Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

intro real estate practice chap 1 > chp 2 > Flashcards

chp 2 Flashcards

1
Q

Moral principles that govern a person’s or group’s behavior are known as…?
A Ethics
B Laws
C Rules
D Beliefs

A

Ethics

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Ethics tends to preceed law…?
AT (True)
BF (False)

A

true

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Blockbusting is also known as panic selling…?
AT (True)
BF (False)

A

true

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Steering is commonly associated with…?
A Appraisers
B Lenders
C Sellers
D Buyers

A

buyers

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Which of the following is considered an illegal action under the fair housing laws…?
ASteering
BBlockbusting
CRedlining
DAll of the above

A

all of the above

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Discrimination in advertising is covered under the Civil Rights Act of 1968…?
AT (True)
BF (False)

A

true

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

A long-term physical or mental impairment, or condition, that substantially limits a person’s major activities is known as a/an…?
ADisability
BAilment
CInjury
DDetriment

A

Disability

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

A federal law protecting the rights of individuals with physical or mental impairments is known as the…?
ACivil Rights Act of 1866
BCivil Rights Act of 1964
CCivil Rights Act of 1968
DAmericans with Disabilities Act

A

Americans with Disabilities Act

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Public accommodations for handicapped individuals is required under the…?
AExecutive Order 11603
BCivil Rights Act of 1964
CAmericans with Disabilities Act
DCivil Rights Act of 1968

A

Americans with Disabilities Act

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Which of the following prohibited discrimination in housing whenever federal funds were involved…?
AExecutive Order 11603
BCivil Rights Act of 1866
CAmericans with Disabilities Act
DCivil Rights Act of 1977

A

Executive Order 11603

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Familial status became a protected class under the…?
ACivil Rights Act of 1866
B1988 Fair Housing Amendment Act
CCivil Rights Act of 1964
DADA

A

1988 Fair Housing Amendment Act

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

A landlord is not allowed to charge an increased security deposit for a tenant with a service animal…?
AT (True)
BF (False)

A

true

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Any licensed real estate broker or agent can call themselves a Realtor…?
AT (True)
BF (False)

A

false

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

n order to be considered a senior living residence, at least 80% of the units must be occupied by persons ……….years or older?
A51
B55
C65
D75

A

55

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

A federal legislation including the imposition of civil and punitive damages for anti-trust activities is known as the…?
ASherman Anti-Trust Act
BCorporate Anti-Trust Act
CBusiness Anti-Trust Act
DRESPA

A

Sherman Anti-Trust Act

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

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…?
AEscrow funds
BAgent funds
CTrust funds
DFiduciary funds

A

Trust funds

17
Q

The illegal mixing of personal funds with money held in trust on behalf of a client is known as…?
AEscrow
BNovation
CConsideration
DCommingling

A

Commingling

18
Q

This federal law requires the disclosure 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)…?
AFannie Mae
BRESPA
CSherman Anti-Trust Act
DFull Disclosure Act

A

RESPA

19
Q

The Sherman Anti-Trust Act prohibits which of the following…?
APrice fixing
BMarket allocation
CGroup boycotting
DAll of the above

A

all the above

20
Q

The unlawful appropriation of another’s property or funds is known as…?
AConversion
BEscrow
CRescission
DNovation

A

Conversion

21
Q

The Fair Employment Housing Act is also known as the Rumford Fair Housing Act…?
AT (True)
BF (False)

A

false

22
Q

Which of the following is considered a support or service animal…?
APersonal pet
BSeeing-eye dog
CAdopted pet
DAll of the above

A

Seeing-eye dog

23
Q

Real estate brokers are required to maintain records of each transaction for at least how many years…?
A1
B2
C3
D4

A

3

24
Q

This federal law prohibits all discrimination on the basis of race only…?
ACivil Rights Act of 1866
BCivil Rights Act of 1964
CCivil Rights Act of 1968
DCivil Rights Act of 1974

A

Civil Rights Act of 1866

25
Q

This federal law prohibits discrimination on the basis of race, sex, color, national origin, or gender in any housing program receiving federal money…?
ACivil Rights Act of 1866
BCivil Rights Act of 1964
CCivil Rights Act of 1968
DCivil Rights Act of 1974

A

Civil Rights Act of 1964

26
Q

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…?
ACivil Rights Act of 1866
BCivil Rights Act of 1964
CFair Housing Act of 1968
DCivil Rights Act of 1974

A

Fair Housing Act of 1968

27
Q

This court cased determined it was unconstitutional to refuse to sell a house on the basis of race…?
ARoe v. Wade
BBrown v. Board of Education
CPlessy v. Ferguson
DJones v. Mayer

A

Jones v. Mayer

28
Q

Using racial, ethnic, or religious 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…?
ASteering
BBlockbusting
CRedlining
DTesting

A

Steering

29
Q

The use of prejudice to instill fear, or panic, in order to motivate individuals in a particular area or neighborhood to sell or dispose of their property because of the entrance, or potential entry, of a protected class is known as…?
ASteering
BBlockbusting
CRedlining
DTesting

A

Blockbusting

30
Q

The refusal to lend money within a specific area for various reasons is known as…?
ASteering
BBlockbusting
CRedlining
DTesting

A

Redlining

intro real estate practice chap 1 (7 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions