Bill of interpleader - Study guides, Class notes & Summaries

FLORIDA REAL ESTATE EXAM $50,000 - ANSWER-Single judgement from Real Estate Recovery Fund .1 acre - ANSWER-43,560 square feet .1 bath in a 4 bed home - ANSWER-functional obsolescence .1 mile is - ANSWER-5,280 feet long .1 section contains - ANSWER-640 acres .1st step- city establish property tax rate - ANSWER-Estimate a budget .2 or more businesses combine their efforts - ANSWER-Joint venture .3...

Licensees have to be experts in all the following? - Answer- Marketing, Valuation, Property Transfer What is farming? - Answer- When licensees concentrate on ONE type, style of property or particular neighborhood In a business brokerage, what is the "going concern value" ? - Answer- (COMBINED ASSETS OF A BUSINESS) value of the business, which includes income, intangible vs tangible, goodwill and value of real property In Construction & Development, tract building is? - Answer- involve...

False - correct answer Surface rights consist of only the right to control, occupy, and use the surface area of a parcel of real estate. T/F? D - correct answer Mineral rights are: A. Always considered to be personal property B. Always pass with the land C. Cannot be sold separately from the land D. Pass with the land, unless otherwise specified in the deed C - correct answer Which of the following is NOT an improvement of land? A. Building B. Sidewalk C. Corn crop D. Flower bed ...

Prorating Rent - Answer- paid in advance monthly rent collected by the seller for the month must be divided between seller and buyer Areas of expert knowledge required for all real estate licensees? - Answer- 1. Property Transfer 2. Valuation 3. Marketing (Not accounting or construction) Real estate licensees can perform valuations under the real estate license law if the valuation is not to be used _________. - Answer- in a federally related transation real estate licensees usuall...

Areas of expert knowledge required for all real estate licensees? - Answer- 1. Property Transfer 2. Valuation 3. Marketing (Not accounting or construction) Real estate licensees can perform valuations under the real estate license law if the valuation is not to be used _________. - Answer- in a federally related transation real estate licensees usually prepare... - Answer- CMAs or give a BPO. They do NOT perform appraisals Does Florida have a reciprocity with any other state with regard...

what are the 3 areas that a licensee are required to have expert knowledge? - Answer property transfer, valuation, marketing when a developer acquires a large tract of land and records a subdivision play map, and uses a model center from which sales are made is called? - Answer tract building focusing on one type or style of property or a particular neighborhood - Answer farming/farm area sales associate who wishes to apply to be a broker must have - Answer 24 months under one or more a...

False - ANSWER-Surface rights consist of only the right to control, occupy, and use the surface area of a parcel of real estate. T/F? D - ANSWER-Mineral rights are: A. Always considered to be personal property B. Always pass with the land C. Cannot be sold separately from the land D. Pass with the land, unless otherwise specified in the deed C - ANSWER-Which of the following is NOT an improvement of land? A. Building B. Sidewalk C. Corn crop D. Flower bed A - ANSWER-Six months a...

Gold Coast Real Estate Exam 2024 With Complete Solutions Equity of Redemption - answerCant foreclose because of credit history Tract building - answerCookie cutter homes moratorium - answertemporary delay for a building project (ex. insufficient utilities are in that area yet) Attorney-in-fact - answerA person given the authority to act on behalf of another under a power of attorney. (ex. signing documents) Special Agent - answerauthorized under agency law to execute a single act Group ...

Aure Tide realty End of Course practice exam already passed A Florida real estate sales associate who moves and becomes a nonresident of Florida must notify the Commission of the change of residency within how many days? 60 In case of breach by the buyer, most real estate contracts include a provision that the earnest money be regarded as Liquidated damages to the seller Subordination of a mortgage is: A later mortgage taking priority to the original Buffer Zone is an area of land that: Sepa...

What is the form you sign that says you will pay the loan back ? - ANSWER promissory note What is the post licensing grace period after first expiration ? - ANSWER none Deposits is a form of... - ANSWER valuable consideration Physical land and improvements - ANSWER real property Is it a violation if a sales associate work for two brokers Monday-Friday, and Saturday and Sunday and getting paid commission from both - ANSWER Yes What is the maximum fine per offense ? - ANSWER $5,000 ...