Real Estate Practice Chapter 2
Real estate brokers are required to maintain records of each transaction for at least how many years
3
In order to be considered a senior living residence, at least 80% of the units must be occupied by persons ... years or older
55
Public accommodations for handicapped individuals is required under the
Americans with Disabilities Act
Steering is commonly associated with
Buyers
This federal law prohibits discrimination on the basis of race, sex, color, national origin, or gender in any housing program receiving federal money
Civil Rights Act of 1964
This federal law prohibits discrimination in the sale, rental, financing, or appraisal of housing on the basis of race, color, religion, gender, national origin, handicap, or familial status
Fair Housing Act of 1968
The Sherman Anti-Trust Act prohibits which of the following
Price fixing Market allocation Group boycotting
This federal law requires the disclosures to borrowers of settlement (closing) procedures and costs by means of a pamphlet and forms prescribed by the United States Department of Housing and Urban Development (HUD)
RESPA
The refusal to lend money within a specific area for various reasons is known as
Redlining
Which of the following is considered an illegal action under the fair housing laws
Steering Blockbusting Redlining
A long-term physical or mental impairment, condition, that substantially limits a person's major activities is known as a
disability
The Fair Employment Housing Act is also known as the Rumford Fair Housing Act
false
A landlord is not allowed to charge an increased security deposit for a tenant with a service animal
true
Blockbusting is also known as panic selling
true
Discrimination in advertising is covered under the Civil Rights Act of 1968
true
Ethics tends to precede law
true
Money, or other things of value, that a real estate agent receives on behalf of the principal or any other person involved in a transaction are known as
trust funds
Familial status became a protected class under the
1988 fair housing amendment act
A federal law protecting the rights if individuals with physical or mental impairments is known as the
Americans with Disabilities Act
The use of prejudice to instill fear, or panic, in order to motivate individuals in a particular are 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 federal law prohibits all discrimination on the basis of race only
Civil Rights Act of 1866
This court cased determined it was unconditional to refuse to sell a house on the basis of race
Jones v. Mayer
A federal legislation including the imposition of civil and punitive damages for anti-trust activities is known as the
Sherman anti-trust act
Using racial, ethnic, irreligious 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
The illegal mixing of personal funds with money held in trust on behalf of a client is known as
commingling
The unlawful appropriation of another's property or funds is known as
conversion
Moral principles that govern a person's or group's behavior are known as
ethics
Which of the following prohibited discrimination in housing whenever federal funds were involved
executive order 11603
Any licensed real estate broker or agent can call themselves a Realtor
false
Which of the following is considered a support or service animal
seeing-eye dog
