ARCHIVED BLOG POSTS
2011
2
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Landlord must account for deposits and advance rents 1.Hold money in a separate noninterest-bearing Florida bank account 2.Hold money in a separate interest-bearing Florida bank account and pay the tenant at least 75% interest or 5% per year simple interest 3.Post a bond for amount of security de...
06/06/2011
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A Landlord may enter the property at any time in case of emergency. Otherwise, the landlord is obligated to give a tenant reasonable notice of at least 12 hours. This information is courtesy of Rowlett Real Estate School www.rowlettrealestateschool.com free to visit our class schedule and online...
06/06/2011
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-30 days - To notify tenant in writing of method used to hold tenant's deposit -15 days - To return deposit if landlord does not make a claim on deposit -30 days - For landlord to notify tenant if making a claim on deposit -15 days - For tenant to object in writing to claim on deposit. This inf...
06/05/2011
2
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The 3 day right to rescission (right to cancel a loan) DOES NOT apply to *acquisition loans to purchase or build a home. *This is because an acquisition loan is typically only used for a short window of time, and only for specific purposes such as a home equity line of credit, second mortgage...
06/05/2011
1
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It is a violation of the Fair Housing Act to do any of the following Activities: •Steering -Channeling home seekers to or away from neighborhoods •Blockbusting -Using entry or rumor of entry of protected class to urge owners to sell •Redlining -Denying loans or insurance coverage or different ter...
06/05/2011
1
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Discrimination is illegal in sales, leasing, advertising sales or rentals, financing, or brokerage services if based on •Race •Color •Religion •Sex •Handicap •Familial status •National origin.No protection is given under the Fair Housing Act to individuals based on age, occupation, marital status...
06/05/2011
1
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The Civil Rights Act of 1866 states that: -All citizens of the United States shall have the same right, in every State and Territory, as is enjoyed by white citizens thereof to inherit, purchase, lease, sell, hold and convey real and personal property. This information is courtesy of Rowlett Real...
06/05/2011
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The federal government and all state governments have enacted laws to ensure that the public interest in real estate is adequately protected.»The civil Rights Act of 1866 prohibits any type of discrimination based on race in any real estate transaction without exception. This law is still in for...
06/05/2011
1
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Concurrency - Is a provision in Florida's Growth Management Act that mandates that the infrastructure, such as roads and water and waste treatment facilities needed to support additional population, be in place before new development is allowed. This information is courtesy of Rowlett Real Estat...
06/05/2011
1
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Blockbusting Is the he illegal practice of inducing homeowners to sell their property by making misrepresentations regarding the entry or prospective entry of minority persons in order to cause a turnover of properties in the neighborhood; discriminatory acts against sellers. This information is ...
06/05/2011
Rainmaker
2,487,272
2,487,272
Captain Wayne - Rowlett Real Estate School
Rowlett Real Estate School / Owner and Instructor