2 Ethics, Fair Housing, Trust Funds, And Other Legal Issues Flashcards Preview

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Flashcards in 2 Ethics, Fair Housing, Trust Funds, And Other Legal Issues Deck (18)
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1

Americans with Disabilities Act.

-Federal law prohibiting discrimination that would deny the equal enjoyment of goods, services, facilities, and accommodations in any existing place of public accommodation, based on an individual’s physical or mental disabilities.

2

Blockbusting

The practice on the part of unscrupulous speculators or real estate agents of inducing panic selling of homes at prices below market value, especially by exploiting the prejudices of property owners in neighborhoods in which the racial makeup is changing or appears to be on the verge of changing.

3

Civil rights act of 1866

-The first U.S. civil rights act
-Prohibits racial discrimination

4

Civil rights act of 1968

Known as the fair housing act

5

Dred Scott decision

Ordered the federal government to keep out of the slavery issue because it was a matter for the states to decide.

6

Steering

The act of directing people of different races, religions, etc away from or towards particular areas

7

Redlining

Refusal to loan in designated areas

8

Jones vs. Mayer

Involved a seller who refused to sell a home to an African American

9

Civil rights Act of 1968

Prohibited discrimination in housing based on national origin, race, religion, and color.(Sexual discrimination was added in 1974)

10

Unruh Act

prohibits discrimination in all business establishments.

11

Rumford Act

-aka Fair Employment and housing act
-prohibits discrimination in supplying housing accommodations on the basis of sex, color, race, religion, source of income, etc.

12

Holden Act

-Housing financial discrimination act of 1977
-prohibits financial institutions from engaging in discriminatory loan activities or practices

13

Sherman Antitrust Act

A federal act to protect consumers from businesses that conspired to control prices and/or competition.

14

Price-fixing

Broker’s cannot agree on minimum fees to be charged

15

Market allocation

It’s illegal to divide a marketplace geographically or by type of service because it reduces competition.

16

Group boycotting

Firms may not agree to refuse to do business with a firm or individual

17

Tie-in agreements

Agreements that require a client to buy additional goods or services as a condition of doing business or cooperating

18

Conversion

-a criminal offense
-when misappropriate trust funds for personal or any other use than what was designated