Florida Real Estate Principles, Practices & Law, 39th Edition

Errata (2017-01-31)

At Dearborn™ Real Estate Education, we are proud of our reputation for providing the most complete, current, and accurate information in all our products. We are committed to ensuring the kind of quality you rely on. Please note the following changes, which will be reflected in the next printing of Florida Real Estate Principles, Practices & Law, 39th Edition.

Page/Location / Was / Change to
85, first paragraph / Violators of the federal law may be fined up to $11,000 for each illegal call. / Violators of the federal law may be fined up to $16,000 for each illegal call.
85, Figure 5.3 / $11,000 fine per violation / $16,000 fine per violation
102, margin note / 608 F.S. / 605 F.S.
102, Limited Liability Companies / Limited liability companies are formed under Chapter 608, F.S. / Limited liability companies are formed under Chapter 605, F.S.
106, Summary of Points, bullet 6 / Violators of the federal Telephone Consumer Protection Act may be fined up to $11,000 per call. / Violators of the federal Telephone Consumer Protection Act may be fined up to $16,000 per call.
395, first paragraph / To prevent foreign sellers from avoiding the payment of taxes due on the sale of real property, the IRS requires that buyers withhold 10% of the gross sale price (including cash paid and any debt assumed by the buyer). / To prevent foreign sellers from avoiding the payment of taxes due on the sale of real property, the IRS requires that buyers withhold 15% of the gross sale price (including cash paid and any debt assumed by the buyer).
425, 43. / Business brokers appraise businesses using appraisal methods similar to real estate appraisal EXCEPT
a. stock, bond, and debenture analysis.
b. asset appreciation analysis.
c. working capital analysis.
d. liquidation analysis. / Which type of appraisal technique is unique to business appraisal?
a. Stock, bond, and debenture analysis
b. Asset appreciation analysis
c. Working capital analysis
d. Liquidation analysis
465, 12 / executive / quasi-legislative
465, 13 / quasi-legislative / quasi-judicial
465, 14 / quasi-judicial / executive

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