Gold Coast real estate,Practice final exam

Gold Coast real estate,Practice final exam. 2023 Realtor - 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 ? - 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 - 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? - Ans-$396 When must a written no brokerage relationship notice be provided to customers? - AnsBefore showing homes that are listed Which of the following cannot be used by the federal reserve to change or control tHe money supply - 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? - AnsSpecial agency A licensee is being disciplined by the FREC for multiple violations of f.s.475 which penalty may the commission not impose? - 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? - Ans-50% What terms is applies to the practice of keepi low-income people out of a psrticular neighborhood? - Ans-Exclusionary zoning A transactionbroker - Ans-Owes limited confidentiality to both parties Foreclosureon the propedty teenan redeem in home what is term - Ans-Statutory right of redemption Which term is used to refer to the difference between: current market value of for a property and the amount the owner still owes on the mortgage - Ans-Equity Who determines the form for the closing states - Ans-The closing agent Concerning all FHA/VA mortgages which statement is correct - Ans-Borrowers must meet minimum requirements CONTINUES....