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Gold Coast chapter 13 The FHA does not make loans, instead It insures loans made by approved local lenders Limits the maximum FHA insured mortgage loan amounts HUD maximum loan amount FHA Insured mortgage loans must provide the borrower with the right of __________ without penalty ...

Gold coast chapter 12the instrument that contains the amount of the loan, interest rate, payment provisions, and other terms of the loan is the blank - correct answer Promissory note A mortgage is a blank - correct answer Pledge of security the clause in a mortgage that protects the borrowers...

Gold coast chapter 10which of the following best describes a contract for sale that contains a street address instead of a legal description? A. it is not valid under the statute of frauds b. It is valid only if witnessed c. It is valid, but may lead to Future dispute D. It is a violation of ...

Gold Coast chapter 10oldest method of land description and provides the most accurate type of legal description surveyors method/metes and bounds method the survey begins by giving directions from the monument to the edge of the property, which is called the point of beginning Page 171 ...

Gold Coast Chapter 9 Key TermsAbstract of title - correct answer Copies of all documents that have an effect on title placed in binder, assembled in date order, with a cover page that identifying the property called the caption page. When compiled in this fashion, called an abstract. Acknowledgm...

Gold coast chapter 6 a licensee who disagrees with a final order of the commission may ___ ___ ___ within ___ days with the ___ ___ ___ - correct answer File an appeal, 30, district Court of appeals the maximum amount that can be paid from the real estate recovery fund based on the actions of a ...

Gold coast chapter 5A trade name must be registered with the ____ ___ ___at the department of State - correct answer Division of corporations A sales associate can be a stockholder in a brokerage corporation but may not be a ___ or ___ - correct answer Officer, director A real estate brokera...

Gold Coast Chapter 4 (Updated)Caveat Emptor "Buyer beware" are synonymous with an arm's length relationship. Buyers and sellers typically operate at arm's length; the seller wants a price that is as high as possible, and the buyer wants a price that is as low as possible. Customer A custo...

Gold coast chapter 4 - questionsIn agency law, an agent that is empowered to perform a single act on behalf of her principal has a _____ agency - correct answer Special In agency law, an agent whose continuing authority is limited to a single trade or business has a _____ agency - correct answe...

Gold coast chapter 3 - QuestionsA quorum to conduct certain duties of the commission requires____ members. - correct answer Four The commission's ability to impose disciplinary action against a licensee is known as ___ power - correct answer Quasi-judicial The rule-making authority of the c...

Gold Coast Chapter 2Caveat Emptor - correct answer Let the Buyer Beware (on property defects - before statutory law) Florida Real Estate License Law - correct answer F.S. 475 FREC - correct answer The Florida Real Estate Commission "The Commission" DBPR - correct answer The Department...

Gold Coast Chapter 1:Some economists estimate that close to (blank) of the country's gross domestic product (GDP) is related to the real estate industry. - correct answer 1/3 What is a brokerage? - correct answer A brokerage is a business in which real estate-related activities are performed u...

GOLD COAST 2019 PRACTICE EXAMSWhich statement provides the basic justification for zoning? A. There must be regulations in place to prevent pollution B. The government does not want to encourage land development C. The inappropriate use of one's property may affect the value of another D. Prof...

Gold Coast 45 Hour Exam Questions (exam version H 2023)Property managers who are employed and compensated by community associations are required to obtain and maintain which type of license? CAM What term is used for the practice of specializing in one particular residential neighborhood or ...

Gold Coast - Chapter 4A sales associate is a(n) _____ of the brokers principle - correct answer Sub-Agent consent to Transition to Transaction Broker Notice is required to be ______ or ______ for transition to occur - correct answer initiated , signed If the principle refuses to sign or init...

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 Wh...

CHAPTER 12- RESIDENTIAL MORTAGESWhich legal instrument evidences the debt and states the interest rate, term, payment requirement, and other information related to the loan? (a) Promissory note (b) Contract (c) Lien (d) Mortgage - correct answer (a) Promissory note What is the functio...

** Chapter 9 - Gold Coast Real Estate HomeworkWhich instrument transfers title from one individual to another? (a) Contract (b) Deed (c) Warranty (d) Covenant - correct answer (b) Deed What does the term "title" refer to in real estate? (a) Any instrument that guarantees legal r...