Select the action that falls within the duties and powers of the Florida Real Estate Commission. determining the guilt of a broker who has engaged in theft and ordering an appropriate prison sentence conducting a trial regarding criminal charges against a licensed sales associate who is accused of assault creating a law that title companies must follow in order to streamline the closing process establishing a fee for real estate license reinstatement
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- Select the action that falls within the duties and powers of the Florida Real Estate Commission. determining the guilt of a broker who has engaged in theft and ordering an appropriate prison sentence conducting a trial regarding criminal charges against a licensed sales associate who is accused of assault establishing a fee for real estate license reinstatement creating a law that title companies must follow in order to streamline the closing process SubmitUpon becoming employed by a state-licensed mortgage company, an individual who works for a depository institution as a mortgage loan originator (MO) shall not be desmed to have temporary authority to set as an MLO in an application state if which of the following events has occurred? A) The individual has been a witness in a trial where the defendant was convicted of felony fraud. B) The individual has been subject to a court order for payment of child support. C) The individual had an application for an MLO license denied or an MLO license revoked or suspended in any governmental jurisdiction. D) The individual has submitted an application to be a state-licensed MLO in the application state and was registered in the MLS as an MLOUpon becoming employed by a state-licensed mortgage company, an individual who works for a depository institution as a mortgage loan originator (MO) shall not be desmed to have temporary authority to set as an MLO in an application state if which of the following events has occurred? A) The individual has been a witness in a trial where the defendant was convicted of felony fraud. B) The individual has been subject to a court order for payment of child support. C) The individual had an application for an MLO license denied or an MLO license revoked or suspended in any governmental jurisdiction. D) The individual has submitted an application to be a state-licensed MLO in the application state and was registered in the MLS as an MLO by the prior employer.
- 88. when may an agent in Florida write controlled business If writing an amount of similar business equal to or greater than If writing an amount of similar business of at least twice the amount of controlled business If accepting no commissions on the controlled business If not advertising to the general public as an insurance agentUpon becoming employed by a state-licensed mortgage company, an individual who works for a depository institution as a mortgage loan originator (MLO) shall not be deamed to have tamporary suthority to act as an MLO in an application state if which of the following events has occurred? A) The individual has been a witness in a trial where the defendant was convicted of felony fraud. B) The individual has been subject to a court order for payment of child support. C) The individual had an application for an MLO license denied or an MLO license revoked or suspended in any governmental jurisdiction. D) The individual has submitted an application to be a state-licensed MLO in the application state and was registered in the NMLS as an MLO by the prior omploverDuties and Liabilities of Corporate Directors Discuss the extent to which a director should be held liable for breaching his or her duty of care if he or she simply neglects to read materials regarding issues to be voted on at board meetings or neglects to show up for these meetings. 2. Should such a person be equally or less liable than a director who knowingly votes to approve an illegal or harmful act?
- Subject: Business Law and Regulations Topic: Nonstock corporation ABC Foundation engaged in providing feeding programs to homeless children and giving of food packages to victims of calamities using the funds of the foundation for this purpose. Mr. X, who is a member of the foundation is in a quandary as to whether or not the practice of the foundation in using its funds for the mentioned purposes is valid. He is quite fearful that with recent surge in calamities, it might deplete the resources of the foundation, and therefore, affect his own interest having made a contribution therein. He intends to question this practice of the foundation. Is his intention meritorious?H. J., Inc., and other customers of Northwestern Bell Corp. alleged that Northwestern Bell had furnished cash and tickets for air travel, plays, and sporting events and had offered employment to members of the Minnesota Public Utilities Commission in exchange for favorable treatment in rate cases before the commission. A Minnesota statute makes it a felony to bribe public officials. H. J. and other customers brought suit against Northwestern for violating the criminal bribery statute. Can the customers bring a criminal action? [H. J., Inc. v. Northwestern Bell Corp., 420 N.W.2d 673 (Minn. App.)] Baker and others entered a Wal-Mart store shortly after 3:00 a.m. by cutting through the metal door with an acetylene torch. They had moved some of the merchandise in the store to the rear door, but the police arrived before the merchandise could be taken from the store. Baker was prosecuted for larceny. He raised the defense that he was not guilty of larceny because no merchandise had ever…4. Joe is a financial planner in the state of Iowa. Although he attended one year of law school, Joe is not a licensed attorney. Which of the following actions would be considered the practice of law? a. Drafting wills, trust documents, and powers of attorney. b. Reviewing wills, trust documents, and powers of attorney. c. Directing a client to seek legal advice from a licensed attorney. d. Acting as trustee for a client's trust.
- A co-worker of Illinois licensee Mona shared a client’s confidential information with her and asked Mona not to tell anyone. Instead of keeping it to herself, Mona gave the information to another licensee. Which statutory duty has been breached? Adhere to the brokerage agreement’s terms Employ reasonable skill and care in performing brokerage services for the client Keep all confidential information provided by the client confidential Serve the client’s best interestsGiordana borrows $225,000 for Hearthstone Credit Union to buy a home, which secures the loan. Five years into the term, Giordana stops making payments. Hearthstone forecloses and sells the property, but the proceeds are not enough to cover the unpaid amount of the loan. Hearthstone could now obtain a.a short sale b.a redemption c.a deficiency judgment d.a guaranty e.nothing moreThe overall responsibility of a fiduciary estate manager is to a. make certain that payment of the decedent’s valid creditor’s claims is avoided b. avoid allowing the legitimate claims of non-probate beneficiaries c. minimize estate taxes d. “maximize” the value of the estate for which he or she is responsible for the beneficiaries of that estate