Chapter 61j2 - Study guides, Class notes & Summaries

Joint Ventures - ANSWERSis a temporary form of business arrangement often encountered in real estate business. Trade Names - ANSWERSis a business name other than the legal name of the person doing business. The letters T/A are used to indicate "trading as." Chapter 120, F.S. - ANSWERSAdministrative Procedures Act Chapter 455, F.S. - ANSWERSRegulation of Professional and Occupations Chapter 28, Sections 101-110 - ANSWERSDivision of Administrative Hearings (DOAH Rules), Florida Admin...

Farming - ANSWER Specilizing n one type of property or on one particular neighborhood is a practice referred to as The sale of any improved residential property 4 units or fewer, including condo units, unimproved property intended for 4 units or fewer, agricultural properties 10 acres or less, leases with options to purchase all or airtime of improved property of 4 or fewer res. Units and disposition of business interest in 4 unit bldg - ANSWER A residential transaction is defined as Indus...

Aceable Agent FL Section 2 Exam Questions & Answers 2023/2024 Florida Real Estate Commission (FREC) - ANSWER-quasi-judicial body that administers and enforces license law in FL (makes rules & hears disciplinary actions) Rules: 61J2 of Fl Admin code 61J2 FL Admin code - ANSWER-FREC rules (technically not law) - directions based on Chapter 475 Florida Statute Chapter 475 - ANSWER-FL Real Estate statutes - 4 parts 1. Brokers, Sales associates & schools 2. Appraisers 3. The Commercial R...

Florida Real Estate Exam TEST Questions WITH 100% Correct Answers LATEST UPDATE 2023/2024 Binder deposit shows up as what on closing statement? - ANSWER Credit to buyer Which of the following is true about leverage? - ANSWER Leverage is the use of borrowed funds to purchase assets. Which of the following liens would take priority? - ANSWER A property tax lien In which of the following theories of mortgage lending does the borrower not retain ownership of the property during the loan ...

Florida Real Estate License Exam Prep Questions and answers, verified/ Harold filed his application for sales associate licensure 31 days ago. To date he has not heard if his application has been approved or not. What is the status of Harold's application? - -(b) It is still pending approval until 90 days have passed. "Any application for a license which is not approved or denied within the 90-day or shorter time period, within 15 days after conclusion of a public hearing held on the ...

Farming Specilizing n one type of property or on one particular neighborhood is a practice referred to as The sale of any improved residential property 4 units or fewer, including condo units, unimproved property intended for 4 units or fewer, agricultural properties 10 acres or less, leases with options to purchase all or airtime of improved property of 4 or fewer res. Units and disposition of business interest in 4 unit bldg A residential transaction is defined as Industrial sa...

FREC Exam | Questions and Correct Solutions | Latest Update 2024/2025 | Graded A+ Chapter 475 - Answer -Real Estate Law 1) Real Estate Brokerage 2) Appraisal 3)Commercial Sales Lien Rights 4) Commercial Leasing Lien Rights Chapter 455 - Answer -Regulation of Businesses and Professions. Defines general practices and procedures for DBPR , including the practice of Real Estate FS 120 - Answer -Licensing and disciplinary procedures for Real Estate Licensees 61J2 FAC - Answer -Rules of the...

Farming - ANS one type or style of property or one particular neighborhood residential transaction - ANS *fs 475.278 *improved residential prop of 4 or fewer *unimproved prop intended for 4 units > *agricultural prop of 10 acres> *leases w/ options to purchase all or a portion of improved prop or 4 > Industrial sales or lease - ANS warehouse and manufacturing timeshare/vacation ownership - ANS *condo that is subdivided into ownership time periods...

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 customer is a member of the public who is or may be a buyer or seller of real property. Designated Sales Associate If both the seller and the buyer have assets of $1 million or more, and both reque...

FLORIDA REAL ESTATE SALES ASSOCIATE COURSE UPDATE 2023 A sales associate works under - ANSWER the direction of broker or in some cases an owner-developer A licensed appraiser is compensated for an appraisal - ANSWER with a flat fee The product/service that all real estate professionals sells is - ANSWER their expert knowledge Which area of real estate requires the highest degree of expertise - ANSWER Counseling Which Florida Administrative Code expands upon the statutory provision...