Real Estate [Chapter 2]

Lenders must perform what when determining if an individual qualifies for a loan, which is based on objective measures...?

Credit Based Lending

Stating an inaccurate square footage of a property is an example of?

Misrepresentation

Which of the following is a California counterpart to the federal anti-discrimination laws?

The Unruh Civil Rights Act The Rumford Act The Holden Act

If the HUD fair Housing Equal opportunity poster is prominently displayed in a place of businesses relating to housing,The burden of proof for any discriminatory act falls on?

The accuser

To mingle or mix, for example, a client's funds in the broker's personal or general account is known as...?

commingling

Generally speaking, which law prevails over state law?

federal law

Any fact that would influence the decision of a reasonably prudent person is known as a...?

material fact

An advertisement that remains anonymous as to who is adverting is?

Blind advertisement

The use of prejudice to instill fear or panic in order to motivate individuals in a particular area or neighborhood to sell or dispose of their property because of the entrance, or potential entry, of a protected class is known as...?

Blockbusting

This Civil Rights Act expanded the protected classes beyond race to include color, religion, sex, and national origin...?

Civil Rights Act of 1964

A principal of an owner-occupied 4 family residence is exempt from Federal anti-discrimination laws if they use a licensed broker to help find a new tenant...?

False

All federal fair housing complaints should be filed with who...?

HUD

The "Strictest Standard rule" applies when dealing with what?

Health, Safety and welfare of the public

This consumer protection statute helped eliminate kickbacks and referral fees that unnecessarily increased the costs of certain settlement services...?

RESPA

The refusal to lend money within a specific area is known as...?

Redlining

This states that the stricter law (Federal Vs.State) will prevail and take precedent?

Strictest Standard Rule

The HUD Fair housing equal opportunity poster is required to be posted in a prominent position in any business that's related to housing (T/F)

TRUE

Which of the following is a California counterpart to the federal anti-discrimination laws with regards to redlining?

The Holden Act

Which of the following is a California counterpart to the federal anti-discrimination laws with regards to blockbusting?

The Rumford Act

Which of the following is exempt from Federal Anti-discrimination laws?

The principal of an owner-occupied 1-4 unit residence

Sellers and agents should use this form to disclose any known defects with the property...?

Transfer Disclosure Statement

In the state of California, race is NOT a material fact

True

Funds are held by a real estate broker, in trust for clients and/or customer known as

Trust funds

Using racial, ethnic, or religious criteria in suggesting, recommending, and/or influencing individuals regarding locations for the purchase or rental of a single family residence or rental dwelling is known as...?

steering

Steering is the opposite of this illegal discriminatory act, which encourages individuals to sell...?

Blockbusting

This court case determined that sellers and their agents must disclose all facts that they knew or should have reasonable known?

Easton vs Strassburger

Which of the following is a California counterpart to the federal anti-discrimination laws with regards to discrimination in commercial and business establishments?

Unruh Civil Rights Act

This federal law requires that private entities, including business, establishments, are accessible to individuals who are disable and those business establishments that are accessible to the public make reasonable accomendations?

Americans with disabilities act

This Civil Rights Act prohibited discrimination on the basis of race only...?

Civil Rights Act of 1866

If the HUD Fair Housing Equal Opportunity poster is NOT prominently displayed in a place of business relating to housing, the burden of proof for any discriminatory act falls on who...?

a place of business