Gold Coast Real Estate, Practice Final Exam Questions and Answers 2023/2024 Realtor - Correct Answer 100 test A 40,000 mortgage for a term of 20 years was originated at an 8%interest rate,with monthly mortgage payments of 334.58 what is the principal balance remaining after the second monthly payment ? - Correct Answer $39,863.72 If the price of a lot $9 per square food how many square feet are contained in a lot that sells for 27000 - Correct Answer 3,000 what is the tax levy of a non-homestead property that is as seed at 36000 with a tax rate of 11 mills? - Correct Answer $396 When must a written no brokerage relationship notice be provided to customers? - Correct Answer Before showing homes that are listed Which of the following cannot be used by the federal reserve to change or control tHe money supply - Correct Answer Alter income tax rates A broker has an exclusive right of sale listing to sell an owner,s propertY with no others authority granted .what type of agency does the broker have with the principal? - Correct Answer Special agency A licensee is being disciplined by the FREC for multiple violations of f.s.475 which penalty may the commission not impose? - Correct Answer A fine not go exceed 5,000 and or imprisonment not to exceed one year A judgment is awardes against a licensee for 100,000.what is rhe maximum the complainnant may be compensated fromthe realestate recovery fund? - Correct Answer 50% What terms is applies to the practice of keepi low-income people out of a psrticular neighborhood? - Correct Answer Exclusionary zoning A transactionbroker - Correct Answer Owes limited confidentiality to both parties Foreclosureon the propedty teenan redeem in home what is term - Correct Answer Statutory right of redemption Which term is used to refer to the difference between: current market value of for a property and the amount the owner still owes on the mortgage - Correct Answer Equity Who determines the form for the closing states - Correct Answer The closing agent
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