Florida business entities - Study guides, Class notes & Summaries

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 - Answer- True Purchasers of a timeshare plan have a ten day contract rescission period in which to cancel the purchase - Answer- True The Florida Fair Housing Act prohibits discrimination on the basis of handicap - Answer- True A valid Declaration of Condominium must contain easements for ingress and egr...

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? - An...

Chapter. 3 - Gold Coast Real Estate HomeworkThe Department of Business and Professional Regulation has the authority to issue all of the following, EXCEPT: (a) A cease-and-desist order (b) A subpoena (c) An injunction (d) A notice of noncompliance - correct answer (c) An injunction What is the maximum number of years a member may serve on the Florida Real Estate Commission? (a) 4 (b) 8 (c) 12 (d) No maximum - correct answer (d) No maximum Which statement is true reg...

Chapter. 3 - Gold Coast Real Estate Homework correctly answered 100%The Department of Business and Professional Regulation has the authority to issue all of the following, EXCEPT: (a) A cease-and-desist order (b) A subpoena (c) An injunction (d) A notice of noncompliance - correct answer (c) An injunction What is the maximum number of years a member may serve on the Florida Real Estate Commission? (a) 4 (b) 8 (c) 12 (d) No maximum - correct answer (d) No maximum Whi...

What is a legally binding agreement? correct answers 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...

Florida Real Estate Class Final Exam Questions and Answers 100% Pass A Business Broker - Correct Answer ️️ -Specializes in the sale, purchase or lease of businesses. Is required to have a real estate license and may be licensed as a real estate broker or sales associate Follow-Up is - Correct Answer ️️ -Keeping in contact with the new owner after the closing of the sale A builder constructs a house on an owner's lot according to the owner's plans and specifications. This is cal...

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 correct answers True Purchasers of a timeshare plan have a ten day contract rescission period in which to cancel the purchase correct answers True The Florida Fair Housing Act prohibits discrimination on the basis of handicap correct answers True A valid Declaration of Condominium must contain easements f...

Gold Coast End of chapter Questions 1-19 Exam Questions and Answers 100% Pass Which of the following statements is true regarding a mortgage loan originator? - Answer- A mortgage loan originator must have a separate license. A real estate appraiser's fee for professional service is based on which of the following? - Answer- The time and difficulty of the appraisal Which of the following best describes the real estate brokerage business? - Answer- Service Business When a developer comple...

220 - Florida Statutes & Rules, Unauthorized Entities & Ethics Test Questions - Unit 17 What are the limits on lines and products the Customer Representative may handle? - answer-A customer representative may handle insurance business the specific supervising insurance agent is appointed to handle. Why are Professional Employer Organizations (PEO) or Employee Leasing Companies not exempt from state regulation? - answer-A. Florida Statute 468.529 prohibits PEOs from sponsoring self-insure...

Florida Funeral Laws Exam Questions and Answers Alternative Container - Correct Answer ️️ -Unfinished wood box or other nonmetal receptacle or enclosure, without ornamentation or a fixed interior lining, that is designed for the encasement of human remains and that is made of fiberboard, pressed wood, composition materials, or like material At-Need Solicitation - Correct Answer ️️ -Any uninvited contact by a licensee or his or her agent for the purpose of the sale of burial service...