which statement is true regarding the federal telemarketing law?

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. The Telemarketing Sales Rule, which requires telemarketers to make specific disclosures of material information; prohibits misrepresentations; sets limits on the times telemarketers may call consumers; prohibits calls to a consumer who has asked not to be called again; and sets payment restrictions for the sale of certain goods and services. Savings associations can sell existing mortgage loans to which entity? (page 364), Liquidation analysis, reproduction cost analysis, and income capitalization analysis (and comparable sales analysis), Management considerations is one of the disadvantages of investing in RE. The land value is 20 percent of the total acquisition cost. Place the funds in an interest-bearing account in a Florida bank and pay the tenant 5 percent interest (separate interest-bearing FL bank account and pay the tenant at least 75% of any annualized average interest rate or 5% per year simple interest - page 153). Index plus Margin equals Calculated Interest Payment on an ARM. Risk. The law applies broadly to a "telephonic sales call." "Telephonic sales call" is currently defined as "a telephone call, text message, or voicemail transmission to a consumer for the purpose of soliciting a sale of any consumer goods or services, soliciting an extension of credit for consumer goods or services, or obtaining information that will Federal and State Laws, Regulations, and Related Court Decisions Executive Orders and Other Presidential Actions The president creates many documents to issue orders and make announcements. 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? Companies also need to be familiar with rules banning most forms of robocalling. The Telephone Consumer Protection Act of 1991 (TCPA) was passed by the United States Congress in 1991 and signed into law by President George H. W. Bush as Public Law 102-243. Runners crossing the finish line in the Boston Marathon. The statute of frauds requires that contracts conveying an interest in real property and contracts that aren't to be performed within one year of the date created must be. Therefore, debited to seller and credited to buyer. Special Assessments are one-time taxes levied on properties to help pay for some public improvement that benefits property - typically levied on a front foot basis or per hookup basis for utility and sewer improvements. The lender's policy protects the lender against title defects. Why do many second-generation Korean-American mothers, who often have negative memories of growing up under strict, intensive, achievement-oriented "tiger mothering"a term popularized by Amy Chua's bestselling Battle Hymn of the Tiger Mother (Chua 2011)reproduce certain aspects of this parenting style in raising their own children? 290 x 250 = 72,500 - 47,800 = 24,700 On June 29, Gov. (PAGE 190), Which statement concerning sections is FALSE? Stay of Enforcement, if granted, stops the enforcement of a suspension or revocation in the final order pending the outcome of the appeal process. Ann. Open listing allows the seller to list the property with multiple brokers. Real estate licensees may not represent a CMA as an appraisal. A) Only veterans, surviving spouses of veterans, and active military personnel are eligible to apply for a VA loan. Criminals use this method as a way to obtain a victim's credit card information, identity, or bank account numbers. A Georgia real estate licensee moved to Miami five months ago. Management considerations is one of the disadvantages of investing in RE. A licensee who is issued a citation may be ordered to, If a licensee/respondent disputes any of the allegations outlined in the administrative complaint, the case must be heard in, 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 process of land buildup from water-borne rock and soil is referred to as. If your lot frontage on the street is 90 feet, what is your portion of the special assessment? Which document must a prospective buyer of an existing (resale) condominium unit receive? What is the annual rent for the year if the annual gross sales are $450,000? Find the resources you need to understand how consumer protection law impacts your business. On July 1, 2021, Florida enacted a comprehensive new telemarketing law that arguably goes beyond the federal Telephone Consumer Protection Act ("TCPA"). Calculate the developer's percentage of profit (round to nearest whole percentage point). A) Seller and buyer both claim the earnest money deposit. [1] Certain callers are required by federal law to respect this request. B) The day after signing the sale contract and reviewing the condominium documents, the buyers notify the broker that they want to cancel the contract. Which of the following is an accurate statement regarding the Federal Trade Commission (FTC) and the consumer protection laws related to funeral home services? 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? Which individual is exempt from licensure under Florida Statute 475? Better Which requirement is one of the elements of a valid real estate contract? Also, created a uniform statewide rating system for rating new and existing residential, commercial and public buildings. Which type of window is the least energy efficient? Informacin detallada del sitio web y la empresa: salvarani.com, +39522969177 SALVARANI | Agricultural spraying, components 12-24 Volt, compressors, test and calibration equipment, Componenti agricultura, compressori, calibratura e regolazione macchine irroratrici 1. 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 regarding a limited real estate partnership is TRUE? 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. Looking for legal documents or records? These presidential actions can include executive orders, presidential memoranda, and proclamations. (1) by the person or entity providing a wire or electronic communications service; (2) by a user of that service with respect to a communication of or intended for that user; or (3) in section 2703, 2704 or 2518 of this title. $52,000 x .07375 = 3,835 / 12 = 319.58 a. a statement by you that you have a good faith belief that the disputed use is not authorized by the copyright owner, its agent, or the law; a statement by you, made under penalty of perjury, that the information provided in your notification is accurate and that you are the copyright owner or authorized to act on the copyright owner's behalf. A local lender charged 4 percent interest plus 4 points on a conventional mortgage loan. I = R x V Civil Rights Act of 1866 prohibits any type of discrimination based on race in any real estate transaction (sale or rental) without exception. It does require that buyer, before signing a sale contract, receive an information brochure notifying the purchaser of the option for an EE rating on the building. The seller refuses to sign a release of the buyer's earnest money deposit and demands receipt of the deposit for himself. 1.1 - 1.4, in response to questions of general public interest. A complaint legally sufficient if it contains facts indicating that a violation of any of the following has occurred. The land value is 20 percent of the total acquisition cost. Main Menu B) It is in the licensee's best interest not to request reimbursement from the fund, because the licensee's license would be suspended. A local lender charged 4 percent interest plus 4 points on a conventional mortgage loan. Jalousie - window is almost impossible to seal; therefore, it's the lease energy efficient. It's one mile square of 640 acres. D) The VA can make direct loans to veterans. Using the lump-sum age-life method, find the depreciated value of the building. An owner of an apartment complex pays $100 to each tenant who refers a person who becomes a tenant. If you advertise online, remember the rules and guidelines that protect consumers also help businesses by maintaining the credibility of the Internet as a marketing medium. The building has an effective age of five years. The Internet connects marketers to customers across the country and around the world. Which statement is TRUE regarding this situation? Telemarketing also includes sales solicitations via fax, the Internet and mail, if the consumer is encouraged to respond via the telephone, fax . Which statement is TRUE? 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)? Since seller hasn't received the money, it's not shown on the seller's statement. The seller is still owed the entire amount of the purchase price. Servicing disclosure statement. Use the actual number of days in the closing month when determining the time line. Which statement is TRUE regarding this situation? A written contract for sale and purchase of commercial property that used designated sales associates failed to close. A brokerage firm represents a seller as a single agent. writing bad checks, crimes of larceny). Lynn Amherst is a sales associate for Excel Realty. Homestead property is exempted from forced sale to satisfy judgement liens for debts owing to personal loans, CREDIT CARD DEBT, etc. deliver the deposit check to the employer by the end of business on Thursday. Online Advertising and Marketing. These opinions are issued, pursuant to Rules 1.1 - 1.4 of the Commission's Rules of Practice, 16 C.F.R. NOI = Cap Rate x Value (sale price) A) The real estate licensee is eligible to make a claim for recovery from the fund, because the licensee acted in the capacity of a buyer. Property taxes are paid in arrears - so seller has paid no taxes that month. Lynn is preparing a classified ad for a listed property. Tenancy in Common (no right of survivor ship, heirs inherit), Remainderman - 3rd party fee simple ownership at end of life estate by wife. Using the lump-sum age-life method, find the depreciated value of the building. State law (CGS 42-288a) requires DCP to establish and maintain a listing of consumers who do not wish to receive unsolicited telephone sales calls from firms offering goods or services. Listing Agreements for a term longer than 1 year. Real estate licensees may contact their former customers for up to 18 months. In practice, the state list is integrated with the national do-not-call list maintained by the Federal Trade Commission (FTC). The term used to measure the amount of energy an electrical appliance consumes is. The seller told her broker that she was revoking the counteroffer and accepting the buyer's original offer. The stepson's interest is that of, The process of land buildup from water-borne rock and soil is referred to as. Central Asia. Residential leases are usually gross leases. A duplex is scheduled to close on September 10. A commercial tenant pays a fixed rent each month. Special Information Booklet (HUD) Is the broker required to retain the brokerage relationship disclosure documents, and if so, for how long? How much of the $414.94 monthly payment paid in month two will apply to principal? The sales associate must notify the DBPR in writing within 60 days regarding her change in residency. D) Buyer finds another property at a lower price and demands a refund of the earnest money deposit. Is this transaction covered under Truth in Lending Act? "Work surface" Relying on an embodiment disclosed in the specification, the defendant contended that the scope of "work surface . The broker decides to appeal FREC's final order. Only 2 members must be consumer members who have never been brokers or sales associates. 1. A) Real estate licensees may call all the for-sale-by-owner sellers in a community to solicit listings without regard to whether the homeowners are listed on the do-not-call registry. which statement is true regarding the federal telemarketing lawrenal cancer symptoms Menu nfl flex schedule changes. A) A section is a square one mile on each side B) A section contains 640 acres C) A section contains 43,560 square feet D) A section has an area of one square mile, The FALSE statement is the a SECTION contains 43,560 sf. The AVAILABILITY OF BUILDING MATERIALS INFLUENCES DEMAND is FALSE - has to do with supply. They have created which type of estate or tenancy? Which statement concerning Department of Veterans Affairs (VA) mortgage loans is FALSE? 51,904.64 x .07375 = 3,830.56 / 12 = 319.21 Included advantages: A lease calls for annual minimum rent of $14,500 plus 3 percent of annual gross sales in excess of $350,000. Find legal resources and guidance to understand your business responsibilities and comply with the law. Comp Use the actual number of days in the closing month when determining the time line. Ann. Which statement is FALSE concerning federally related transactions? The Florida Real Estate Commission (FREC) issued a seven-year suspension of a broker's license. A) Monthly payments remain constant, and the interest portion comprises the majority of the payments. Recording it in the public records shows that the mortgage lien has been removed. Which of the following statements about consumer protection laws is true? D) notification that the buyer may order an energy-efficiency rating on the building. The seller cannot now accept the original offer, because it was killed by the counteroffer. Listed here are some FTC laws about specific marketing practices and the promotion of products and services in specific industries. Market is local in nature; 3. The RE licensee is not eligible to make a claim against the Real Estate Recovery Fund. A) Demand is the desire and ability to purchase or lease goods and services B) Consumer preferences influence demand C) Changes in price cause an inverse change in demand D) The availability of building materials influences demand, The AVAILABILITY OF BUILDING MATERIALS INFLUENCES DEMAND is FALSE - has to do with supply (page 415), Implement the comprehensive plan (page 427), Branch office of a bank is a service industry that services primarily local residents (page 425), Effective Age / Total Economic Life x Reproduction Cost New, 45 x 90 x .75 = $3,037.50 / 2 = $1,518.75, A professional office center is purchased for $475,000. The overall capitalization rate (OAR) is determined by analyzing which two components of similar properties in the subject property's market area? Which statement is TRUE? D) Federally related transactions include transactions for the sale, lease, or purchase of real estate. The landlord pays the property taxes, hazard insurance, and maintenance expenses. The total square footage of the livable area is 2,600. Accretion is the process of land buildup from water-borne rock, sand, and soil. Which property is immune from property taxes? The broker decides to appeal FREC's final order. C) tenants and buyers of all residential property built before 1978. A broker is NOT required by law to notify the FREC of conflicting demands in which situation? Which statement is TRUE regarding this situation? Which expense is deducted to derive effective gross income? 24,700 / 47,800 = 52% profit. On February 17, the Justice Department, together with the Federal Trade Commission (FTC), announced a civil enforcement action against several corporate and individual defendants for alleged violations of the FTC Act and the Telemarketing Sales Rule (TSR) in connection with telemarketing campaigns that have involved millions of illegal robocalls. An individual who repeatedly writes bad checks can be charged with. How much of the $414.94 monthly payment paid in month two will apply to principal? Transaction Broker - in a transaction broker relationship the buyer or seller is not responsible for the acts of a licensee. 0. The loan officer did not give the loan applicant a copy of the HUD information booklet concerning settlement costs at the time of loan application. Base: 14,500 InVirtek Vision International ULC v.Assembly Guidance Systems, Inc. d/b/a Aligned Vision, No. Tenancy at Will - if the tenant's holding over is continued with the written consent of the lessor, the tenancy becomes a tenancy at will under FL law. According to the contract for sale and purchase, the buyer is due the rental income for the day of closing. Management; 5. C) The seller has breached the buyer's contract, and the buyer can sue to force the seller to take a lower price. The street in front of your house is to be paved at a cost of $45 per foot. Deeds and Mortgage Instruments The seller told her broker that she was revoking the counteroffer and accepting the buyer's original offer. How many members of the Florida Real Estate Commission must be consumer members who have never been real estate brokers or sales associates? (page 169), The answer is ACCRETION. A buyer offered $225,000 for a seller's property. The assessed value of an 88-year-old legally blind widow's condominium is $49,500. We enforce federal competition and consumer protection laws that prevent anticompetitive, deceptive, and unfair business practices. 2,600 x 92 = 239,200 A couple are interested in purchasing residential investment property, and they have informed their sales associate that they want limited representation but do not want to be legally held responsible for the acts of a licensee. Liquidation analysis, reproduction cost analysis, and income capitalization analysis (and comparable sales analysis). Which law prohibits racial discrimination in the sale or lease of all real property without exception? A person applies for a mortgage loan from a local credit union. (page 267). B) the creation of a uniform, statewide energy-efficiency rating system. 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. Which document must be given to prospective purchasers only if purchasing a condo from a developer of 20 or more new residential condominium units? A real estate licensee purchased a home from the seller. The licensee sued the seller's broker and was awarded a judgment. A closing is set for July 15. How much is the minimum cash investment on an FHA loan? Place the funds in an interest-bearing account in a Florida bank and pay the tenant 5 percent interest (separate interest-bearing FL bank account and pay the tenant at least 75% of any annualized average interest rate or 5% per year simple interest. 3. use of real property or interests as a security for a loan or investment including mortgage-backed securities. The Telecommunications Consumer Protection Act of 1991 (TCPA) is a piece of U.S. federal legislation that set guidelines for telemarketing practices in response to consumer complaints. 1. transactions for the sale, lease or purchase of RE Which item would be classified as a fixed expense in the calculation of net operating income? The referring tenants do not hold real estate licensees. A closing is set for July 15. The proposed guideline revisions would state that "in procuring, suppressing, boosting, organizing, or editing consumer reviews of their products, advertisers should not take actions that have the. Part 310: Telemarketing Sales Rule: Advanced Notice of Proposed Rulemaking; Request for Public Comments Concerning Caller Identification Services and Disclosure of the Identity of the Seller or Telemarketer Responsible for Telemarketing Calls, Telemarketing Sales Rule; Final Rule; Correction, Telemarketing Sales Rule; Final Rule Amendments, Telemarketing Sales Rule; Extension of Comment Period in Notice of Proposed Rulemaking - 16 CFR Part 310, Telemarketing Sales Rule - 16 CFR Part 310, Telemarketing Sales Rule Fees - 16 CFR Part 310, Telemarketing Sales Rules; Notice of 15 day Extension in Comment Period - 16 CFR Part 310, Notice of 30-Day Extension in Comment Period in the Review of the Telemarketing Sales Rule - 16 CFR Part 310, Telemarketing Sale Rule - 16 CFR Part 310, Notice of Intent to Request Public Comments on Guides for the Household Furniture Industry and the Telemarketing Sales Rule - 16 CFR Parts 250 and 310, Do-Not-Call Provisions of Telemarketing Sales Rule; Meeting - 16 CFR Part 310, Telemarketing Sales Rule "Divestiture Orders in Merger Cases" Agency Information Collection Activities; Proposed Collection; Comment Request; Extension - 16 CFR 310, Telemarketer Fees to Access the FTCs National Do Not Call Registry to Increase in FY 2019, Telemarketer Fees to Access the FTCs Do Not Call Registry to Rise Slightly in FY 2018, FTC Update: Telemarketer Fees for the Do Not Call Registry to Rise Slightly in FY 2017, FTC Amends Telemarketing Rule to Ban Payment Methods Used by Scammers, La FTC enmienda la Regla de Telemercadeo para prohibir mtodos de pago utilizados por los estafadores, Public Forum on Debt Relief Amendments to the Telemarketing Sales Rule, Public Forum on the Telemarketing Sales Rule: "Do-Not-Call", Workshop On Proposed Telemarketing Sales Rule. 30 Days - if landlord is making a claim on the deposit, the landlord has 30 days to notify the tenant of the claim. PGI - V&C = EGI b. self-serving bias e. social categorization, Briefly explain the importance of each of the following. Which statement is TRUE regarding this situation? Prohibits telemarketers from calling Arizona residents between the hours of 9 p.m. and. 4. The licensee was unable to collect on the judgment and is considering submitting a claim to the Real Estate Recovery Fund. Mortgage interest D) buyers of all single-family homes. What is the adjusted sale price of the comparable? The FTC's Telemarketing Sales Rule helps protect consumers from fraudulent telemarketing calls and gives them certain protections under the National Do Not Call Registry. The "21 Rules You Must Use" are the most important things you need to do now and on an ongoing basis to prevent identity theft. 6. B) Federally related transactions do not include transactions associated with refinancing real property. Which statement is FALSE concerning federally related transactions? Part 310: Telemarketing Sales Rule Fees; Final Rule Updating the Fees Charged to Entities Accessing the National Do Not Call Registry, 16 CFR Part 310: Telemarketing Sales Rule: Federal Register Notice Containing Notice of Proposed Rulemaking and Soliciting Public Comment on Proposed Amendments to the Rule, 16 CFR Part 310: Telemarketing Sales Rule: Federal Register Notice Containing Notice of Proposed Rulemaking and Soliciting Public Comment on Proposed Amendments to the Rule - Text Version, 16 CFR Part 310: Telemarketing Sales Rule Fees; Final Rule, 16 C.F.R. Referred to as Florida's "Mini-TCPA," this new law, CS/SB 1120, updates the Florida Consumer Protection Law and the Florida Telemarketing Act. AND, IT WILL PROTECT THE NEW OWNER (IF TRANSFERRED) UP TO THE UNPAID BALANCE OF THE MORTGAGE LOAN. The loan officer did not give the loan applicant a copy of the HUD information booklet concerning settlement costs at the time of loan application. SUBCHAPTER IICOMMON CARRIERS Part ICommon Carrier Regulation 201. A lease calls for annual minimum rent of $14,500 plus 3 percent of annual gross sales in excess of $350,000. Three brothers join together to purchase property. C) Limited partners are personally liable for the debts of the partnership. A satisfaction of mortgage is given by the lender to the borrower when the loan is paid off, must be sent to mortgagor within 60 days. Securities registered pursuant to Section 12(g) of the Act: None. The brokerage relationship disclosure requirements in Chapter 475, Florida Statutes, do NOT apply to which transaction? A) The seller can revoke her counteroffer and accept the buyer's original offer up until the time the buyer rejects the counteroffer. astros vs yankees cheating. How will the property taxes be entered on the closing statement? The company's phone number is 222-1010. Which amendment to the Florida constitution limits how much the assessed value of homesteaded property can increase in a given year? 2. refinancing of real property or interests in real property PSA How must the broker as agent handle the security deposits and advance rent? In one of the more upsetting high-profile lawsuits, Vanessa Bryant has just reached a final . C) notification that the energy-efficiency rating of the structure may qualify the buyer for an energy-efficient mortgage. (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). Annual Gross: 450,000 - 350,000 = 100,000 x .03 = $3,000 Which statement concerning sections is FALSE? The tenant has a tenancy, Tenancy at Will - if the tenant's holding over is continued with the written consent of the lessor, the tenancy becomes a tenancy at will under FL law. An EARNEST MONEY DEPOSIT is desirable to protect the seller, but it's not required to make a contract valid. 414.94 - 319.21 = 95.94 principal amount for month 2. Which statement is TRUE regarding the federal telemarketing law? A sales associate moves from Jacksonville, Florida, to Atlanta, Georgia. 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 Which statement is TRUE regarding comparative market analyses (CMAs)? 156) Study with Quizlet and memorize flashcards containing terms like Which type of business entity is at risk of no longer continuing if the owner becomes incapacitated?, Certain age-55-and-older communities are exempt from the familial status provisions of the Fair Housing Act if the communities offer amenities, specific programs, and activities designed for the mature adult and, Capri Realty is . The site is secure. This arrangement is. Which expense is deducted to derive effective gross income? Good Faith Estimate (GFE) Open All + 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. illegal, because the amount of compensation exceeds the allowable amount. The brokerage can work with the buyer, in the same transaction. The loan officer has three business days to give the loan applicant a copy of the information booklet. Which excerpt conforms to the rule regarding advertising? It was first signed into law by President George H.W. It's one mile square of 640 acres, Range 1 West is located immediately west of the principal meridian and base line. We work to advance government policies that protect consumers and promote competition. Effective Age / Total Economic Life x Reproduction Cost New Which statement applies to this situation? Personnel engaged in any aspect of telemarketing must be . which statement is true regarding the federal telemarketing law? 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. A brokerage firm represents a seller as a single agent. 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. (2) Training of personnel engaged in telemarketing. Mortgage origination fees (points) Which statement is TRUE? An official website of the United States government. Which type of depreciation is associated with inefficient architectural design? The brokerage relationship disclosure requirements in Chapter 475, Florida Statutes, do NOT apply to which transaction? What was the approximate yield on the loan? What is the final step in the real estate sale process? The associate continues to be employed by the same broker, who has an office in Atlanta. Which business would be classified as a service industry? I understand these calls may be generated using an autodialer and may contain pre-recorded messages and that consenting is not required to (page 176). Reply 'Help' for help. Which document must be given to prospective purchasers only if purchasing a condo from a developer of 20 or more new residential condominium units? 640/4/4 = 40 Homestead property is exempted from forced sale to satisfy judgement liens for debts owing to personal loans, CREDIT CARD DEBT, etc. The day after signing the sale contract and reviewing the condominium documents, the buyers notify the broker that they want to cancel the contract.

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