CA RE Practice Chp 2 Ethics Flashcards
1
Q
Ethics tends to preceed law…?
A) T (True)
B) F (False)
A
True
2
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
3
Q
Discrimination in advertising is covered under the Civil Rights Act of 1968…?
AT (True)
BF (False)
A
True
4
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
A - Executive Order 11603
5
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
6
Q
In 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
7
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
A - Sherman
8
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
9
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
10
Q
The Sherman Anti-Trust Act prohibits which of the following…? APrice fixing BMarket allocation CGroup boycotting DAll of the above
A
All of the above
11
Q
The Fair Employment Housing Act is also known as the Rumford Fair Housing Act…?
AT (True)
BF (False)
A
False
12
Q
Real estate brokers are required to maintain records of each transaction for at least how many years…? A1 B2 C3 D4
A
3
13
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
1964
14
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…? A Civil Rights Act of 1866 B Civil Rights Act of 1964 C Fair Housing Act of 1968 D Civil Rights Act of 1974
A
1968
15
Q
This court cased determined it was unconstitutional to refuse to sell a house on the basis of race…? A Roe v. Wade B Brown v. Board of Education C Plessy v. Ferguson D Jones v. Mayer
A
D Jones v. Mayer
