What grounds can she file? He applies and gets his license on time. is charged to a seller who is paying a loan off prior to the maturity date. They all sign a property management agreement that lists all the names and addresses of the owners, the legal description of the property, and the method and schedule of compensation. (a) Ask the Administrative Law Judge to subpoena the witness to testify. w automatically. (c) $5,000 fine and imprisonment for up to 5 years. House A had one more bedroom and a screened-in porch compared to the subject house; House B had two fireplaces where the subject house had one; and House C had a three-car garage when the subject house only had a two-car garage. A broker desires to keep an escrow account in an interest bearing account. Which principle of value did the appraiser use in determining the value of the property? Home Savings wants to be in the higher priority than First Federal since they have a larger loan. (a) Suspend the licensee's license for ten years Which is not a term or condition of an amortized loan? As agents, it's important to turn that escrow check in immediately. Nathan made out his last will and testament with his attorney. It may have a trade name rather than the name of the owner. Is there any disciplinary action for The listing agent who did not change the status from active to pending sale during the time of the transaction , specially when the deal did no go through and doesn't want to release the deposit? (Section 475.42(1)(a), Florida Statutes). (Sectio, ns 475.25(1)(h) and 475.011(13), Florida Statutes), A single sales associate can act as an agent for both the buyer and the seller in a commercial transaction, as long as the buyer and seller each have assets of $1, million or more and have signed the required disclosures. Anyreal estate licensee can auction real property, even if they do not havean auctioneers license. On November 30, the broker was deemed by a judge to be incompetent. (a) To extend the meaning of the law. Can the property be used for a commercial purpose? The fulfillment of the purpose of agency is completed (the transaction is completed). Based on the above data, prepare a variable costing income statement for Procter & Gamble Company, assuming that the company maintained constant inventory levels during the period. He was of legal age, the will had the proper wording, and had the correct number of witnesses. Voluntary alienation means that the grantor is involved in the transfer; in involuntary alienation the grantor is either not involved or it is against his wishes. She has a Homestead exemption. Jennifer, the owner, and Jacob, a licensed Florida salesperson, make a handshake deal allowing Jacob the right to sell Jennifer's condo for a six-month period. :::STATE EXAM CONTENT AREA: VI.A: COMPLAINT PROCESS - SEVEN STEPS::: ** The Disciplinary Process - Step 1) COMPLAINT. Two weeks later, a seller comes in and lists his property. (Section 475.25(1)(r), Florida Statutes). Justin is an unlicensed person and he has been appointed a trustee of a special needs trust for his nephew. :::STATE EXAM CONTENT AREA: VI.B.2: VIOLATIONS AND PENALTIES - GROUNDS FOR SUSPENSION::: - FREC may suspend the license of a licensee for up to 10 years. Real estate team or group names shall not include the following words: (a) Agency (b) Associates (c) Brokerage (d) Brokers (e) Company (f) Corporation (g) Corp. (h) Inc. (i) LLC (j) LP, LLP or Partnership (k) Properties (l) Property (m) Real Estate (n) Realty (o) Or similar words suggesting the team or group is a separate real estate brokerage or company. [CDATA[// >