Chapter 2

Question 1

Moral principles that govern a person’s or group’s behavior are known as….?

A. Ethics
B. Law
C. Rules
D. Beliefs

Answer 1

A. Ethics

Question 2

Ethics tends to precede law….?

A. T
B. F

Answer 2

A. True

Question 3

Blockbusting is also known as a panic selling….?

A. T
B. F

Answer 3

A. True

Question 4

Steering is commonly associated with….?

A. Appraisers
B. Lenders
C. Sellers
D. Buyers

Answer 4

D. Buyers

Question 5

Which of the following is considered an illegal action under the fair housing laws….?

A. Steering
B. Blockbusting
C. Redlining
D. All of the above

Answer 5

D. All the above

Question 6

Discrimination in advertising is covered under the Civil Rights Act of 1968….?

A. T (True)
B. F (False

Answer 6

A. T (True)

Question 7

A long-term physical or mental impairment, or condition, that substantially limits a person’s major activities is known as a/an….?

A. Disability
B. Ailment
C. Injury
D. Detriment

Answer 7

A. Disability

Question 8

A federal law protecting the rights of individuals with physical or mental impairments is known as the ….?

A. Civil Rights Act of 1866
B. Civil Rights Act of 1964
C. Civil Rights Act of 1968
D. Americans with Disabilities Act

Answer 8

D. Americans with Disabilities Act

Question 9

Public accommodations for handicapped individuals is required under the …..?

A. Executive Order 11603
B. Civil Rights Act of 1964
C. Americans with Disabilities Act
D. Civil Rights Act of 1968

Answer 9

C. American with Disabilities Act

Question 10

Which of the following prohibited discrimination in housing whenever federal funds were involved….?

A. Executive Order 11603
B. Civil Rights Act of 1866
C. Americans with Disabilities Act
D. Civil Rights Act of 1977

Answer 10

A. Executive Order 11603

Question 11

Familial status became a protected class under the…..?

A. Civil Rights Act of 1866
B. 1988 Fair Housing Amendment Act
C. Civil Rights Act of 1964
D. ADA

Answer 11

B. 1988 Fair Housing Amendment Act

Question 12

A landlord is not allowed to charge an increased security deposit for a tenant with a services animal…?

A. T
B. F

Answer 12

A.

Question 13

In order to be considered a senior living residence, at least 80% of the unites must be occupied by personal…..years or older?

A. 51
B. 55
C. 65
D. 75

Answer 13

B. 55

Question 14

A federal legislation including the imposition of civil and punitive damages for ani-trust activities is known as the ……?

A. Sherman Anti-Trust Act
B. Corporate Anti-Trust Act
C. Business Anti-Trust Act
D. RESPA

Answer 14

A. Sherman Anti-Trust Act

Question 15

Money, or other things of value, that a real estate agent receives on behalf of the principal of any other person involved in a Transaction are knowns as…..?

A. Escrow funds
B. Agent Funds
C. Trust Funds
D. Fiduciary Funds

Answer 15

C. Trust Fund

Question 16

The illegal mixing of personal funds with money held in trust on behalf of a client is known as …..?

A. Escrow
B. Novation
C. Consideration
D. Commingling

Answer 16

D. Commingling

Question 17

the 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 Urban Development (HUD)….?

A. Fannie Mae
B. RESPA
C. Sherman Anti-Trust Act
D. Full Disclosure Act

Answer 17

B. RESPA

Question 18

The Sherman Anit-Trust prohibits which of the following….?

A. Price Fixing
B. Market allocation
C. Group boycotting
D. All of the above

Answer 18

D. All of the above