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Community Association: - ️️Real or personal property owned by 1 or more entities with legally binding agreement (covenant) to share responsibility for and costs of maintenance and administration of the property, assets, and assoc. Specific rights granted to members. Pro of community living: - ️️Shared: armenties, maintenance expenses, operations stability/security, centralized responsibility. Con of Community living: - ️️loss of control, mismanagement, lawsuits, limited freedom...

being licensed under part VIII of chapter 468 F.S. means - ️️you are capable of performing community association management (CAM) services specified in the condominium act and reserves these for exclusive use for certain owners - ️️limited common elements property owned by all owners in a condominium - ️️the common elements a maintenance coordinator must... - ️️be licensed as a community association manager and is not exempt the condominium concept is made up of... - ...

After purchasing the mobile home park, the residents form a community association and hire a paid manager. The manager must be licensed under Part VIII of Chapter 468 if the budget of the association exceeds: A.$50,000 B.$75,000 C.$100,00 D.$125,000 - ️️C. A type of joint ownership of real estate where legal title is not vested in the individual, but the individual receives the right to occupy a unit, is a: A. mobile home. B. cooperative C. mandatory homeowners' association. D. c...

A Community Association is generally defined as real or personal property, owned by two or more entities, which share the responsibility for the costs of maintenance and administration - ️️True Purchasers of a timeshare plan have a ten day contract rescission period in which to cancel the purchase - ️️True The Florida Fair Housing Act prohibits discrimination on the basis of handicap - ️️True A valid Declaration of Condominium must contain easements for ingress and egress to...

1. Condominium form of ownership is comprised of units owned by one or more persons and joint ownership of ________ share in the common elements. A. a percentage B. an undivided C. a proportional D. a complete - ️️B. an undivided Condominium means individual ownership of a unit coupled with joint ownership of an undivided share of the common elements as well as mandatory membership in the association. 2. Under the General Corporate Law _______, community associations have the righ...

PSYCHOLOGY PACKAGE DEAL QUESTIONS AND ANSWERS

NFHS FOOTBALL PACKAGE DEAL SUCCESS VERIFIED

GROUP LIFE INSURANCE PACKAGE DEAL|SUCCESS GUARANTEED

BIOD 151 PACKAGE DEAL| SUCCESS GUARANTEED

PSYC 2301 PACKAGE DEAL|SUCCESS GUARANTEED

BCIS 1305 PACKAGE DEAL |SUCCESS GUARANTEED

BIOL 130 PACKAGE DEAL SUCCESS GUARANTEED

AYPO REAL ESTATE PACKAGE DEAL QUESTIONS AND ANSWERS

The Original Legislation: - ️️The Real Estate Dealers Act of 1939 main piece of Texas law governing the licensing and behavior of real estate professionals in the state. - ️️The Real Estate License Act (TRELA) Licensing Duties were added in: - ️️1955 Broker license was changed from 2 years in the 36 month before the application to: - ️️4 Years in the 60 months before application TREC is the agency in charge of overseeing the licensing and professional activities of: -...

Forms published and promoted by the TREC for use in the Texas real estate profession are referred to as: - ️️️Promulgated forms The Texas Real Estate Commission (TREC) is a ___-member commission appointed by the governor with the advice and consent of the senate for overlapping ___-year terms. - ️️️9, 6 Contract law presents a particularly high risk of the unauthorized practice of law when a licensee chooses to do which of the following? - ️️️Create their own contract for...

"Psychological stigmas," which involve violent or catastrophic events on a property, fall under which category of disclosure? a. Required disclosures b. Prohibited disclosures c. Permitted disclosures d. None of these - ️️c. Permitted disclosures If there is a field in a promulgated form for which you have no information to include, your safest option is which of the following? a. Run a line through it b. Place "N/A" (not applicable) so it is clear that the buyer/buyer's ag...

If the base side of a triangular plot measures 45' and the height line measures 12', what is the area of the plot in square feet?([b x h] x ½ = A) - ️️270 square feet An applicant is allowed to use what electronic devices during the real estate exam? - ️️Hand-held calculator Convert the following fraction to a decimal for ease of computation: 31/25 - ️️1.24 What is the general formula to determine Capital Gain? - ️️Profit from Sale - Base Value = Capital Gain A pro...

Jackie has just signed up to participate in her employer's franchise life insurance program. Which of the following statements is CORRECT? As the "sponsor" of the program, her employer collects premiums from her and remits them to the insurance company. (Franchise life insurance is a form of group insurance covering employees of a common employer or are members of a common association. The employer or association is not the master policyholder but simply a "sponsor". Each insured is give...

A method of marketing group benefits to employers who have a small number of employees is the MET Blanket Life Insurance ART Small Employer Trust - ️️MET (A method of marketing group benefits to employers who have a small number of employees is the multiple employer trust (MET). METs may provide a single type of insurance (such as health insurance) or a wide range of coverage (life, medical expense, and disability income insurance). Under a group life policy, the insurer will issue ...

MegaMutual is performing group life insurance underwriting for a proposed group of Food Brokers, Inc. employees. Which of the following factors will normally not be considered in the insurer's risk selection decision? - ️️All the female emplyees / All of the employees of Food Brokers, Inc. are female. Kendra is a new employee at Blackstone Corporation and plans to participate in its group life insurance plan. After she signs up, what will she receive as evidence of her insurance coverage...