Gold Coast Real Estate Practice Final Exam (Questions/Answers)

Gold Coast Real Estate Practice Final Exam (Questions/Answers) Realtor Correct Ans - 100 test 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 ? Correct Ans - $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 Correct Ans - 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? Correct Ans - $396 When must a written no brokerage relationship notice be provided to customers? Correct Ans - Before showing homes that are listed Which of the following cannot be used by the federal reserve to change or control tHe money supply Correct Ans - 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? Correct Ans - Special agency A licensee is being disciplined by the FREC for multiple violations of f.s.475 which penalty may the commission not impose? Correct Ans - 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? Correct Ans - 50% What terms is applies to the practice of keepi low-income people out of a psrticular neighborhood? Correct Ans - Exclusionary zoning