Gold Coast Final Exam 2024 Questions & Answers (Graded A+)
Gold Coast Final Exam 2024 Questions & Answers (Graded A+) 2 main deductions of home owners - mortgage interest and property taxes A developer is sending out keys to people to view a home they building, and says if their key fits they are gifted a home, is this promotional give aways legal? - yes A pawn shop in an area not zoned - nonconforming use A tenancy for years should include a - specified period of time all ways pick mortgagor - to the mortgagor Amount received/paid in a transaction is called ? - price Broker deposits $10,000 of personal funds into escrow account, what is he guilty of ? - commingling Clause in mortgage that gives the mortgagee the right to increase interest rate ? - accelerator clause court house, airports, and schools - immune properties for taxation Deposits is a form of... - valuable consideration Entities that CANNOT be brokers - corporation sole Equally desirable property for less - principal of substitution Exclusive right of sale - seller pays commission no matter what Expenses are always ... - debits Failing business that is not expecting to continue for business ? - liquidation value FHA ratios - 31 and 43 How many acres in one quarter of a section ? - 160 How much time do you have to notify when you are transferring out of state ? - 60 days
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