Carli is a landlord in Florida. She places all security deposits and advance rents into an interest-bearing account in a Florida bank. Which Act makes this legal? This is not legal. Under the Florida Real Estate Commission's statutes, a landlord can only place security deposits and advance rents in a non-interest bearing account. the Florida Housing and Urban Development Act the Florida Residential Landlord and Tenant Act the Real Estate Procedures Act

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Carli is a landlord in Florida. She places all
security deposits and advance rents into an
interest-bearing account in a Florida bank.
Which Act makes this legal?
This is not legal. Under the Florida Real Estate
Commission's statutes, a landlord can only
place security deposits and advance rents in a
non-interest bearing account.
the Florida Housing and Urban Development Act
the Florida Residential Landlord and Tenant Act
the Real Estate Procedures Act
Transcribed Image Text:Carli is a landlord in Florida. She places all security deposits and advance rents into an interest-bearing account in a Florida bank. Which Act makes this legal? This is not legal. Under the Florida Real Estate Commission's statutes, a landlord can only place security deposits and advance rents in a non-interest bearing account. the Florida Housing and Urban Development Act the Florida Residential Landlord and Tenant Act the Real Estate Procedures Act
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