Civil rights and fair housing

Sherman anti trust act

- A federal Law that prohibits any agreement in restrain of trade - First federal action against monopolies

Exemptions for fair housing act

1. the law Doesn't apply to the sale or rental of a single family home by its owner 2. the law Doesn't apply to the rental of a unit or a room in a dwelling with up to four units (mrs. murphy exemption) 3. dealing with their own property in noncommercial transaction, religious organization or societies or affiliated nonprofit organization 4. private clubs

Rumford Act - Fair Employment and housing Act

A California Civil Rights Law that prohibits all housing discrimination based on race color religion sex sexual orientation marital status national origin ancestry familiar status source of income or disability In sale lease or financing of housing Complaints are submitted to the Department of Fair Employment and Housing

Unruh Civil Right act

A California civil rights law that guarantees the right of all persons to use services provided by any business establishment - By any business establishment

Respa - real estate settlement procedures act

A Federal law that governs residential real estate closing prohibiting kickbacks form settlement services provides requiring lenders to make DISCLOSURES concerning closing cost to lan applicants and requiring closing agents to prepare a uniform settlement statement

Fair housing act OR The Civil act of 1968

A Law that makes it illegal to discriminate on the basic of race, color, religion, sex, national origin, disability or familial status in the sale of or rental of residential property

The Federal Truth-in-Lending Law (Regulation Z) gives the borrower a 3-day right of rescission when the loan is

A loan secured by a second deed of trust on owner-occupied single-family residence when the money is borrowed subsequent to the purchase

If a broker presents an offer to purchase real property for the listed price from a ready, willing, and able black buyer, and the offer is refused by the seller because of the buyer's race, the broker may:

A. Sue the seller for his commission; B: Advise the black buyer of his right to complain to the United States Department of Housing and Urban Development; C: Warn the seller that his refusal is a violation of the Fair Housing Act of 1968;

The stated policy of the Real Estate Commissioner is to create a "color blind" industry which can help society obtain voluntary, peaceful, equal opportunities in fair housing. What does this mean:

A: Maintain an attitude that is absolutely free from bias and "color blind"; B: That race, creed, or color is not a material fact in a real estate transaction; C: Do unto others as you would have them do unto you;

Blockbusting ( Panic Selling)

Attempting to induce owners to list or sell their home by predicting that members of another race or ethic group or pop;e suffering from some disability will be moving into the neighborhood. This violate anti discrimination laws

Civil Rights act of 1866

Based on race for any type of property

Holden Act - The California housing financial Discrimination Act

California civl rights law that requires lenders to ,make lending decisions based on the merits of the borrower and the security property rather than the neighborhood where the property is located By lenders in residential transactions

Which of the following state agencies is empowered to prevent acts of discrimination in housing accommodations in California because of race, color, sex, national origin, or ancestry:

Department of Fair Employment and Housing

The American with Disabilities (ADA)

Federal Law intended to ensure that people with disabilities have equal access to public facilities

Civil Rights act of 1964

In some federal program

A standard policy

Most buyers of real property receive which of the following types of policies of title insurance

Ginnie Mae Fannie Mae

Popular name for the Government National Mortgage Association

Redlining

Refusal by a lender to make loans secured by property in a certain neighborhood because of the racial or ethnic composition of the neighborhood

HUB

The federal cabinet department responsible for public housing programs FHA - insured loan programs and enforcement of the Federal fair housing act. The FHA and GINNIE MAE are both part of HUB

Rescission

The practice of one party canceling or terminated a contract, which has the effect of returning the parties to their original positions before the contract was made. Cancellation

Which of the following is the purpose of the Federal Truth-in-Lending Act:

To provide consumers information concerning the cost of credit

Duress

Unlawful force or contains used to comply someone to do something (such as sign a contract) against her will

According to the Seller Transfer Disclosure Act, a broker can

Visually inspect the property and reveal pertinent information The Seller Transfer Disclosure Act requires the broker make an inspection and reveal the results to the buyer. While the broker may have the right to do the other listed acts, the referenced law does not grant those rights.

Sterring

channeling prospective buyers to tenants to or away from particular neighborhoods based on their race religion national origin or ancestry