- Sabrina purchased an apartment building that has a net operating income of $48,000including operating expenses of $4,500. If the capitalization rate is 5%, what is the value of the property?
- The Florida Residential Landlord and Tenant Act requires landlords to account for advance rents and security deposits in one of three ways. Which of the following is not one of the choices the landlord has regarding advance rents and security deposits?
- Which of the following is an example of an "implied" easement?
- Which statement is false regarding the differences between a Department of Veterans Affairs (VA) loan and a Federal Fair Housing Administration (FHA) loan?
- If a farmer owned the N1/2 of the SW1/4 of the E1/4 of section 9 and held sold ½ of it, how many acres does he still own?
- A residential zone requires at least 7,500 square feet per lot. The developer is reserving 25 percent of the land for streets, sidewalks, and a community center. The tract of land for the development consists of 175 acres. How many residential lots are available for development?
- If a lot front is 150 feet, street paving costs are $20.00 per running foot, and the city will pay 30% of the paving costs, what will be the special assessment to the property owner?
- A developer owns 100 acres in Charlotte County, Fl and wants to create 20 lots with each lot being 21,780 square feet each. How many acres would he need to allocate for this project?
- Annual property taxes are $1,260. Closing is May 12. The day of closing belongs to the buyer. How is the proration entered on the Closing Disclosure?
- What is the gross rent multiplier of a property that rents for $5,000 a month and has a sales price of $600,000?
- A broker acquired a new customer and listed the customer's property on the MLS.The broker found a prospective buyer for the property but suddenly became ill. The broker was hospitalized for two months. During the hospitalization of the broker, the prospective buyer purchased the property. Which applies to this situation?
- The seller instructs the listing broker not to show his home to members of a protected class. The broker informs the seller that this is a violation of fair housing laws, but the seller is insistent. Which choice is the brokers best course of action under these circumstances?
- When a lender declares all the unpaid balance due and payable as a result of default, the lender is exercising which clause in a mortgage?
- If a sales associate lists a house for 7% commission and she is entitled to keep 70% of all commissions she earns, and she makes $34,055 on the sale. What was the sales price of the house?
- How many acres are in the N1/4 of the SW1/4 of the E1/4 of the W1/4?
- The comparable sales approach, often just called the sales approach is a direct application of which principle?
- The closing date is May 12. The buyer is assuming the seller's mortgage loan that has a principal balance of $395,000 at 3% interest. The day of closing is charged to the buyer.What is the proration and how is it entered on the Closing Disclosure?
- Calculate all applicable documentary stamp taxes and intangible taxes, (all three transfer taxes) for property located in Sarasota County:Purchase price $700,00Earnest money deposit. $46,890Recorded first mortgage (assumed) $217,410Second mortgage (new) $100,000Cash at closing $15,000
- Which of the following lists the protected classes of the Civil Rights Act of 1968 including amendments?
- On April 2nd a real estate broker entered into an exclusive right of sale listing. On April 12" the seller filed for bankruptcy. Two days later the broker found a buyer to purchase the property and submitted an offer. Which applies?