Florida Real Estate State Exam Prep Study Guide with Complete Solutions
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Course
Florida real estate
Institution
Florida Real Estate
Florida Real Estate State Exam Prep
Study Guide with Complete Solutions
Joint Ventures - Answer-is a temporary form of business arrangement often
encountered in real estate business.
Trade Names - Answer-is a business name other than the legal name of the
person doing business. The letters T/A...
Timing of disclosures - Answer✔✔-Must be sent to borrower with in 3 business days
of application, and @ least 7 business days before consummation. Lenders must deliver
to the borrower a copy of the appraisal report 3 business days before closing the loan.
Triggering Terms - Answer✔✔-Anything with number's is considered a triggering
term.
3-Day Right of Rescission - Answer✔✔-The borrower has the right to rescind (cancel)
the loan contract up to midnight of the third business day following the signing of the
loan documents.
Time Periods regarding Tenants Deposits - Answer✔✔-30 days: landlord must notify
tenant of how holding deposits
15 days: to return security deposit
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