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Search Homes
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Search
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Lewisville and Clemmons FAQ
Mocksville NC FAQ
Salisbury NC FAQ
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Asheboro FAQ
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King NC FAQ
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Review Us
Blog
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Guide to Selling Real Estate
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Marketing Regulations Exam Prep
Marketing Regulations Exam Prep
The sources of law that affect real estate transactions and activity are:
Court decisions
State and federal legislations
Local ordinances passed by towns, cities, and villages
All answers choices given
An illegal act that encourages homeowners to sell their property because minorities are moving into the neighborhood is:
Panic buying
Redlining
Steering
Blockbusting
A licensee commits steering if:
All answers choices given
He or she steers clients into a particular neighborhood because of race, religion etc
He or she directs prospective clients to another licensee of their own national origin or color
He or she directs prospective tenants away from a certain neighborhood because of the racial make-up of that neighborhood
The agency of the Federal government that administers fair housing laws is:
ARELLO
HUD
AIREA
VA
A real estate licensee needs to have:
A broad understanding of law and how it affects real estates
An in-depth understanding of constitutional law
Legal experience as a practicing lawyer
Little understanding of law because competent attorneys are available
In a suit brought under the Federal Fair Housing Law as amended, punitive damages may be as much as:
$10,000
There is no limit on punitive damages
$1,000
$50,000
You are about to buy a house that has been built prior to 1978. What disclosure should be given to you by the seller?
A lead-based paint disclosure form
All of these answers
A closing disclosure
A Miranda warning
Commingling refers to:
Employing Realtors and the non-Realtors in the same office
Meetings with both brokers and sales associates present
Depositing client funds in the broker operating account
Cooperating with another broker in a transaction
Under the Federal Fair Housing Act of 1968, it is permissible to:
Alter the terms of the loan for a member of a minority
Tell an individual that an apartment has been rented when in fact it has not
Refuse to give a loan to an individual because he has poor credit history
Advertise property for sale only to a special group
A broker informs a homeowner that a member of a minority group may be moving into the neighborhood. The broker sees that the homeowner is very upset, and offers to buy his house at a low price. The broker is guilty of:
None of the answers
Redlining
Blockbusting
Steering
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