Florida Real Estate exam Important dates and time periods

Florida Real Estate exam Important dates and time periods Flashcards Notice required for a week to week tenancy at will.(Chapter 7)

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Time period after notice is posted by sheriff that eviction will take place and landlord recovers the property. (chapter 6) 24 hours Period required to retain brokerage relationship disclosures for all transactions that result in a written contract.

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Number of days to correct minor infractions listed in notice of non compliance.15 days Number of days for landlord to notify tenant if making a claim on a deposit.30 days Maximum period of suspension. (chapter 5) 10 years Notice to cancel time share contract by developer or resale.10 days Number of days for lender to provide APR disclosure (or at time of loan application). (chapter 6)

• business day

Notice to cancel resale cooperative or condominium contract. (chapter 7)

• business days

Penalty for second degree misdemeanor. (chapter 5)60 days and/or $500 fine Time period allowed to file claim against recovery fund.(chapter 5)

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Number of days after which a final order becomes effective.30 days Number of days to file a construction lien. (retroactive to the date of the first delivery of material or the first day of work) (chapter 8) 90 days Number of days to notify the DBPR regarding a change of business address or a change in current mailing address.10 days Time period for broker to deposit funds into escrow account.end of third business day (time begins the day after the broker is given the money) If broker is given money on Monday, then Tuesday is day one, Wednesday is day two and money has to be deposited by the end of day three (Thursday).Number of days a licensee has to accept or file a written objection to a citation. (chapter 5) 60 days Time period to enforce written contracts under the statute of limitations.

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Number of years of hostile possession to claim adverse possession. (chapter 8)

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Number of days to give loan applicant an estimate of settlement costs (or at time of loan application). (Chapter 6)

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Time period for sales associate to turn funds over to broker.end of next business day Time period to file an appeal.30 days Time period for tenant to file a written objection to the landlord's claim on deposit.15 days Number of days a sales associate, broker associate, or an instructor has to notify the FREC of a change of employer?10 day Notice required to cancel month to month tenancy at will.15 days Time period to enforce oral contracts under the statute of limitations.

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Minimum time period of uninterrupted use to create an easement by prescription. (chapter 8) 20 years Number of days borrower has the right to cancel the loan contract following loan documents for home equity lines of credit, second mortgages, and refinance loans. (chapter 6)

• business day

Time period after transfer title, regarding a building code violation, to forward to the code enforcement agency the name and address of the new owner and a copy of the disclosures given to the buyer. (chapter 9)

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Time period after which involuntary inactive license becomes null and void.

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Notice to cancel cooperative or condominium contract with developer. (chapter 7) 15 days Time period sellers must allow home buyers to conduct an inspection for the presence of lead based paint. (chapter 9) 10 days Time period from the day the discriminatory act occurred to file a complaint with the HUD.

• year

Time period allowed to cancel contract under the Interstate Land Sales Full Disclosure Act. (Chapter 6)

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Number of days for landlord to return security deposit if not making a claim on deposit.15 days Grace period after discharge from military duty to renew license?

• months

Number of days to give information booklet concerning settlement costs to loan applicant (or at time of loan application).

• business day

Penalty for first degree misdemeanor. (chapter 5) 1 year and/or $1000 fine Number of days landlords of 5 or more units have to inform tenants regarding how funds are being held.30 days