Term
| Which statement is false regarding a corporation for profit that is doing business as a real estate broker? |
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Definition
| All Stockholders must be registered with the FREC as inactive brokers |
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Term
| A broker who changes the business address must notify the commission of the address change within how many days? |
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Definition
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Term
| In relation to section 1 of a township, section 12 is due...? |
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Definition
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Term
| A man is a 72 year old retired college professor. The local lender to whom the man applied for a 30 year mortgage denied the mans loan application, even though he has sufficient income from his pension plan and an excellent credit history....? |
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Definition
| The lenders actions violate the equal credit opportunity act |
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Term
| Essential elements of a deed do NOT Include...? |
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Definition
| signature of a competent grantee |
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Term
| A person must hold an active real estate license if, for express or for implied compensation, the person....? |
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Definition
| advertise a list of available rental properties |
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Term
| Individuals who solicit mortgage loans, accept applications for mortgage loans, and negotiate the terms of new mortgage loans on behalf of a borrower are called mortgage...? |
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Definition
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Term
| The Florida Real Estate Commission (FREC) is empowered by law to |
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Definition
| reprimand, fine, or otherwise discipline licensees |
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Term
| If a seller refuses to pay a broker her sales commission after the residential property is sold, the broker may...? |
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Definition
| Refuse to permit the closing to occur |
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Term
| If you have located a township numbered T2S, R4E, the township due south of that township is....? |
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Definition
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Term
| In Florida Real Property is assessed on Jan1 of each year, and property taxes become a lien on the property on...? |
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Definition
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Term
| Brokers should not accept the task of appraising a parcel....? |
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Definition
| If their faces are contingent on the appraised value |
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Term
| Which Information is confidential? |
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Definition
| An examinee's grade on the state licensing examination |
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Term
| A Prospective tenant purchased a rental list from a broker and then rented a duplex that the list said included all utilities. The tenant discovered that only water was included in the rent and notified the broker within the legislated time limit. The tenant is entitled to....? |
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Definition
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Term
| A real estate company represents a motel owner who wishes to list one of the motels for sale. The owner has told the listing agent that he does not want to sell the motel to any racial minorities. Which statement is TRUE?? |
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Definition
| To refuse to sell or lease any real property based on one's race is a violation of the Federal Civil Rights Act of 1866 |
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