which statement is true regarding the federal telemarketing law?

Licensees must notify the DBPR in writing within 10 days of a change in current mailing address. The street in front of your house is to be paved at a cost of $45 per foot. In 1991, Congress adopted the Telephone Consumer Protection Act (TCPA) to restrict the use of automatic telephone dialing systems and artificial or prerecorded voice messages (robocalls). A gross lease is a lease in which the tenant agrees to pay a fixed rental amount, and the landlord pays all expenses related to the property such as real estate taxes, insurance, and maintenance costs. Which characteristic is a disadvantage of investing in real estate? Which statement is FALSE regarding earning continuing education (CE) credit by attending a legal agenda session of the monthly Florida Real Estate Commission (FREC) meeting? If your lot frontage on the street is 90 feet, what is your portion of the special assessment? Monthly payments remain constant, and the interest portion comprises the majority of the payments. Listed here are some FTC laws about specific marketing practices and the promotion of products and services in specific industries. The constitutional homestead law protects real property from forced sale to satisfy which type of delinquent debt? Under the statute of frauds, which element is required for contracts pertaining to the purchase and sale of real property (except for certain specific exceptions)? The contract is contingent on a radon test. The total square footage of the livable area is 2,600. Similarly, a brokerage firm working in a no brokerage relationship capacity can work with a buyer. What is the final step in the real estate sale process? The settlement benefits consumers who received one or more prerecorded voice messages regarding Connected Investors' goods and services between April 28, 2017, and Sept. 26, 2022. Section 31 would be located in which corner? The broker must retain the disclosure documents for five years even if a nonresidential transaction that used designated sales associates fails to close. Real estate licensees may contact their former customers for up to 18 months following the closing of a transaction, even if the customer's name is on the national registry. Which statement is TRUE regarding this practice? The assessed value of an 88-year-old legally blind widow's condominium is $49,500. FL law does not require that prospective buyers and seller be represented. Lynn's home phone number is 333-2020. Florida's telemarketing law became invalid when federal telemarketing laws were implemented. Market is local in nature; 3. Which property is immune from property taxes? A developer purchased two 145-front foot lots for $23,900 net each and divided them into three lots of equal front footage. To obtain a stay of the final order, the district court of appeals must issue a writ of supersedes to stop the enforcement pending the outcome of the appeal process A licensee who is issued a citation may be ordered to, Citations involve fines that currently range from $100 to $500 per offense and may include other assessments (ex: REQUIRE EDUCATIONAL COURSE ATTENDANCE), If a licensee/respondent disputes any of the allegations outlined in the administrative complaint, the case must be heard in, If the licensee-respondent disputes the alleged facts noted in the complaint, the licensee-respondent's case must be heard by an administrative judge in a FORMAL HEARING, When a consumer files a complaint against a real estate licensee that contains facts indicating that a violation of rules of the Florida Real Estate Commission has occurred, the complaint is said to be. The applicant has met the requirements to become a licensed broker and is qualified to take the state license exam. The covenant of warranty forever is included in which type of statutory deed? The radon test indicates a high level of radon gas in the home, and the buyer gives written notice to cancel the contract. The broker must notify the Florida Real Estate Commission in writing within 15 business days of the buyer's and seller's conflicting demands for the earnest money. Please note that the following information is for educational purposes only, and additional laws may apply. A) Seller and buyer both claim the earnest money deposit. Lynn is preparing a classified ad for a listed property. Lynn Amherst is a sales associate for Excel Realty. which statement is true regarding the federal telemarketing law? united states district court middle district of florida orlando division filed 1-: }lf 111 ai-l in: 56 { tv case no lcoc{-c!- l l-t f securities and exchange Special Information Booklet (HUD) The licensee was unable to collect on the judgment and is considering submitting a claim to the Real Estate Recovery Fund. According to figures obtained from a cost-estimating service, the base construction cost per square foot of livable area is $92, and $76 per square foot for the garage. The assessed value of an 88-year-old legally blind widow's condominium is $49,500. Section 31 would be located in which corner? A closing is set for July 15. Also, created a uniform statewide rating system for rating new and existing residential, commercial and public buildings. Division of Florida Condominiums, Timeshares, and Mobile Homes is charged with providing complaint resolution for HOAs. Stay of Enforcement, if granted, stops the enforcement of a suspension or revocation in the final order pending the outcome of the appeal process. B) The loan applicant can sue the credit union for violating the Fair Housing laws. The brokerage can work with the buyer, in the same transaction, A sales associate receives a deposit from a buyer on Wednesday morning. The covenant of warranty forever is included in which type of statutory deed? a. (page 91). Which mortgage clause requires the lender to waive the right to a deficiency judgment against the borrower, relieving the borrower of personal liability to repay the loan? A complaint legally sufficient if it contains facts indicating that a violation of any of the following has occurred. 20-cv-10857, Judge Burroughs construed two disputed terms in a patent relating to a method of aligning a laser projector for projecting a laser image onto a work surface.. 1. Governance Form summarizes board of directors and the rights of the unit. press system to optout of receiving their prerecorded telemarketing messages;(2) to add the consumers' telephone numbers to the seller's do-not-call list; (3) to immediately disconnect the call; and (4) when leaving a message regarding a telemarketing call, the small business must 30 Days - if landlord is making a claim on the deposit, the landlord has 30 days to notify the tenant of the claim. It does not require the seller, at the seller's expense to conduct and energy efficiency rating of the structure prior to closing. A real estate broker has been hired to manage an apartment complex on behalf of the landlord. After the closing, the licensee discovered that the seller's broker had failed to disclose latent defects. Stay of Enforcement, if granted, stops the enforcement of a suspension or revocation in the final order pending the outcome of the appeal process. The licensee sued the seller's broker and was awarded a judgment. Which type of depreciation is associated with inefficient architectural design? Online Advertising and Marketing. Similarly, a brokerage firm working in a no brokerage relationship capacity can work with a buyer. required by Florida law to verify that license applicants are current on child support payments. Which statement is TRUE regarding this situation? This arrangement is, illegal, because the amount of compensation exceeds the allowable amount. An agreement in which only one party promises to perform without receiving a reciprocal promise to perform from the other party is called a Unilateral contract The period of time during which the terms of a contract may be enforced according to the statute of limitations are Five years for written contracts and four years for parol contacts. Bars telemarketers from intentionally blocking caller identification; Requires telemarketers at the beginning of every sales call to disclose the name of person making the call, as well as the name of the telemarketing company, the name of person or . Central Asia. Which business would be classified as a service industry? Risk. Savings associations can sell existing mortgage loans to which entity? The loan officer has three business days to give the loan applicant a copy of the information booklet. The earnest money deposit normally appears on the closing statement as a. A tenant, unable to contact the landlord or the landlord's representative prior to the expiration of a written lease, continues to pay the rent and occupy the premises after the lease expired. A licensee may not earn credit for attending a FREC meeting if the licensee is on the legal agenda for disciplinary action. I understand these calls may be generated using an autodialer and may contain pre-recorded messages and that consenting is not required to Which statement is TRUE? CREDIT TO THE BUYER ONLY - the buyer pays the binder deposit when the contract info is entered into - entered as a credit to the buyer since this portion of the purchase price has already been paid and will not be paid again. In 1992, the Commission adopted rules to implement the TCPA. 1. Savings associations can sell existing mortgage loans to which entity? Prohibits telemarketers from calling Arizona residents between the hours of 9 p.m. and. A gross lease is a lease in which the tenant agrees to pay a fixed rental amount, and the landlord pays all expenses related to the property such as real estate taxes, insurance, and maintenance costs. 14 Real estate related computations and c, 63 hour Real Estate practice Exam (first 50), Course Exam Review for Tampa School of Real E, Marketing Essentials: The Deca Connection, Carl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese, Alexander Holmes, Barbara Illowsky, Susan Dean, Calculus for Business, Economics, Life Sciences and Social Sciences, Karl E. Byleen, Michael R. Ziegler, Michae Ziegler, Raymond A. Barnett, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield. A real estate licensee purchased a home from the seller. NOI = Cap Rate x Value (sale price) Accretion is the process of land buildup from water-borne rock, sand, and soil. Which statement is TRUE regarding this property? D) The VA can make direct loans to veterans. Which document must a prospective buyer of an existing (resale) condominium unit receive? The Federal Communications Commission (FCC) enforces the Telephone Consumer Protection Act (TCPA), which also regulates telemarketing. The broker decides to appeal FREC's final order. AN ACT RELATIVE TO RESTRUCTURING THE ELECTRIC UTILITY INDUSTRY IN THE COMMONWEALTH, REGULATING THE PROVISION OF ELECTRICITY AND OTHER SERVICES, AND PROMOTING ENHANCED CONSUMER PROTECTIONS. I = R x V Which statement regarding a limited real estate partnership is TRUE? Restrictions on telemarketing to Florida residents are about to get tighter. The loan officer has three business days to give the loan applicant a copy of the information booklet. The seller told her broker that she was revoking the counteroffer and accepting the buyer's original offer. The brokerage can work with the buyer, in the same transaction. Only 2 members must be consumer members who have never been brokers or sales associates. A) Limited partners must register with the FREC under the limited partnership name. In the Government Survey System, the six-mile vertical strip of land that extends from the north to the south of Florida, located immediately west of the Tallahassee Principal Meridian, is called. Good Faith Estimate (GFE) Liquidation analysis, reproduction cost analysis, and income capitalization analysis (and comparable sales analysis). Mortgage interest For more information about the TCPA, contact the FCC at fcc.gov. D) penalty-free withdrawal from an IRA if the money is used as a down payment on a personal residence (first time home buyers only). 950 / 30 = 31.67 x 20 = $633.33 (page 398), Save our Home (SOH) regulates that the assessed value of a property can only increase 3% annually or the % change of the CPI for the preceding year; whichever is LESS (page 395). The telemarketing class action lawsuit accuses Connected Investors of violating the TCPA with unsolicited prerecorded voice message advertisements. The Georgia licensee. The brokerage relationship disclosure requirements in Chapter 475, Florida Statutes, do NOT apply to which transaction? Lina M. Khan was sworn in as Chair of the Federal Trade Commission on June 15, 2021. The Florida Building Energy-Efficiency Rating Act does NOT require A) the seller, at the seller's expense, to conduct an energy-efficiency rating of the structure prior to closing. Which requirement is one of the elements of a valid real estate contract? Save our Home (SOH) regulates that the assessed value of a property can only increase 3% annually or the % change of the CPI for the preceding year; whichever is LESS. A building is valued at $135,000 with an estimated 25-year useful economic life. Which list of appraisal methods is unique to the appraisal of business enterprises? The building has an effective age of five years. 501.601 through 501.626 and Florida's do-not-call law at Fla. Stat. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securitie (page 166), Developers of 20 or more new residential units must also prepare a PROSPECTUS and file it which summarizes the major points detailed in the condo docs. What is the adjusted sale price of the comparable? On June 29, Gov. The Florida Consumer Protection Law is located at Fla. Stat. ), $475,000*.8 = $380,000 / 39 years = $9,744. What was the approximate yield on the loan? Within how many days must a licensee notify the Department of Business and Professional Regulation of a change in current mailing address? A) Federally related transactions require an appraisal. Which statement concerning Department of Veterans Affairs (VA) mortgage loans is FALSE? Transaction Broker - in a transaction broker relationship the buyer or seller is not responsible for the acts of a licensee. How will the property taxes be entered on the closing statement? Many of these lawsuits seem outrageously frivolous, while others deal with incredibly serious matters. The day after signing the sale contract and reviewing the condominium documents, the buyers notify the broker that they want to cancel the contract. A closing is set for July 15. Stephanie T. Nguyen, Chief Technology Officer, Competition and Consumer Protection Guidance Documents, HSR threshold adjustments and reportability for 2023, A Century of Technological Evolution at the Federal Trade Commission, National Consumer Protection Week 2023 Begins Sunday, March 5, FTC at the 65th Annual Heard Museum Guild Indian Fair & Market - NCPW 2023, Franchises, Business Opportunities, and Investments, https://www.federalregister.gov/regulations/3084-AA98/telemarketing-sales-rule, 16 CFR Part 310: Telemarketing Sales Rule Fees; Final Rule Updating Fees Charged to Entities Accessing the National Do Not Call Registry, 16 CFR Part 310: Telemarketing Sales Rule Fees; Final Rule Updating Fees Charged to Entities Accessing the National Do Not Call Registry, 16 CFR Part 310: Telemarketing Sales Rule Fee; Final Rule That Updates Fees Charged To Entities Accessing the National Do Not Call Registry, Agency Information Collection Activities; Submission for OMB Review; Comment Request; Notice (Telemarketing Sales Rule), Telemarketing Sales Rule Information Collection Activities; Proposed Collection; Comment Request, 16 CFR Part 310: Telemarketing Sales Rule: Final Rule Amendments: Federal Register Notice Containing the Final Telemarketing Sales Rule Amendments and the Statement of Basis and Purpose, 16 CFR Part 310: Telemarketing Sales Rule Fees; Notice Advising That There Will BE No Fee Increase for Accessing the National Do Not Call Registry for Fiscal Year 2016, 16 CFR Part 310: Telemarketing Sales Rule; Extension of Comment Period for Rule Review to November 13, 2014, 16 CFR Part 310: Telemarketing Sales Rule Fees; Final Rule Amending TSR Fees Charged to Entities Accessing the National Do-Not-Call Registry, as Required by the Do-Not-Call Registry Fee Extension Act of 2007, 16 CFR Part 310: Telemarketing Sales Rule Federal Register Notice: Rule Review Request for Public Comments as Part of the FTCs Systematic Regulatory Review, Modified Ten-Year Regulatory Review Schedule; Notice of Intent to Request Public Comments, 16 CFR Part 310: Telemarketing Sales Rule; Notification of Termination of Caller ID Rulemaking Federal Register Notice, 16 C.F.R. A) This is a violation of the Civil RIghts Act of 1866 B) This is a violation of the Title VIII of the Civil Rights Act of 1968 C) This is permissible under the FAir Housing Act D) This is permissible only if the church is registered as having exempt status with the DBPR C) (pg.

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