Professional Practices

Question 1

Title VIII exemptions

Answer 1

selling, leasing single family home without broker or discriminatory advertising, with conditions

1-4 unit rental building where owner is occupant

leasing facilities owned by private clubs

facilities owned by religious organizations and leased to members

Question 2

Equal Opportunity in Housing poster

Answer 2

brokers must display

affirms compliance with fair housing laws

failure to display can be construed as discrimination

Question 3

Violations and enforcement

Answer 3

file HUD complaint

file suit in court

may obtain injunction, damages

violators subject to prosecution

Question 4

Home Mortgage Disclosure Act

Answer 4

prohibits redlining

lenders must report location of loans

Question 5

ADA requirements

Answer 5

landlords must modify housing to be accessible without hindrance

access must be equivalent to that provided for non-disabled persons

Question 6

property condition and material facts

Answer 6

material fact = a fact affecting the property’s value or the prospect’s decision to contract

property stigmas are not material facts (previous crime, suicide, disease, etc.)

no requirement to close non-material facts

material facts can include the surrounding area in addition to the immediate premises

Question 7

radon

Answer 7

detectable radioative ground gas that can cause cancer

Question 8

underground storage tanks

Answer 8

commercial hazard if leaking; should disclose presence of an UST