Real Estate (1)

Question 1

Generally speaking, which law prevails over State law…?

Answer 1

Federal Law

Question 2

This states that the stricter law (Federal vs. State) will prevail and take precedent…?

Answer 2

Strictest Standard Rule

Question 3

The refusal to lend money within a specific area is known as…?

Answer 3

Redlining

Question 4

Lenders must perform what when determining if an individual qualifies for a loan, which is based on objective measures…?

Answer 4

Credit based lending

Question 5

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…?

Answer 5

Steering

Question 6

Steering is the opposite of this illegal discriminatory act, which encourages individuals to sell…?

Answer 6

Blockbusting

Question 7

Which of the following is exempt from Federal anti-discrimination laws…?

Answer 7

The principal of an owner-occupied 1-4 unit residence

Question 8

A principal of an owner-occupied 4 family residence is exempt from Federal anti-discrimination laws if they use a licensed broker to help find a new tenant…?

Answer 8

T

Question 9

In the State of California, race is NOT a material fact…?

Answer 9

F

Question 10

Which of the following is a California counterpart to the Federal anti-discrimination laws…?

Answer 10

The Unruh Civil Rights Act

Question 11

Which of the following is a California counterpart to the Federal anti-discrimination laws with regards to redlining…?

Answer 11

The Holden Act

Question 12

Which of the following is a California counterpart to the Federal anti-discrimination laws with regards to blockbusting…?

Answer 12

The Rumford Act

Question 13

The ‘Strictest Standard Rule’ applies when dealing with what…?

Answer 13

Health, Safety, and Welfare of the Public

Question 14

Which of the following is a California counterpart to the Federal anti-discrimination laws with regards to discrimination in commercial and business establishments…?

Answer 14

The Unruh Civil Rights Act

Question 15

This Federal law requires that private entities, including business establishments, are accessible to individuals who are disabled, and that those business establishments that are accessible to the public make reasonable accommodations…?

Answer 15

Americans with Disabilities Act

Question 16

Any fact that would influence the decision of a reasonably prudent person is known as a/an…?

Answer 16

Material Fact

Question 17

Which of the following is an example of misrepresentation…?

Answer 17

Puffing
Disclosure
Confidentiality

Question 18

Funds held by a real estate broker, in trust, for clients and/or customers are known as…?

Answer 18

Trust funds

Question 19

To mingle or mix, for example, a client’s funds in the broker’s personal or general account is known as…?

Answer 19

Commingling

Question 20

An advertisement that remains anonymous as to who is advertising is known as…?

Answer 20

Blind Advertisement

Question 21

This court case determined that sellers, and their agents, must disclose all facts that they knew, or should have reasonably known…?

Answer 21

Easton vs. Strassburger

Question 22

Sellers and agents should use this form to disclose any known defects with the property…?

Answer 22

Transfer Disclosure Statement

Question 23

This consumer protection statute helped eliminate kickbacks and referral fees that unnecessarily increased the costs of certain settlement services…?

Answer 23

RESPA

Question 24

This Civil Rights Act prohibited discrimination on the basis of race only…?

Answer 24

Civil Rights Act of 1866

Question 25

This Civil Rights Act expanded the protected classes beyond race to include color, religion, sex, and national origin...?

Answer 25

Civil Rights Act of 1964

Question 26

The HUD Fair Housing Equal Opportunity poster is required to be posted in a prominent position in any business that is related to housing...?

Answer 26

F

Question 27

If the HUD Fair Housing Equal Opportunity poster is prominently displayed in a place of business relating to housing, the burden of proof for any discriminatory act falls on who...?

Answer 27

The place of business

Question 28

All federal fair housing complaints should be filed with who...?

Answer 28

HUD

Question 29

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...?

Answer 29

Blockbusting

Question 30

If the HUD Fair Housing Equal Opportunity poster is prominently displayed in a place of business relating to housing, the burden of proof for any discriminatory act falls on who...?

Answer 30

The accuser