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 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...

Florida Claims Adjuster Exam, 6-20 All Lines Adjuster- Florida- Review Already Passed Peril Something that causes a loss. Hazard Something that increases the probability that a loss will occur. Warranty A policy condition, either based on information in the insureds application or inserted by the insurer. It is a guarantee of a fact. Misrepresentation An untrue statement by the insured, made in an application for insurance but which does not become a part of the policy. Concealment The fail...

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...

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...

FLORIDA CDR QUESTIONS AND ANSWERS ALREADY PASSED The department can, on the power of its own initiative, administer oaths, take depositions, issue and serve Subpoenas, and compel the attendance of a witness and the production of books, paper, documents, or other evidence. True In order to transport prescription drugs, which of the following entities must obtain a permit from the department of business and professional regulation's (DBPR)? Freight forwarders A Director, officer, trustee, part...

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...

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...

Entire Contract Provision - ANSWER found at the beginning of the policy, saying that the policy cannot refer to any outside documents as being part of the contract and prohibiting the insurer from making any changes to the policy after it has been issued. (can only make good changes not bad) Insuring Clause - ANSWER sets forth the company's basic promise to pay benefits upon the insured's death. Free-Look Provision - ANSWER gives policyowners the right to return the policy for a full pre...

Office of Financial Regulation (OFR) - The Office. Regulatory authority in Florida. Responsible for overseeing banks, credit unions, savings associations, etc. Licenses and regulates non-depository finace entities. Financial Services Commission (The Commission) The head of the Office of Financial Regulation and the Office of Insurance Regulation. Its memebers include the Governor, Attorney General, Chief Financial Officer and Commissioner of Agriculture Commission. responsible for final...