Disclosure & Consumer Protection

Ethics in the real estate business would be:

What the local states, boards, and association would formulate

A body of federal and state laws designed to prohibit and regulate deceptive advertising and sales practices are known as ____ laws

Consumer Protection

Owner of two apartment buildings in the same area but with different amenities make an arrangement to show certain people to a specific building. This market allocation action would be in violation of

Anti-trust laws

A sales person is told by his client not to disclose the fact that during heavy rains, the basement takes on water. The agent must

Disclose the defect to any interested buyers

A group of local real estate brokers are having three annual meeting. What topic should be avoided in their conversations.

Discussion of their personal commission schedules

What government agency enforces the Do Not Call List?

FTC (FTC enforces the DO NOT CALL LIST)

When a property is sold as is condition, this means

The seller will not many any necessary repairs