must hold a real estate license because he receives compensation based on sales. The buyer is angry and threatens not to close if the bird house is not returned, since the buyer considers the bird house a fixture on the property. The seller refuses to fix a broken window. B) marital status. What action must the licensee take regarding the Florida license? An employee of a real estate developer sells homes in a new subdivision. Disclosure rules do not apply to auctions. What should Susan do with this information? In addition to a salary, he receives a $500 bonus for each home he sells after meeting his monthly quota of home sales. What action does not terminate a brokerage relationship? An appraiser must follow specific guidelines to do an appraisal, where a sales associate follows his broker's direction to do a CMA. C) It is an order by a court of law to stay the sentence. Business intangibles differ from personal intangibles in what way? Eight months following expiration of the broker's initial license, the licensee requested a post-license hardship extension. A) Annual budget B) Business plan C) Sales program D) Mission statement. A CMA gives a range of value while an appraisal gives an opinion of value. A) Name of the sales associates B) Trade name, if one is used C) Licensed Real Estate Broker D) Name of the broker, Which statement can be included in a classified advertisement? Interacts with customers, offering assistance and responding to queries about products and purchases . There is a limited exception in Florida that DOES NOT apply on the Federal level. It's a projection of income in the future and should be labeled as such. The broker cannot receive money from the Recovery Fund because he gave the earnest money to the wrong person. However, if a broker pays for insurance or pensions, has behavioral control about how or when the associates work, or fails to have a written employment agreement stating that the associate is an independent contractor, the IRS may deny the status. A) Type of relationship B) Behavorial C) Financial D) Motivation. C. be a Florida resident.
abandoned homes for sale in south dakota
Danuta Salwa: malarstwo ludowe i abstrakcyjne, decoupage, szczęśliwe kropki, dekoracje
