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