CANVAS QUIZ: Chapter 13 Flashcards
The Unruh Civil Rights Act is a:
a. California act.
The California act that prohibited steering and blockbusting was the:
b. Unruh Civil Rights Act.
The refusal of a loan or insurance based upon a property’s location (zip code) is called:
b. redlining.
If an agent is asked to discriminate in the sale of a property, the agent:
a. must refuse the listing.
Besides residential, the basic types of income-producing properties include:
- commercial office buildings
- retail property
- industrial property
Licensed real estate brokers who represent more than one owner in managing more than one property are referred to as:
c. outside managers.
The most profitable, physically possible, and legally permissible use for a property is described as:
b. highest and best use.
Any rental agreement that ends over one year from the date of signing:
b. must be in writing.
Residential property is usually rented under the terms of a _____ lease:
c. gross
A notice that states the tenant has three business days to pay all past due rent or vacate the property or face an unlawful detainer is called a:
a. three-day notice to pay or quit.
Ultimately, who is responsible for the management of an HOA?
b. the board of directors.
A person who, or entity that, for compensation, or in expectation of compensation, exercises control over the assets of a common interest development is referred to as the:
a. managing agent.
As a property manager, your responsibilities include:
a. maintenance of the building.
b. caring for mechanical equipment.
c. planning and implementing a modernization program.
d. all of the above.
- maintenance of the building.
- caring for mechanical equipment.
- planning and implementing a modernization program.
Delaying the fixing of existing repairs is called:
b. deferred maintenance.
By California law, governmental agencies CANNOT adopt rent control restrictions on:
- commercial office.
- retail property.
- industrial property.
