AZURE TIDE REAL ESTATE SCHOOL EXAM (1)

AZURE TIDE REAL ESTATE SCHOOL EXAM (1) A tenant was required to pay $1200 as security deposit. Three weeks after making the deposit, the landlord passed along to the tenant by phone the mandatory information concerning his deposit of funds. Why has the landlord violated F.S. 83? - Answer-The landlord failed to notify the tenant in writing of the bank name, address, and other information regarding the deposit Sales associate Donald hired Sam as a personal assistant. Sam normally spent his day preparing marketing material under the direction of Sam. However, when Donald was out of town, Sam handled transported a contract to Donalds sellers to get it signed. What describes this situation? - Answer-This is a legal act as long as he acted only as a courier Which property is exempt from property taxes? 1) Church 2) County courthouse 3) Public school 4) Air force base - Answer-Church If the Federal Reserve votes to raise the discount rate, how will this likely affect interest rates on short-term credit? 1) They will likely increase 2) They will likely decrease 3) There will likely be no effect because the discount rate affects mortgage rates only 4) There will likely be no effect on short-term rates because the discount rate is charged directly to borrowers - Answer-They will likely increase