Chapter 2--Ethics, Fair Housing, Trust Funds & Other legal issues
A broker refused to show a young Hispanic family of five a condominium about which they had inquired. The broker's action would be proper if-- The development has an age exemption because all occupants are 55 years of age or older
A broker refused to show a young Hispanic family of five a condominium about which they had inquired. The broker's action would be proper if-- The development has an age exemption because all occupants are 55 years of age or older
A broker showed African-American prospective buyers homes in African-American and racially mixed neighborhoods. He would show African-American prospects homes in predominantly Caucasian areas only if the prospects specifically requested to see homes in those areas. The broker's action would described as---- -Illegal -Unethical -Steering -All of these-------
A broker showed African-American prospective buyers homes in African-American and racially mixed neighborhoods. He would show African-American prospects homes in predominantly Caucasian areas only if the prospects specifically requested to see homes in those areas. The broker's action would described as---- -Illegal -Unethical -Steering -All of these-------
A broker with a disabled employee widened the doorway to the restroom to accommodate a wheelchair. This work was performed to comply with the-- Americans with Disabilities Act
A broker with a disabled employee widened the doorway to the restroom to accommodate a wheelchair. This work was performed to comply with the-- Americans with Disabilities Act
Advertising a home in an area occupied solely by members of a minority group only in newspapers directed toward that minority group would be regarded as--- steering
Advertising a home in an area occupied solely by members of a minority group only in newspapers directed toward that minority group would be regarded as--- steering
Americans With Disabilities Act (ADA) prohibits discrimination that would deny the equal enjoyment of goods, services, facilities, and accommodations in any existing place of public accommodation, based on an individual's physical or mental disabilities
Americans With Disabilities Act (ADA) prohibits discrimination that would deny the equal enjoyment of goods, services, facilities, and accommodations in any existing place of public accommodation, based on an individual's physical or mental disabilities
Article 10 of the Real Estate Commissioner's Rules and Regulations concerns the discriminatory activities of real estate licensees
Article 10 of the Real Estate Commissioner's Rules and Regulations concerns the discriminatory activities of real estate licensees
Blockbusting--process of induced panic selling
Blockbusting--process of induced panic selling
Holden act prohibits discrimination by-- Financial institutions
Holden act prohibits discrimination by-- Financial institutions
How much of a brokers personal funds may be contributed to a clients trust fund bank account to offset any bank service charges?-- $200
How much of a brokers personal funds may be contributed to a clients trust fund bank account to offset any bank service charges?-- $200
In 1947, a group of African-American brokers founded the National Association of Real Estate Brokers (NAREB) and adopted the word Realtist to designate their members
In 1947, a group of African-American brokers founded the National Association of Real Estate Brokers (NAREB) and adopted the word Realtist to designate their members
In case example #7 why would an agent make a disclosure about a property that might jeopardize the sale if CA law does not mandate the disclosure-- Nondisclosure may be legal under CA law but it may be unethical
In case example #7 why would an agent make a disclosure about a property that might jeopardize the sale if CA law does not mandate the disclosure-- Nondisclosure may be legal under CA law but it may be unethical
Redlining is prohibited by the:-- Holden Act
Redlining is prohibited by the:-- Holden Act
Redlining refers to a refusal to:-- Loan in designated areas
Redlining refers to a refusal to:-- Loan in designated areas
Redlining--the refusal to loan within an area
Redlining--the refusal to loan within an area
Steering--directing people of different races away from /toward particular areas
Steering--directing people of different races away from /toward particular areas
The CA Act that prohibits discrimination by all CA businesses is the-- Unruh Act
The CA Act that prohibits discrimination by all CA businesses is the-- Unruh Act
The Sherman Antitrust Act prohibits brokers from-- Agreeing with other brokers on minimum fees to charge
The Sherman Antitrust Act prohibits brokers from-- Agreeing with other brokers on minimum fees to charge
The best test of ethics is the Golden Rule
The best test of ethics is the Golden Rule
The civil rights act that applied only to race was the-- Civil rights act of 1866
The civil rights act that applied only to race was the-- Civil rights act of 1866
The fundamental basis for Fair Housing throughout the US stems from the--13th amendment
The fundamental basis for Fair Housing throughout the US stems from the--13th amendment
The now prohibited practice of secretly compensating agents who steered business to specific service providers is called-- Kickbacks
The now prohibited practice of secretly compensating agents who steered business to specific service providers is called-- Kickbacks
The real estate commissioners suggestions for professional conduct include that the agent:--- -Stay in close communication with clients or customers -Report violations of the real estate law to the Bureau of Real Estate -Submit all written offers in a prompt and timely manner -All of these ---------
The real estate commissioners suggestions for professional conduct include that the agent:--- -Stay in close communication with clients or customers -Report violations of the real estate law to the Bureau of Real Estate -Submit all written offers in a prompt and timely manner -All of these ---------
The state act that specifically prohibits discrimination in business establishments is the-- Unruh act
The state act that specifically prohibits discrimination in business establishments is the-- Unruh act
Three brokers agreed that they would not let a third broker show any of their listings. This action would be regarded as-- A group boycott
Three brokers agreed that they would not let a third broker show any of their listings. This action would be regarded as-- A group boycott
What is the best test to evaluate if an act is ethical?-- The golden rule
What is the best test to evaluate if an act is ethical?-- The golden rule
What is the ethical question that arises from the brokers actions of charging 11% commission rather than their usual 6%-- Charging twice the normal commission rate for no legitimate reason
What is the ethical question that arises from the brokers actions of charging 11% commission rather than their usual 6%-- Charging twice the normal commission rate for no legitimate reason
Which of the following actions dealing in trust funds would be a violation of the law?-- Placing trust funds in the personal care of a bonded employee
Which of the following actions dealing in trust funds would be a violation of the law?-- Placing trust funds in the personal care of a bonded employee
Which of the following statements regarding ethics is TRUE?-- Ethics tends to precede the law
Which of the following statements regarding ethics is TRUE?-- Ethics tends to precede the law
