Gold Coast Real Estate, Practice Final Exam 2023/2024 with Complete Solutions(RATED A)

A 40,000 mortgage for a term of 20 years was originated at an 8%interest rate,with monthly mortgage payments of 334.58 what is the principal balance remaining after the second monthly payment ? - ANSWER-$39,863.72 If the price of a lot $9 per square food how many square feet are contained in a lot that sells for 27000 - ANSWER-3,000 what is the tax levy of a non-homestead property that is as seed at 36000 with a tax rate of 11 mills? - ANSWER-$396 When must a written no brokerage relationship notice be provided to customers? - ANSWER-Before showing homes that are listed Which of the following cannot be used by the federal reserve to change or control tHe money supply - ANSWER-Alter income tax rates A broker has an exclusive right of sale listing to sell an owner,s propertY with no others authority granted .what type of agency does the broker have with the principal? - ANSWER-Special agency A licensee is being disciplined by the FREC for multiple violations of f.s.475 which penalty may the commission not impose? - ANSWER-A fine not go exceed 5,000 and or imprisonment not to exceed one year A judgment is awardes against a licensee for 100, is rhe maximum the complainnant may be compensated fromthe realestate recovery fund? - ANSWER-50% What terms is applies to the practice of keepi low-income people out of a psrticular neighborhood? - ANSWER-Exclusionary zoning A transactionbroker - ANSWER-Owes limited confidentiality to both parties Foreclosureon the propedty teenan redeem in home what is term - ANSWER-Statutory right of redemption