Florida business entities - Study guides, Class notes & Summaries

Florida. Business Entities

CAM Final Test 1 Questions & Answers 2024/2025 What is a legally binding agreement? - ANSWERSIt is structured by formal, legal documents that define property rights, rules and restrictions It grants rights and/or imposes liabilities and responsibilities on the community association and members It provides governance, business, and communal aspects of administering, maintaining and enhancing the property Could also be considered a "contract" What is a legally binding agreement ...

1. The real estate market is local in nature what does that mean? - ANSWER Information about real estate can best be found through local sources, which makes the real estate market local in nature 2. You would expect a real estate licensee to perform all of the following activities, EXCEPT: A. Providing expert knowledge about construction methods and materials B. Providing expert knowledge to members of the public in the performance of specified services of real estate C. Following up wi...

What is a legally binding agreement? Answer - It is structured by formal, legal documents that define property rights, rules and restrictions It grants rights and/or imposes liabilities and responsibilities on the community association and members It provides governance, business, and communal aspects of administering, maintaining and enhancing the property Could also be considered a "contract" What is a legally binding agreement referred to in certain community associations? Answe...

A Community Association is generally defined as real or personal property, owned by two or more entities, which share the responsibility for the costs of maintenance and administration True Purchasers of a timeshare plan have a ten day contract rescission period in which to cancel the purchase True The Florida Fair Housing Act prohibits discrimination on the basis of handicap True A valid Declaration of Condominium must contain easements for ingress and egress to all units and t...

Sales Associates knowledge should include Property transfer, market conditions, how to market real estate and businesses Al licensed or certified appraiser is always required when an original loan is federally related If a sales Associate moved from Florida to San Diego to work for the same Broker The commission must be notified within 60 days A Florida Resident is defined as a person who has been/intends to reside in Florida for 4 months Individiuals who earned a...

Florida Real Estate Final Exam Prep (Latest 2023/ 2024 Update) Questions and Verified Answers| 100% Correct| Grade A Q: Tom intends to make application to become a Fla real estate sales associate. He must have a Social Security number, a high school diploma, be over 18, and be competent to negotiate. What is not required? Answer: To be a US Citizen Q: Mary has a 4 year degree in real estate. Mary must still attend the pre-licensing course and post-licensing education. What class...

Gold Coast End of chapter Questions 1-19 Questions With Verified Answers. Which of the following statements is true regarding a mortgage loan originator? - answerA mortgage loan originator must have a separate license. A real estate appraiser's fee for professional service is based on which of the following? - answerThe time and difficulty of the appraisal Which of the following best describes the real estate brokerage business? - answerService Business When a developer completes constr...

LIFE, HEALTH & VARIABLE ANNUITY (2-15 EXAM) QUESTIONS AND ANSWERS LATEST UPDATE 2024/2025 (100% Solved) An owner is worried that employees will help themselves to products on the shelf without paying for them. This is an example of what type of hazard? - CORRECT ANSWERS Moral Hazard Won't fly an airplane, never drives a car and keeps money out of the stock market is known as what type of risk ? - CORRECT ANSWERS Risk Avoidance Only pure risk is insurable. TRUE or FALSE? - CORRECT ANSWERS T...

LIFE, HEALTH & VARIABLE ANNUITY (2-15 EXAM) QUESTIONS AND ANSWERS LATEST UPDATE 2024/2025 (100% Solved) An owner is worried that employees will help themselves to products on the shelf without paying for them. This is an example of what type of hazard? - CORRECT ANSWERS Moral Hazard Won't fly an airplane, never drives a car and keeps money out of the stock market is known as what type of risk ? - CORRECT ANSWERS Risk Avoidance Only pure risk is insurable. TRUE or FALSE? - CORRECT ANSWERS T...