Chapter 7: Federal & State Laws Pertaining to Real Estate (FITB) Flashcards Preview

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Flashcards in Chapter 7: Federal & State Laws Pertaining to Real Estate (FITB) Deck (15):
1

The 1866 Civil Rights Act prohibits discrimination on the basis of ____.

race

2

An owner that does use the service of a broker and does not discriminate in advertising is ____ from the Civil Rights Act of 1968.

exempt

3

Lenders that refuse to make loans in certain geographic areas based on social or economic considerations are practicing ____.

redlining

4

According to the Americans with Disabilities Act, owners are required to make modifications to properties to comply with the Act whenever the modifications are ____ ____.

economically feasible

5

A lease payment that increases based on a portion of the income received by a tenant is called a ____ lease.

percentage

6

If the tenant is required to pay all or a portion of the operating expenses of the property in addition to the normal rent, the agreement is a ____ lease.

net

7

A landlord that maintains advance rents and security deposits in a ____ ____ is not required to pay interest on the funds being held.

separate non-interest bearing account

8

The party that receives rights as the result of an assignment is called the ____.

assignee

9

When a property is sublet, it creates what is called a ____ lease.

sandwich

10

A landlord that intends to make a damage claim against a security deposit must notify a tenant of any such intention within ____ days.

30

11

If a landlord holds security deposits and advance rents in an interest-bearing account but does not commingle them with other funds, the tenant is entitled to ____ of the interest earned or ____ ____ ____.

75%, 5% simple interest

12

When all rights under a lease have been transferred for the entire lease period, the process is called a/an ____.

assignment

13

From the seller's standpoint, a sale-leaseback results in ____ financing.

100%

14

Federal law governing telephone solicitations prohibits calls to residences after ____.

9PM

15

A violation of the Florida Telephone Solicitation Act could result in a fine of up to ____.

$10,000

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