Level 7 Real Estate

How long does person who believes that they have been injured by the discriminatory practices of a real estate license holder have to file a complaint with HUD? two years one year five years six months

1 year

Under the ECOA, it is legal for a lender to ask if a borrower is separated. FALSE TRUE

True

What is the best definition of blockbusting? the practice of advising a person seeking to buy or rent a dwelling in a manner that perpetuates segregated housing the practice of encouraging people to sell their homes due to beliefs about how the entry of a protected class will affect an area's property values the practice of limiting the number of loans or the loan-to-value ratio in certain areas of a community or city the practice of changing the financial terms of a loan because of an applicant's membership in a protected class

the practice of encouraging people to sell their homes due to beliefs about how the entry of a protected class will affect an area's property values

What is another word for the illegal practice of panic selling? Blockbusting Redlining Steering Novation

Blockbusting

Sally and Fred are two single people buying a home together. The lender is threatening to deny them a loan because he does not like their lifestyle. If the lender does that, it will be a violation of the: ECOA CFPB RESPA CRA

ECOA

A tenant comes to a property manager asking to put in shower bars to accommodate their disability. When they property manager informs the landlord, the landlord balks, because the tenant is not a wheelchair user. What should the property manager do? Choose the BEST option. Inform the landlord that not all disabilities are visible, and warn them they could be violating the Americans With Disabilities Act by refusing the accommodation. Tell the tenant the landlord said no, because they are not a wheelchair user. Inform the landlord that not all disabilities are visible, and warn them they could be violating the Fair Housing Act by refusing the accommodation. Tell the tenant that if they want to make alterations to the property, their rent will go up $150 a month.

Inform the landlord that not all disabilities are visible, and warn them they could be violating the Fair Housing Act by refusing the accommodation.

You are working with a Black buyer, Tom, and you decide to show him homes in a neighborhood with a high Black population. This illegal act is known as: steering blockbusting redlining coding

steering

Landlords are required to allow tenants to make modifications to their property in order to accommodate their disability. Who's responsible for paying for these modifications? the tenant the local city government 50/50 split between the tenant and landlord the landlord

the tenant

Why do most brokerages fall within the scope of the ADA, and therefore must be extra careful about accessibility? because there is an addendum to ADA specifically pertaining to brokerages because they have under 15 employees because of their location or because they have 15 or more employees because it becomes a fair housing issue if brokerages are inaccessible

because of their location or because they have 15 or more employees

At what age does a child living with his or her parents no longer qualify for familial status protection under the Fair Housing Act? 21 26 18 16

18

Carla has clients looking for a rental property who only speak Spanish. What should she do to accommodate them? provide them with the official translated lease forms tell them it will be hard to find a property that "meets their special needs" only show them properties with Spanish-speaking landlords only show them properties in majority Spanish-speaking areas

provide them with the official translated lease forms

Which of the following phrases would be considered discriminatory if used in an advertisement? "hardwood floors" "located near the university" "2-2 available for rent in Central Brooklyn" "Christian neighborhood"

"Christian neighborhood"

Which of the following statements accurately describes the basic issues involved in the Jones v. Mayer Co. case? An owner refused to rent out a home due to the lessee's sexual orientation and was found guilty of under Title VIII of the Civil Rights Act of 1968. A real estate agent refused to show a property due to the renter's religion and was found guilty of violating the Thirteenth Amendment. An owner refused to make an exception to a "no pets" policy and was found guilty of violating the federal Fair Housing Act. A real estate company refused to sell a home because of the prospective buyer's race and was found guilty of violating the Civil Rights Act of 1866.

A real estate company refused to sell a home because of the prospective buyer's race and was found guilty of violating the Civil Rights Act of 1866.

Which was the first housing discrimination protection act? Civil Rights Act of 1804 Civil Rights Act of 1968 Civil Rights Act of 1988 Civil Rights Act of 1866

Civil Rights Act of 1866

The ____________was passed to help eliminate redlining.

Community Reinvestment Act

If a lender refuses to make Harry a 30-year mortgage just because Harry is 85 years old, they will have violated the ________________.

Equal Credit Opportunity Act

An elderly couple is going to rent their vacant basement for extra income. The couple does not want a family with children. The couple asks their granddaughter, who is a real estate agent, to help them with finding tenants. Is this legal? Why or why not? No, the couple is not allowed to discriminate against families with children if they are helped by their granddaughter because she is a license holder. Yes, but the couple will only be allowed to discriminate against families with children if they do not pay their granddaughter any type of commission. No, it is never legal to discriminate against families with children. Yes, since the couple is renting their own space, they are exempt from discriminating against families with children.

No, the couple is not allowed to discriminate against families with children if they are helped by their granddaughter because she is a license holder.

Which federal act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate? The Community Reinvestment ActThe Home Mortgage Disclosure ActThe Equal Credit Opportunity ActThe Fair Housing Act

The Community Reinvestment Act

The protected class of disability is defined as anyone who has: a mental impairment that affects the performance of some significant activities a physical or mental impairment that affects the performance of one or more major life activities an addiction to illegal drugs a physical impairment that affects the performance of major life activities

a physical or mental impairment that affects the performance of one or more major life activities

Which of these tenants is protected by the Fair Housing Act? a man with an unmedicated mental illness and a history of violence a man whose 18-year-old high school senior son lives at home with him a seeing-impaired woman who uses a service dog in a pet-free building a woman with a heroin addiction

a seeing-impaired woman who uses a service dog in a pet-free building

What is a protected category according to Texas fair housing laws, but not national ones? religion student status familial status ancestry

ancestry

Protected classes in the Fair Housing Act of 1968 include race, color, religion, national origin, sex, disability, and what other category? familial status gender presentation sexual orientation income

familial status

What two important classifications were added to the list of protected classes under the 1988 Housing and Community Development Act amendment? religion and color income and age familial status and disability sex and race

familial status and disability