***Ch 19. State and federal real estate laws*** Flashcards
The illegal practice of inducing homeowners to sell their property by making misrepresentations regarding the entry or prospective entry of minority persons in order to cause a turnover of properties in the neighborhood; discriminatory acts against sellers
Blockbusting
Refers to the status of a pregnant woman or a family with children under 18 years of age
Familial Status
Federal or state status for an individual unable to perform mental or physical functions under normal conditions
Handicap Status
A brief summary of a subdivision property
Property Report
A hotel, motel, or other facilities accesable to the general public
Public Accommodation
A lending institution’s illegal refusal to make mortgage loans in certain areas
Redlining
A tract of land partitioned into lots for homes or other uses and improved by roads, water and sewage systems, etc.
Subdivision
The illegal practice of directing buyers to or from certain neighborhoods based on minority status; prohibited by federal, state, and local fair housing laws
Steering
assures that every citizen is entitled to all rights in real property regardless of their race. In 1968, the United States Supreme Court upheld this law in the Jones vs. Mayer case
Civil Rights Act of 1866
Which act expanded prohibited housing discrimination based on race, color, religion, sex, and national origin?
-subsequently the law was amended the include gender, disabled individuals, and family status.
Fair Housing Act
If a landlord is acting on their own behalf, what procedures must be followed with deposits and security funds?
Place the deposit in a separate non-interest bearing escrow account
Place the deposit in a separate interest bearing account. The landlord owes the tenant either 5% simple interest or 75% of the interest actually earned (landlord choice)
Landlord may co-mingle the deposit with his own funds, provided the landlord posts a surety bond with the clerk of court in the amount of the deposit or $50,000 (whichever is less) and pay the tenant 5% simple interest
If the security deposit is to be utilized for repairs or damage, the landlord must notify the tenant within how many days of the termination date by certified mail of the intention of use some or all of the deposit
30 days
How many days does a tenant have to object to security deposit repairs?
15 days
Who prosecutes complaints filed by individuals claiming that a violation of the Fair Housing Act has been committed
Department of housing and urban development (HUD)
he major provisions and protections afforded under the 1990 Americans with Disabilities Act include ?
access to public transportation, commercial facilities, and public accommodations
