which statement is true regarding the federal telemarketing law?

Search the Legal Library instead. The TCPA restricts the making of telemarketing calls and the use of automatic telephone dialing systems and artificial or prerecorded voice messages. Which type of window is the least energy efficient? tenants and buyers of all residential property built before 1978. A duplex is scheduled to close on September 10. The extensible markup language (XML) is a markup language promoted by the World Wide Web consortium (W3C). A local lender charged 4 percent interest plus 4 points on a conventional mortgage loan. C. The applicant must apply for a broker license under mutual recognition. Monthly payments remain constant, and the interest portion comprises the majority of the payments. Which statement is TRUE regarding comparative market analyses (CMAs)? Homestead protection does not prevent foreclosure for nonpayment of property taxes, special assessments, mortgages, vendors' liens, or construction liens secured with homestead property. The statement is TRUE. 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. The loan officer did not give the loan applicant a copy of the HUD information booklet concerning settlement costs at the time of loan application. Subtract The applicant has met the requirements to become a licensed broker and is qualified to take the state license exam. "Work surface" Relying on an embodiment disclosed in the specification, the defendant contended that the scope of "work surface . A) This is a violation of the Civil RIghts Act of 1866 B) This is a violation of the Title VIII of the Civil Rights Act of 1968 C) This is permissible under the FAir Housing Act D) This is permissible only if the church is registered as having exempt status with the DBPR C) (pg. 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). The following is a robust set of proactive and reactive rules to fraud-proof and protect your good name. B) Interest payments remain constant while principal payments increase. 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 licensee sued the seller's broker and was awarded a judgment. She requests a Florida sales associate license based on mutual recognition. The process of land buildup from water-borne rock and soil is referred to as. Which statement is FALSE concerning federally related transactions? B) the creation of a uniform, statewide energy-efficiency rating system. C) All VA mortgage loans contain a due on sale clause. A closing is set for July 15. 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), The lender's policy protects the lender against title defects. Which amendment to the Florida constitution limits how much the assessed value of homesteaded property can increase in a given year? How must the broker as agent handle the security deposits and advance rent? Stay of Enforcement, if granted, stops the enforcement of a suspension or revocation in the final order pending the outcome of the appeal process. 2. 52,000 - 95.36 = 51,904.64 Under the statute of frauds, which element is required for contracts pertaining to the purchase and sale of real property (except for certain specific exceptions)? 290 x 250 = 72,500 - 47,800 = 24,700 The lender's policy protects the lender against title defects. 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? C) The seller has breached the buyer's contract, and the buyer can sue to force the seller to take a lower price. XML overcomes the limitations of hypertext markup language (HTML) and represents an important opportunity to solve the problem of protecting information distributed on the Web, with the definition of access restrictions directly on the structure and content of the document. 3. A) The federal telemarketing law exempts telephone surveyors. required by Florida law to verify that license applicants are current on child support payments. 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 broker working in a no brokerage relationship capacity with a seller can enter into a listing agreement with that seller and be paid a commission. Under the statute of frauds, which element is required for contracts pertaining to the purchase and sale of real property (except for certain specific exceptions)? 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. $276,060 total. The mortgagee's title insurance policy is ISSUED FOR THE AMOUNT OF THE MORTGAGE LOAN AND IS TRANSFERABLE. Funeral homes may not require customers to buy certain funeral goods and services as a condition for receiving other funeral goods and services. Which individual is exempt from licensure under Florida Statute 475? Many of these lawsuits seem outrageously frivolous, while others deal with incredibly serious matters. The sales associate must notify the DBPR in writing within 60 days regarding her change in residency. (Round answer to nearest dollar. Which statement is FALSE regarding earning continuing education (CE) credit by attending a legal agenda session of the monthly Florida Real Estate Commission (FREC) meeting? Vendor's Lien - equitable lien of the grantor (seller under a PMM) on the land conveyed in the amount of the unpaid purchase price, The right of the state to take property of a person who died intestate and without heirs is known as. Limited partners must register with the FREC under the limited partnership name. Transaction Broker - in a transaction broker relationship the buyer or seller is not responsible for the acts of a licensee. A buyer and seller enter into a contract for sale and purchase of a home. Tax advantages of owning a home do NOT include A) deduction of hazard insurance expense on a principal residence. Therefore. How much is the minimum cash investment on an FHA loan? The broker must retain the disclosure documents for five years even if a nonresidential transaction that used designated sales associates fails to close. Which business would be classified as a service industry? 3. Why do many second-generation Korean-American mothers, who often have negative memories of growing up under strict, intensive, achievement-oriented "tiger mothering"a term popularized by Amy Chua's bestselling Battle Hymn of the Tiger Mother (Chua 2011)reproduce certain aspects of this parenting style in raising their own children? Which request should be made by the broker's attorney so that the broker can continue to work during the appeal process? Which statement is FALSE regarding earning continuing education (CE) credit by attending a legal agenda session of the monthly Florida Real Estate Commission (FREC) meeting? (page 91). Which statement is TRUE regarding comparative market analyses (CMAs)? If you prefer to file your comment on paper, mail your comment to the following address: Federal Trade Commission, Office of the Secretary, 600 Pennsylvania Avenue NW, Suite CC-5610 (Annex B), Washington, DC 20580. Branch office of a bank is a service industry that services primarily local residents. After the closing, the licensee discovered that the seller's broker had failed to disclose latent defects. Lynn's home phone number is 333-2020. Which statement is TRUE regarding the federal telemarketing law? A) Limited partners must register with the FREC under the limited partnership name. 2,600 x 92 = 239,200 b. Calculate the reproduction cost new of the structure. 4. Management considerations is one of the disadvantages of investing in RE. The associate must. A buyer offered $225,000 for a seller's property. FL law does not require that prospective buyers and seller be represented. Lynn Amherst is a sales associate for Excel Realty. The mortgagee's title insurance policy is ISSUED FOR THE AMOUNT OF THE MORTGAGE LOAN AND IS TRANSFERABLE. Annual Gross: 450,000 - 350,000 = 100,000 x .03 = $3,000 croatia vs bulgaria prediction; he said she said wedding game; The garage is 485 square feet. Which requirement is one of the elements of a valid real estate contract? A broker is NOT required by law to notify the FREC of conflicting demands in which situation? If your lot frontage on the street is 90 feet, what is your portion of the special assessment? A township has 36 parcels called "sections." Looking for legal documents or records? RE R V RE EVERE E R Vol. B) It is in the licensee's best interest not to request reimbursement from the fund, because the licensee's license would be suspended. The seller cannot now accept the original offer, because it was killed by the counteroffer. Deductions of hazard insurance expense on a principal residence. 71,820 - 36,990 = 34,840 NOI Illiquidity; 2. Bush in 1991 and has remained the bedrock of federal telemarketing regulations ever since. What was the approximate yield on the loan? A developer advertises homes for sale with a total down payment of $2,000. Is this transaction covered under Truth in Lending Act? B) Federally related transactions do not include transactions associated with refinancing real property. Which statement is TRUE regarding this property? The licensee was unable to collect on the judgment and is considering submitting a claim to the Real Estate Recovery Fund. Which statement is TRUE regarding this situation? An official website of the United States government. Tenancy in Common (no right of survivor ship, heirs inherit), Remainderman - 3rd party fee simple ownership at end of life estate by wife. Display Type: Quantum Dot OLED Diagonal Size: 34.18" Curved Screen: Yes (1800R) Adaptive-Sync Technology: NVIDIA G-SYNC ULTIMATE Built-in Devices: USB 3.2 Gen 1 hub Aspect Ratio: 21:9 Native Resolution: 3440 x 1440 . The answer is ACCRETION. Deed is considered voluntary because it's under the owner's control. 30 Days - if landlord is making a claim on the deposit, the landlord has 30 days to notify the tenant of the claim. Federal and State Laws, Regulations, and Related Court Decisions Executive Orders and Other Presidential Actions The president creates many documents to issue orders and make announcements. What is the annual rent for the year if the annual gross sales are $450,000? The Florida Real Estate Commission (FREC) issued a seven-year suspension of a broker's license. Which amendment to the Florida constitution limits how much the assessed value of homesteaded property can increase in a given year? 24,700 / 47,800 = 52% profit. Memo from Chair Lina M. Khan to commission staff and commissioners regarding the vision and priorities for the FTC. Less than $50,000 = $25,000 The seller is still owed the entire amount of the purchase price. Federally related transactions do not include transactions associated with refinancing real property. The calculated interest rate of an adjustable-rate mortgage is determined by adding which two components? Complaint resolution for homeowner associations is provided by which division of Florida government? Includes: False - All VA mortgage loans contain a due on sale clause (page 265), 3.5% is the minimum down payment on a FHA loan. Save our Home (SOH) regulates that the assessed value of a property can only increase 3% annually or the % change of the CPI for the preceding year; whichever is LESS. Which statement is TRUE regarding the federal telemarketing law? Savings associations can sell existing mortgage loans to which entity? 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. 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. Servicing disclosure statement. How will the property taxes be entered on the closing statement? What is the final step in the real estate sale process? Remainderman - 3rd party fee simple ownership at end of life estate by wife. The loan officer did not give the loan applicant a copy of the HUD information booklet concerning settlement costs at the time of loan application. 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? Implement the comprehensive plan -local gov't exercise police power by regulating and controlling the use of land and structures within designated land-use district or zoned. (EDGAR Online via COMTEX) -- false 0001564406 0001564406 2023-02-08 2023-02-08 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM. Total $26,000, Tax advantages of owning a home do NOT include, Deductions of hazard insurance expense on a principal residence. 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. Listed here are some FTC laws about specific marketing practices and the promotion of products and services in specific industries. It's one mile square of 640 acres. astros vs yankees cheating. D) Federally related transactions include transactions for the sale, lease, or purchase of real estate. A complaint legally sufficient if it contains facts indicating that a violation of any of the following has occurred. Licensees must notify the DBPR in writing within 10 days of a change in current mailing address. C) Sellers decide they do not want to sell the property and refuse to allow the broker to release buyer's earnest money deposit. Referred to as Florida's "Mini-TCPA," this new law, CS/SB 1120, updates the Florida Consumer Protection Law and the Florida Telemarketing Act. A. C) notification that the energy-efficiency rating of the structure may qualify the buyer for an energy-efficient mortgage. Residential leases are usually gross leases. Before sharing sensitive information, make sure youre on a federal government site. A complaint legally sufficient if it contains facts indicating that a violation of any of the following has occurred. The seller refuses to sign a release of the buyer's earnest money deposit and demands receipt of the deposit for himself. All national chartered commercial banks are members of which entity? The total square footage of the livable area is 2,600. The land value is 20 percent of the total acquisition cost. Standard Message & data rates may apply. The assessed value of an 88-year-old legally blind widow's condominium is $49,500. The seller is still owed the entire amount of the purchase price. The right of the state to take property of a person who died intestate and without heirs is known as. How much of the $414.94 monthly payment paid in month two will apply to principal? THIS AGREEMENT AND PLAN OF MERGER AND REORGANIZATION (this "Agreement") is made and entered into as of February 19, 2014(the "Agreement Date"), by and among Facebook, Inc. And some rules can even vary within a state. The FTC's Telemarketing Sales Rule helps protect consumers from fraudulent telemarketing calls and gives them certain protections under the National Do Not Call Registry. The tenant has what type of lease? However, there is a law found in Section 365.1657, Florida Statutes, that prohibits sending an unsolicited advertisement by fax machine within the state. Stay of Enforcement, if granted, stops the enforcement of a suspension or revocation in the final order pending the outcome of the appeal process. Deed is the written instrument to convey an interest in real property. The brokerage relationship disclosure requirements in Chapter 475, Florida Statutes, do NOT apply to which transaction? ), $475,000*.8 = $380,000 / 39 years = $9,744. (page 247). 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. Which document must a prospective buyer of an existing (resale) condominium unit receive? A licensee may not earn credit for attending a FREC meeting if the licensee is on the legal agenda for disciplinary action. AN ACT RELATIVE TO RESTRUCTURING THE ELECTRIC UTILITY INDUSTRY IN THE COMMONWEALTH, REGULATING THE PROVISION OF ELECTRICITY AND OTHER SERVICES, AND PROMOTING ENHANCED CONSUMER PROTECTIONS. What is the adjusted sale price of the comparable? In one of the more upsetting high-profile lawsuits, Vanessa Bryant has just reached a final . Within how many days must a landlord notify a tenant of intentions to claim part of the security deposit? Open listing allows the seller to list the property with multiple brokers. Legally Blind: $500 Lease Agreements longer than 1 year D) The seller cannot now accept the original offer, because it was killed by the counteroffer. Local government can recover the cost of widening a street in an existing neighborhood by charging the neighborhood property owners a. (page 267). 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. 1. transactions for the sale, lease or purchase of RE 2. refinancing of real property or interests in real property C) The loan officer can be fined by the Department of Housing and Urban Development (HUD). A local lender charged 4 percent interest plus 4 points on a conventional mortgage loan. . Statutes change, so checking them is always a good idea. Which statement regarding a limited real estate partnership is TRUE? a statement by you that you have a good faith belief that the disputed use is not authorized by the copyright owner, its agent, or the law; a statement by you, made under penalty of perjury, that the information provided in your notification is accurate and that you are the copyright owner or authorized to act on the copyright owner's behalf. Service and charges (a) It shall be the duty of every common carrier engaged in interstate or foreign com A satisfaction of mortgage is given by the lender to the borrower when the loan is paid off, must be sent to mortgagor within 60 days. You are appraising a four-year-old, single-family residence. Which statement about the economic concept of demand is FALSE? (page 99), Moral Turpitude involves conduct contrary to honest, good morals, accepted custom (i.e. Yes, because this is an example of bait-and-switch advertising, and it is illegal. Prohibits telemarketers from calling Arizona residents between the hours of 9 p.m. and. The broker decides to appeal FREC's final order. 485 x 76 = 36,860 Which property is immune from property taxes? required by Florida law to verify that license applicants are current on child support payments. The covenant of warranty forever is included in which type of statutory deed? Which solution is NOT a remedy for the breach of a real estate sale contract? a. Which solution is NOT a remedy for the breach of a real estate sale contract? allows a sales associate or broker associate employed by an owner-developer to sell property for all the affiliated entities owned by the developer. B) Real estate licensees may advertise their residential listings by faxing promotional flyers to a list of local businesses and hospitals that are on the do-not-call list. (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. what is edgar xbrl validation errors and warnings. The seller refuses to sign a release of the buyer's earnest money deposit and demands receipt of the deposit for himself. 1. 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). 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. Which list of appraisal methods is unique to the appraisal of business enterprises? (page 372), Municipal Airport - immune properties are city, county, state and federal gov't properties, Special Assessments are one-time taxes levied on properties to help pay for some public improvement that benefits property - typically levied on a front foot basis or per hookup basis for utility and sewer improvements. The seller told her broker that she was revoking the counteroffer and accepting the buyer's original offer. The landlord pays the property taxes, hazard insurance, and maintenance expenses. A) Seller and buyer both claim the earnest money deposit. The land value is 20 percent of the total acquisition cost. 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? Reproduction cost: Jalousie - window is almost impossible to seal; therefore, it's the lease energy efficient. The referring tenants do not hold real estate licensees. Reply 'STOP' to unsubscribe from SMS service. The developer sold the lots for $250 per front 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. Which expense is deducted to derive effective gross income? On the first of the month, the seller collected total rent for September amounting to $950. A written contract for sale and purchase of commercial property that used designated sales associates failed to close. Which statement is TRUE regarding this situation? A comparable property recently sold for $315,000. Liquidation analysis, reproduction cost analysis, and income capitalization analysis (and comparable sales analysis). Seller refuses to sign the release of escrow funds. The telemarketing class action lawsuit accuses Connected Investors of violating the TCPA with unsolicited prerecorded voice message advertisements. 1. Which statement is TRUE regarding the federal telemarketing law? A duplex is scheduled to close on September 10. Ginnie Mae (GNMA) serves as a guarantor of mortgage-backed securities. A sales associate receives a deposit from a buyer on Wednesday morning. Which expense is deducted to derive effective gross income? Lynn is preparing a classified ad for a listed property. Tenancy at Will - if the tenant's holding over is continued with the written consent of the lessor, the tenancy becomes a tenancy at will under FL law. Which individual is exempt from licensure under Florida Statute 475? All national chartered commercial banks are members of which entity? Which requirement is one of the elements of a valid real estate contract? The building has an effective age of five years. Which statement is TRUE regarding this situation? The buyer did not accept the seller's counteroffer. A) Only veterans, surviving spouses of veterans, and active military personnel are eligible to apply for a VA loan. Deeds and Mortgage Instruments An individual who repeatedly writes bad checks can be charged with, Moral Turpitude involves conduct contrary to honest, good morals, accepted custom (i.e. Which statement is TRUE regarding this situation? A real estate broker has been hired to manage an apartment complex on behalf of the landlord. A commercial tenant pays a fixed rent each month. 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. Property taxes are paid in arrears - so seller has paid no taxes that month. 3.5% is the minimum down payment on a FHA loan. A lease calls for annual minimum rent of $14,500 plus 3 percent of annual gross sales in excess of $350,000.