One of the reasons why workers are classified into taxing categories by the federal and state governments is to ________. What must you immediately disclose to the buyer's agent and buyer? It is void because it is not for a lawful purpose. When a tax certificate is issued, it means what? My Cart: 0 item(s) Your Shopping Cart Is Empty. In the real estate business, which professional's primary role is to provide clients with the information they need to make informed decisions about their own specific real estate interests? Call Us (800) 720-1134. Which item is required to be a part of every broker's office? Which activity can you perform without a license? He no longer wants to buy Derrick's home, but his brother, Tom, agrees to take Parker's place as the buyer in the purchase contract. Which type of federally related lending transaction is covered under RESPA? What makes an income tax lien different from a property tax lien? Assuming he and the property meet the qualifications, which type of mortgage may be the best option for him? Which loan program might be tailor-made for you? Justin buys Connie's home, and in the written sales contract, he specifies that the outdoor grill must stay with the home. Request a verification of deposit within 10 days of the due date stated in the sale agreement. Jay has a listing agreement with Maury. What's the effect on prices? When they are not given in exchange for a referral and do not defray any cost you would normally have to pay. What type of agency relationship do you have with your clients? An adjustable rate mortgage has an initial interest rate of 5%. Novation releases the original party from all obligations, while assignment does not. Bank B signed a subordination agreement related to Bank C's loan. Negotiate rent of an office building for the nonprofit where you work. Blog Catalog Shop Our Catalog Request A … She likes to be involved and in charge. What's one benefit to affiliating with a broker? He pointed out that neither of the two bathrooms had vent fans installed. Which consumer protection act enacted in 1974 prohibits kickbacks and referral fees and requires written lender disclosure of estimated and final settlement costs? When a petition is made to the VAB for a property on which the taxes are delinquent, what happens? Which of the following statements is true of financing a commercial property purchase? This type of appraisal report makes use of pre-printed documents. It includes automatic survivorship rights. Know when, where, and how to seek expert assistance regarding environmental issues. What is Dashiell looking at? Poultry Cuts Poultry refers to the edible flesh, with adhering bones, of any bird that is commonly used as food. This usually equates to brown colored birds, with dark brown or black patches or banding. When she decides to start investing in real estate, which of these choices is she most likely to select as her investment vehicle? Learn vocabulary, terms, and more with flashcards, games, and other study tools. Early in its history, the Federal Housing Administration officially supported keeping "incompatible" racial groups out of the newly developed white suburbs. To determine their readiness to purchase and make sure they're not already working with another agent. Ji-eun represents the buyer, Marta, and Marta's parents, Jean and Tom, are paying Ji-eun's commission. Jimbo doesn't have a real estate license. Who usually pays Florida's documentary stamp tax on deeds? Christine listed her house with you. What's the annual interest on a $20,000 loan on which the interest rate is 6.5%? The right to access ponds, lakes, oceans, and other stationary bodies of water is ______. Privacy tools are available on most social networking sites. The term can also be used for Wild turkey and some species of wild waterfowl. Which of these sentences accurately describes the phrase "statute of limitations"? Which of the following is part of the Consumer Financial Protection Bureau's mission of consumer protection? The lender is seeking to have Kyle make up the difference. When Rhonda went to the Valley Falls apartment manager's office to request a rental application, she was told there were no vacancies. In a title theory state, which of the following is a true statement? Which of these situations requires the brokerage relationship to be disclosed? Loans for ______ purposes don't require TILA disclosure. The Millers moved to a small town and were interested in buying a house. What's part of the licensee's role in the closing process? Florida examinees are notified of their examination results by ______? Accident liability, fire, theft, and vandalism are types of _______ risk. stimulus discrimination example quizlet, Sensitivity. How many years of experience must a licensed sales associate in Florida have before applying for a broker license? Which of the following is a true statement about deducting interest on mortgages taken out in tax years between 2018 and 2025? The property in an exchange must be like-kind. _________ is the power of the government to take private land for public use. An investor is analyzing a property by looking at its ability to produce future income. Per the Termite Inspection section of the Regional Sales Contract, when must the written termite inspection report be completed? The fewer properties on the market, the greater the scarcity. Blane owns a barbershop. Florida Deceptive and Unfair Trade Practices Act. What conditions must be met to avoid violating RESPA when receiving promotional or educational materials from a mortgage company or other settlement service provider? A buyer is purchasing a home for $400,000 and is financing $300,000. Have buyers submit their "highest and best" offers and then help his seller decide which offer is most appealing. What must be done for a fee to be considered acceptable under RESPA? Who can use the term REALTOR® to refer to themselves? noun quail, quails. What needs to take place? Over the life span of owning a home, homeowners will be able to take advantage of what tax benefits? How much longer does she have left on her term? David is an active duty member of the U.S. Air Force. When structuring an offer, if a seller's need is related to obtaining a specific price, what can a buyer offer to meet the seller's need? If you're touring a property and want to know whether there's a well, what should you look for? Pamela is the lead of a team of licensed and unlicensed associates at Blue Ocean Brokerage. She is curious about whether she can plant hydrangeas next to her porch. What is the license classification for a license that is voluntarily relinquished or cancelled by the licensee who no longer wants to do business in real estate? Which of the following applies? A prostitute, so called because the quail … Robert was found guilty of violating real estate law. What might the government do if property owners fail to pay taxes on their property? He just sold his property. Her brokerage and the buyer's agent's brokerage split the commission equally between them. All parties are present and physically meet to sign and exchange documents. She'll have to pay a mortgage insurance premium (MIP). Your clients opt to pay their lender two discount points in a lump sum so they can lock in a reduced interest rate. To compute a monthly principal and interest payment, you need to know which of the following? If a seller is in breach of contract, which of the following is the possible remedy for the buyer? 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