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22 Cards in this Set
- Front
- Back
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At least one active broker requires to |
Register a real estate brokerage firm |
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14 calendar days to find |
New active broker if only active broker dies, resigns, is replaced (if not registration automatically cancelled |
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8 a.m. to 9 p.m. call hours |
Telephone consumer protection act tcpa |
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$16,000 fine for |
Each illegal call tcpa |
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Call up to 3 months after |
Business inquiry National Do Not Call list |
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Call up to 18 months if |
Established business relationship |
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Over $10,000 cash deposit |
Broker must report to IRS |
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Up to $1,000 broker funds |
Allowed in sales escrow account |
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Up to $5,000 broker funds |
Allowed in Property Management escrow account |
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Within 10 business days |
Deposit notification if deposited with title company or attorney |
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One business day (latest) |
Associate deliver deposit to broker |
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Preserve records at least 5 years |
Brokerage business records |
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15 days to cancel contract |
New condo (broker not required to notify frec) |
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Three business days to cancel contract |
Existing condo (broker not required to notify frec) |
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For settlement proceedings |
1.Mediate 2. arbitrate 3. litigate 4. EBO (MALE) |
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Within 15 business days |
Notify frec of conflicting demands |
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Within 30 business days |
Institute one settlement procedures (MALE) |
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Within 30 business days |
Notify frec if dispute is settled before frec issues EDO |
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75% refund to tenant |
if prospective tenant does not obtain a rental |
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A 100% refund to tenant |
If information is not current or accurate and any material respect |
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30-day to demand refund |
Prospective tenant buys list on May 1st: May 31st is 30 days |
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First-degree misdemeanor crime |
Violation of rental list law and rules |
