Term
| the financial term applied to the use of borrowed funds to finance the purchase of an office building is? |
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Definition
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| A mortgage in which changes in the interest rates may cause changes in the monthly payment amount is called |
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Definition
| An adjustable-rate mortgage |
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Term
| Depreciation (Cost Recovery) |
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Definition
| Is an allowable deduction that requires no current outlay of cash |
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Definition
| Provided by recording in the public records |
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Term
| In a deed, the warranty of quiet enjoyment pertains to...? |
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Definition
| Peaceful possession undistributed by others claims of title |
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Term
| The law requires that the annual percentage rate be disclosed to consumer is the....? |
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Definition
| Truth in lending Act/Regulation Z |
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Term
| Home owners who have a homestead exemption on their current home in either of the 2 preceding years can transfer up to what amount of their Save Our Home benefit to a new home? |
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Definition
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Term
| The government survey method of legal description has? |
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Definition
| Has as a basis a principal meridian and a base line |
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Term
| A buyer who obtains a mortgage loan that covers the purchase of a condominium plus furniture, appliances, and other personal property such as towels and kitchen utensils has a |
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Definition
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Term
| The bundle of legal rights associated with real property ownership does NOT include the right of |
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Definition
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Term
| Which estate includes the right of survivorship? |
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Definition
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Term
| A title theory state is one in which a mortgage.....? |
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Definition
| Transfers title to the lender or escrow agent until loan is paid |
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Term
| Which term refers to a situation where during the early years of a loan the principal balances increases? |
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Definition
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Term
| Which statement is true regarding the monthly payments on a 30 year, fully amortized loan? |
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Definition
| Initially, interest is the larger portion of the payment |
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Term
| When the feds want to ease a tight money supply it may.....? |
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Definition
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Term
| How much personal money may a broker place in a property management escrow account |
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Definition
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Term
| An example of an ad VALOREM tax is....? |
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Definition
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Term
| Whci individual is NOT exempt from real estate licensure under F.S. 475.? |
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Definition
| A business broker who negotiates leases of business property only |
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Term
| If a developer wants to develop a new subdivision, she must submit |
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Definition
| A subdivision plat map to the planning commission |
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Term
| You have been hired to appraise the local public library building. The approach that is likely to be the most relevant is the |
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Definition
| Cost-depreciation approach |
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Term
| In the cost-depreciation approach, estimating accrued depreciation involves estimating....? |
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Definition
| The loss in value of the improvements |
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Term
| The purchase price of of a business minus the value of the tangible assets of that business equals the intangible assets of the business. This is referred to as |
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Definition
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Term
| A sales associate receives $5,000 earnest money deposit from a buyer. She immediately delivered the deposit to her broker. The broker deposited the check on the third business day into his general operating account... |
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Definition
| This is an example of commingling of escrow funds |
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Term
| Sales associate Terry Stoufer may have which information entered on her license, if applicable |
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Definition
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Term
| if all legislative requirements have previously been met, and active broker in Florida may hold an active license in....? |
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Definition
| Florida and any other state or foreign country who's licensing laws have not been violated |
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