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POP QUIZ CHAPTER 1
Terms in this set (11)
to be certified and follow specific work practices
What is required of Oscar who disturbs the paint in a 40 year old house?
Can - email sellers about progress on a listed property, thanking past customers and updating the relationships. No false or misleading info. Can't - false or misleading header info, routing info must be correct, require an opt out, and commericial required to be identified as advertisement.
What is Tina allowed to do under the CAN-SPAM act? What can she not do?
Single Agent and no brokerage
What types of transactions require brokerage relationship disclosures?
Established Business Relationship
What term is found in the Junk Fax Prevention Act?
licensed by DBPR, have high school diploma, be of good character, complete 120 hours of prescribed education, and pass state exam
What are the requirements to become a home inspector?
A principal is responsible for the acts of whom?
Long term capital gains for someone in the 25% bracket are taxed at what rate?
Anti Trust Law - Conspiracy to set prices
Agents have lunch and decide to simultaneously raise their commission rates to 7% on residential property. What Law did they break?
Disclose information to seller
Liz is working as a single agent of her brokers sellers. She has been working with Amber, an investor in a non-rep role. When the investor tells her she is not certain she can get a loan because one of her properties was foreclosed on, what should Liz do?
honesty and fairness
acct for all funds
disclose material defects
skill, care, and diligence
present all offers
What are the duties of a transaction broker?
no disclosure requirements
Agents just listed a property in which the seller died of aids. What are the disclosure requirements? What if there had been a murder in the house?
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