FLORIDA REAL ESTATE Correct 100%(SCORED A+)

When money is paid out of the RE recovery fund, on behalf of a Florida Real Estate - ANSWER the licensee's license will be automatically suspended, the max. amount that can be reimbursed is $50,000, the judgement holder cannot be reimbursed for attorney's fees and court costs Which of the following is true regarding the Florida RE commission? - ANSWER Two members do not have to have a Florida Real Estate license The Fair Housing Act prohibits discrimination based on - ANSWER Race, color, religion, national origin, sex, familial status, handicap A piece of property that is 400 feet by 325 feet is - ANSWER 3 acres The truth in lending act - ANSWER gives a consumer the right to rescind a mortgage secured by his homestead Who can renew their initial Florida real estate license without post license education? - ANSWER A person that graduated with a university with a 4 year degree in real estate Which of the following words are synonyms? - ANSWER vendor-seller If an adult enters into a contract with a child - ANSWER this contract can be enforced in a court by the child Price Fixing is - ANSWER a violation of Sherman-clayton antitrust law In a joint tenancy - ANSWER has the right of survivorship and owners acquire interest at the same time An expressed contract - ANSWER is unambiguous To become the chairman of the Florida Real Estate Commission - ANSWER a member is elected by his or her peers A florida Real Estate license - ANSWER has an expiration date on it, expires biennially, serves as prima facie evidence that the holder is properly licensed Florida Real estate licensee cannot promise to re-purchase property back in the future unless - ANSWER a guaranteed re-purchae agreement has been approved by the state o