chapter 11
The main purpose of the Federal Open Housing Law is to prevent discrimination in housing based on race, color, creed, religion or national origin. A violation of this Law is considered?
Against public policy Illegal unlawful
A group of investors wish to form a real estate syndicate in which it can limit the liability of the members. To satisfy this desire the group could form a?
Corporation Real Estate Investment Trust Limited Partnership
Complaints for alleged violations of the California Fair Employment and Housing Act are filed with the:
Department of Fair Employment and Housing
A subdivision is defined under the California Real Estate Law as land which is?
Divided for purposes of sale, lease or financing into five or more parcels.
The Real Estate Commissioner's authority over the sale of a subdivision would include which of the following?
Financial arrangements to insure completion of community facilities
The Health and Safety Code specifies certain minimum requirements with regard to the sanitary facilities of a new subdivision. Approval and control of sanitation facilities in a new subdivision rests with the local?
Health Officer
The landmark case of the United States Supreme Court which prohibited discrimination in housing was?
Jones vs. Mayer
Under current California law, the Corporation's Commissioner has control over which of the following types of syndicates?
Limited partnerships Small corporations Real Estate Investment Trusts
An owner plans to divide a parcel of land into nine smaller parcels and intends to sell three parcels each year for the next three years. The owner:
Must comply with the subdivision map act Must obtain a final subdivision report from the Real Estate Commissioner
The housing and construction industries are regulated and controlled by?
State Contractors License Law State Housing Law Local Building Codes
Every city and county in California by state law must adopt:
a general plan
Which of the flowing would be considered a material change in a subdivision and must be reported to the Commissioner?
a new method of financing, a change in the lot size, and the sale of 5 or more parcels to one individual
The State Housing Law sets minimum building standard throughout the state. In unincorporated areas it?
applies even though the county may have a building code
In most instances where the letter "M" is used in a zoning code, it would designate an area which may be used for?
industrial
Which of the following is true with respect to the Commissioner's Public Report when it is used in advertising?
it must be used in its entirety
Condominium projects are becoming more acceptable and popular and can be expected to grow in demand because of which of the following?
land scarcity
Most real estate syndicates that have been created in California have taken the form of a?
limited partnership
Which of the following is considered part of the unit in a condominium?
none of these choices
One of the ways to overcome the problem of liquidity in real property ownership is through.
syndication
A prospective purchaser of an interest in an Undivided Interest Subdivision may rescind his or her offer within how many days of the offer:
three days
