Questions and Answers
Why has the landlord violated F.S. 83?
The landlord failed to notify the tenant in writing of the bank name, address, and other information regarding the deposit.
What describes the situation where Sam handled transporting a contract for Donald?
This is a legal act as long as he acted only as a courier.
Which property is exempt from property taxes?
If the Federal Reserve votes to raise the discount rate, how will this likely affect interest rates on short-term credit?
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What are the steps taken when complaints of an alleged violation are made?
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The constitutional homestead law protects real property from forced sale to satisfy which type of delinquent debt?
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The federal telemarketing laws restrict telephone solicitation calls to what hours?
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Which lien is an example of a superior lien?
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If a tenant vacates rented premises at the end of a lease, how many days does the landlord have to notify the tenant about claiming part of the security deposit?
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How would the appraiser handle the value difference for the villas without pools?
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Which is not a remedy for breach of contract?
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What must a sales associate do to again work as a real estate sales associate if their license expired 20 months ago?
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Study Notes
Security Deposit Notification
- Landlords must provide written notification detailing the bank name, address, and deposit information to tenants.
- Failing to do so, as in the case of a tenant who paid a $1,200 security deposit, is a violation of F.S. 83.
Personal Assistant Role
- Personal assistants can handle tasks such as marketing under direction but may only act as couriers for contract transport, maintaining legality.
Property Tax Exemptions
- Churches are exempt from property taxes, unlike public institutions such as county courthouses and schools, or military properties.
Federal Reserve Discount Rate
- An increase in the Federal Reserve's discount rate typically leads to an increase in interest rates for short-term credit.
Complaint Process for Violations
- The process includes filing a complaint, investigating it, determining probable cause, and conducting hearings before a final order and potential judicial review.
Homestead Law Protection
- The constitutional homestead law protects real property from forced sales due to overdue real property taxes, but not for mortgages or credit card debts.
Telemarketing Call Restrictions
- Federal telemarketing laws limit solicitation calls to the hours of 8:00 AM to 9:00 PM.
Types of Liens
- A special assessment lien is an example of a superior lien, taking precedence over other types like judgment or income tax liens.
Notification of Security Deposit Claims
- Landlords must notify tenants within 30 days of moving out if they intend to claim any portion of the security deposit.
Appraisal Adjustments
- When appraising properties, additional features like a garage valued at $18,000 should be added to all comparable properties rather than subtracted from the subject property.
Breach of Contract Remedies
- Mitigated performance is not a recognized remedy for breach of contract, while compensatory damages, specific performance, and liquidated damages are.
Reinstating Expired License
- A sales associate whose license expired 20 months ago must complete Course I and pass the end-of-course exam to regain eligibility for real estate work.
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Description
Test your knowledge on essential real estate laws and regulations with this AZURE TIDE quiz. It covers important topics such as security deposits and tenant rights. Learn crucial legal details necessary for aspiring real estate professionals.
