As a court-appointed guardian, Marion serves as this type of agent. Tres owns a warehouse in an area that is zoned light industrial. What is the loan-to-value ratio? Which one of these elements listed has the highest priority? Hernando, a real estate attorney, is preparing an option contract for his client, Wilma. Which of these is usually a brass marker that is used to mark a datum? Which one of the following residential property managers' duties requires they ensure a steady stream of income for the owner by keeping the units filled and the vacancies to a minimum? Which of the following is the least specific method for describing a property? Which antitrust act defines indirect purchasers? What agency/act is designed to "preserve, protect, develop, and where possible, to restore or enhance the resources of the nation's coastal zone"? What type of real estate investment may meet the definition of being a security, and, therefore must adhere to the rules and regulations of the Securities and Exchange Commission? He doesn't qualify for traditional financing. If Carol finds her own buyer, does she owe Mardee a commission? When the first interest rate adjustment date arrives, the rate can be adjusted a maximum of 1%. Which of these is something that is NOT requested in the initial fair housing complaint form? What characterizes a development of regional impact? Which of the following would be considered an "immune" property? Which of the following methods of foreclosure does not involve the sale of the property? Start studying Quail. How do brokers/licensees obtain their commission? His lender's loan-to-value ratio is 80%. Submit an application and fee to the DBPR with the signature of the broker they wish to work under as a broker associate. Which of the following describes a buydown? Pronunciation /kwāl/ /kweɪl/ Translate quail into Spanish. Which of the following parties is permitted to void the contract? Quail definition is - any of numerous small gallinaceous birds: such as. Thom and Josie have lived in their Florida home for 15 years and it is their permanent residence. If a Florida property owner has a lien on their property for property taxes, what does it mean? The borrower turns the deed over to the lender rather than face foreclosure proceedings. In the sales comparison approach, using comparables that are five and 15 years old when appraising a subject that is 10 years old is an example of what? Which penalty type has imprisonment as a potential outcome? A few days later, he got another unwanted call from the licensee. Which of the following terms is a term used to describe the value of a property as it is currently being used by the owner? When the owners of the large acreage decided to subdivide it, they needed to have a legal description created for the five-acre lot. Who or which entity will investigate? The seller specifies a desired price for the property and agrees to pay the broker any amount received that's more than that price. Use adjusted prices from sold comparables and refine the range with data about active listings, expired listings, and possibly pendings. Which entity services rural development loans? To pass the Florida real estate sales associate examination, you'll need to score at least a ___________. A variance requires a show of hardship; a special use permit doesn't. When she applies for her real estate license, which conviction or convictions must be disclosed? Which of the following is true about chemicals in public water supplies? A group of investors bought property and developed a movie production studio. How long can this supervision last? Kevin is having an appraisal performed on a piece of property he's interested in buying. The crowd funding worked. This practice is known as ______. Non-governmental creditors cannot pursue liens against these properties. None of these; the corporation owns all of these things. When a property owner wishes to convey her property to a new owner, she will generally use a ______. So, it is the best replacement of the red meat for those who are suffering from high blood pressure problem. These requirements relate to what? Now you can start manufacturing your own line of yoga clothing. Which of the following tasks is she permitted to perform for her broker? The seller would not have accepted an offer had he or she known the fact. Bank B signed a subordination agreement related to Bank C's loan. The amount of consideration the optionee is paying the optionor. Which lease clause verifies facts that are already in writing? The kitchen is 10 feet by 15 feet, the living/dining combo is 20 feet by 25 feet, and the office and sunroom are each 10 feet by 10 feet. When does the buyer's agent, attorney, or lender contact the buyer to tell them the exact amount to bring to closing? If a community isn't growing in an orderly fashion, which local land use group would most likely be at fault? Which of the following statements is true regarding a partially performed sales contract that otherwise contains all of the essential elements? A survey that includes a legal description and a survey sketch. Is he now qualified to obtain a real estate broker license? Which one of these would NOT be an element of comparison an appraiser would use when applying the sales comparison approach to a property valuation? At the first meeting with real estate sales professional Nora, she asked them where they went to church. (uncountable) The meat from this bird eaten as food. If Justin wants to sue Connie for taking the grill, he must do so within ________. Who reviews transactional documents for accuracy prior to or at closing and requires the property to be free and clear of defects before approving the buyer's loan application? What clause in his mortgage stipulates this? Which type of federally related lending transaction is covered under RESPA? Seller Martin is looking at his closing disclosure. He and his wife are ready to sell their condo and purchase a new place. Which protected classes does DC's Human Rights Act add to those already protected under the federal Fair Housing Act? Which of these can be defined as a lender charging a borrower more than the highest allowable interest rate? You receive a call from another licensee who wants to show her buyer client your house. Jay has a listing agreement with Maury. What term refers to the dimensions, physical features, and contours of the land? With that said, most are cryptic colored, or colored to match their environment. Which of the following is an example of commingling? Fragrances, herbicides, and disinfectants are the primary contaminants. What license status is needed to perform real estate services? You've entered into a no-broker relationship with an unrepresented buyer who wants to see one of your listings. She must provide the buyers with a disclosure statement that outlines the association's restrictions. Real estate contracts must be in writing. Rob and Jill obtained a mortgage from Taylor Bank & Trust in 1998. Morty, a land surveyor, was called out to survey a property. Uniform Standards of Professional Appraisal Practice. The goal of genetic selection in poultry is to produce desirable characteristics. Promptly accounting for all monies and property entrusted to them by their client describes which fiduciary duty? What purpose does the promissory note serve? Great tips on how to pick the right breed, how to raise healthy quail, equipment needed, health problems, housing setup and more! Cheyenne is selling the family farm on an installment contract. He received a letter in the mail from his lender indicating the remaining amount of his loan is due immediately and in full. Which option defines an acceptable fee according to the Real Estate Settlement Procedures Act? What's the term for a title examination that searches title history going back fewer than 60 years? Except for quail, they are seasonal breeders, so the product is not available fresh all year round. Jimbo doesn't have a real estate license. What role is Beverly taking in this transaction? Determine whether the worker is exempt or non-exempt for purposes of the Fair Labor Standards Act. What's a change to an existing sales contract called? With their mother's agreement, Mary's sister, Tina, steps in, releasing Mary from her obligation. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Lara is not required to give any notice of non-representation to Trina. The developer of a new subdivision is placing residential properties closer together, allowing him to include large open spaces throughout the development to build bike and walking trails, as well as a community pool and recreation center. How large is a section used in the rectangular government survey system? A material fact would cause a reasonable person to either act or not act, if that fact were known. What are the first symptoms of carbon monoxide poisoning? On April 1, 2014, she took out a home equity loan on the property with Bank B. How does a home loan interest rate relate to housing affordability? If you move, you'll need to update your mailing address and email address with the DBPR within _______ days or you may receive a citation and a $500 fine. What is Dashiell looking at? Meaning of quail. This is an example of ______. Florida examinees are notified of their examination results by ______? How many years of experience must a licensed sales associate in Florida have before applying for a broker license? How much longer do you have to be affiliated before you qualify for a broker's license? What must Chester disclose to prospective buyers? What can she do? What type of capital gains may property owners encounter? The licensee can add addenda to the contract if they use standard addenda and standard language. When working with a client on a real estate sale, a real estate licensee is usually which type of agent? Definition of quail in the Definitions.net dictionary. A buyer is purchasing a property for $400,000. How is the broker's commission usually paid out? After a few years in business, the state passed regulations limiting the amount of tax incentives it would offer film studios shooting movies in the state. 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