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Gold Coast real estate,Practice final exam.
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Gold Coast real estate,Practice final exam.
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Gold Coast real estate,Practice finalexam.
Realtor - -100 test
-A 40,000 mortgage for a term of 20 years was originated at an 8%interest
rate,with monthly mortgage payments of 334.58 what is the principal
balance remaining after the second monthly payment ? - -$39,863.72
-If the price of a lot $9 per square food how many square feet are contained
in a lot that sells for 27000 - -3,000
-what is the tax levy of a non-homestead property that is as seed at 36000
with a tax rate of 11 mills? - -$396
-When must a written no brokerage relationship notice be provided to
customers? - -Before showing homes that are listed
-Which of the following cannot be used by the federal reserve to change or
control tHe money supply - -Alter income tax rates
-A broker has an exclusive right of sale listing to sell an owner,s propertY
with no others authority granted .what type of agency does the broker have
with the principal? - -Special agency
-A licensee is being disciplined by the FREC for multiple violations of f.s.475
which penalty may the commission not impose? - -A fine not go exceed
5,000 and or imprisonment not to exceed one year
-A judgment is awardes against a licensee for 100,000.what is rhe maximum
the complainnant may be compensated fromthe realestate recovery fund? -
-50%
-What terms is applies to the practice of keepi low-income people out of a
psrticular neighborhood? - -Exclusionary zoning
-A transactionbroker - -Owes limited confidentiality to both parties
-Foreclosureon the propedty teenan redeem in home what is term - -
Statutory right of redemption
-Which term is used to refer to the difference between: current market value
of for a property and the amount the owner still owes on the mortgage - -
Equity
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