Mastersquiz1

Risk Assessment - ANSWERSAn on-site investigation of a residential dwelling for lead-based paint hazards. Risk assessment includes investigating the age, history, management and maintenance of the dwelling; conducting a visual assessment, performing limited environmental sampling, such as dust wipe samples, soil samples, and deteriorated paint samples, and reporting the results that identify acceptable abatement and interim control strategies based on specific conditions and the owner's capabil...

Real Estate Brokerage (Ch. 1) -ANSWER A business in which real estate-related activities are performed under the authority of a licensed real estate broker Farming (Ch. 1) -ANSWER concentrating on one type or style of property in one particular area of neighborhood Property Transfer, Valuation & Marketing (Ch. 1) -ANSWER areas of expert knowledge that are required for all real estate licensees Residential Transaction (Ch. 1) -ANSWER F.S 475 The sale of any improved residential property...

Tract building - ANSWERWhen a dev. Acquired land, records a plat map and uses a model center from which sales may be made Local level - ANSWERPlanning, zoning, property taxation, building and health codes and regulations, and building moratoriums that affect development play a significant role in the cost and desirability of real estate Broker associate - ANSWERA licensed broker working for another broker False - ANSWERA florida real estate license applicant must be a resident and citiz...

Property managers who are employed and compensated by community associations are required to obtain and maintain which type of license? -ANSWER CAM What term is used for the practice of specializing in one particular residential neighborhood or type of property? -ANSWER Farming empty -ANSWER upon closing a sales transaction who pays the sales associate their contracted commission? -ANSWER Employing Broker Home sold for $250k with a garage, a home sold in the area for $230k with no g...

What is Farming? - ANSWERAgent dominates specific area/neighborhood/town Also known as door to door. What are the three areas sales associates must be experts in? - ANSWERMust be experts in Valuation, Marketing, and Property Transfer What key knowledge must you have to be involved in Industrial Sales? (Not needed for commercial sales) - ANSWERGovernment Law (Environmental) What is It called when a Developer builds a center in track where sales are made? - ANSWERTrack Building What is...

Since there is no prescribed wording for an oath, what would be an acceptable oath? - ANSWERS"Do you swear or affirm that the statements in this document are true?" To clear a background check, the State law requires all applicants to be. - ANSWERSFingerprinted In which county does the notary applicant take, subscribe, and file an oath of office and file a $15,000 surety bond? - ANSWERSIn the county where the notary public maintains a principal PLACE OF BUSINESS as shown in the applicati...

What is one requirement for becoming a California Notary Public? - ANSWERSBe a legal resident of California Your jurisdiction will be - ANSWERSThe entire state of California A possible penalty for committing perjury is? - ANSWERS2-4 years You have how many days to take your oath of office after your commencement date? - ANSWERS10 days If you request a new certificate of authorization, the state of California must respond within - ANSWERS5 days The agency of the State that will giv...

What is one requirement for becoming a California Notary Public? - ANSWERSBe a legal resident of California Your jurisdiction will be: - ANSWERSThe entire state of California A possible penalty for committing perjury is: - ANSWERSa. 2 years in prison b. 3 years in prison c. 4 years in prison d. Any of the above Answer: d. Any of the above You have how many days to take your oath of office after your commencement date: - ANSWERS30 days If you request a new Certificate of Autho...

Upon receiving the letter of commission, where should the notary file his/her oath and bond? - ANSWERSThe office of the County Clerk in the county where the notary maintains his/her principal place of business Nancy Notary's father, who is also her employer, asked her to notarize documents for the sale of business property whereby Nancy is named as one of the grantees. What is the appropriate response from Nancy Notary? - ANSWERSNancy should explain that she may not notarize the documents be...

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