A young man recently was hired by a major mortgage company in Tampa. Because he was unfamiliar with Tampa, the man purchased a r

Question

3 years ago

15

A young man recently was hired by a major mortgage company in Tampa. Because he was unfamiliar with Tampa, the man purchased a r

ental list for $200 from a local real estate company. He looked at several apartments described on the list but decided to purchase a condo instead of renting an apartment. Which statement applies to this situation

Business

1 answer:

Pavel [41] · Answer 1 · 2022-09-21T05:39:59+03:00

Question Completion with Options:

A) The man is not entitled to a refund, however, he may request that the $200 be applied to his down payment.

B) He is entitled to a refund of $200 if requested in writing within 30 days of the contract date.

C) He is entitled to a refund of $100 if requested within 45 days of the contract date.

D) He is entitled to a refund of $150 if requested within 30 days of the contract date.

Answer:

The statement that applies to this situation is:

B) He is entitled to a refund of $200 if requested in writing within 30 days of the contract date.

Explanation:

The Florida real estate laws provide that any real estate company that furnishes rental information to a prospective tenant for a fee must provide the prospective tenant with a receipt. The receipt should contain the repayment provision, which can be made under specified conditions. However, the young man is expected to make his demand for a return of any part of the fee within 30 days from the date of the broker/sale contract.