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California Real Estate - Practice > Chapter 2 > Flashcards

Chapter 2 Flashcards

1
Q

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

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

A

A. Ethics

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2
Q

Ethics tends to proceed law….?

A. T
B. F

A

A. T (True)

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3
Q

Blockbusting is also known as panic selling…..?

A. T
B. F

A

A. T (True)

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4
Q

Steering is commonly associated with…..?

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

A

D. Buyers

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5
Q

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

A. Sterring
B. blockbusting
C. Redlining
D. All of the above

A

D. All of the above

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6
Q

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

A. T
B. F

A

A. T (True)

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7
Q

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

A

A. Disability

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8
Q

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

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

A

D. Americans with Disabilities Act

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9
Q

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

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

A

C. American with Disabilities Act

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10
Q

Which of the following is 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

A

A. Executive Order 11603

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11
Q

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

A

B. 1988 Fair Housing Amendment Act

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12
Q

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

A. T
B. F

A

B. A. True

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13
Q

Any licensed real estate broker or agent can call themselves a Realtor…..?

A. T
B. F

A

B. False

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14
Q

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

A. 51
B. 55
C. 64
D. 75

A

B. 55

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15
Q

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

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

A

A. Sherman Anti-Trust Act

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16
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 ….?

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

A

C. Trust funds

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17
Q

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

A

D. Commingling

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18
Q

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 and Urban Development (HUD)….?

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

A

B. RESPA

19
Q

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

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

A

D. All of the above

20
Q

The unlawful appropriation of another’s property or funds is known as ….?

A. Conversion
B. Escrow
C. Rescission
D. Novation

A

A. Conversion

21
Q

The Fair Employment Housing Act is also known as the Rumford Fair Housing Act….?

A. T
B. F

A

B. False

22
Q

Which of the following is considered a support or service animal….?

A. Personal pet
B. Seeing -eye dog
C. Adopted pet
D. All of the above

A

B. Seeing-eye-dog

23
Q

Real Estate Brokers are required to maintain records of each transaction for at least how many years….?

A. 1
B. 2
C. 3
D. 4

A

C. 3

24
Q

This federal law prohibits all discrimination on the basis of race only……?

A. Civil Rights Act of 1866
B. Civil Rights Act of 1964
C. Civil Rights Act of 1968
D. Civil Rights Act of 1974

A

A. Civil Rights Act of 1866

25
Q

This federal law prohibits discrimination on the basis of race, sex, color, national origin, or gender in any housing program receiving federal money….?

A. Civil Rights Act of 1866
B. Civil Rights Act of 1964
C. Civil Rights Act of 1968
D. Civil Rights Act of 1974

A

B. Civil Rights Act of 1964

26
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. Civil Rights Act of 1968
D. Civil Rights Act of 1974

A

C. Civil Rights Act of 1968

27
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

28
Q

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…?

A Steering
B Blockbusting
C Redlining
D Testing

A

A. Steering

29
Q

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…?

A Steering
B Blockbusting
C Redlining
D Testing

A

B Blockbusting

30
Q

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

A Steering
B Blockbusting
C Redlining
D Testing

A

C Redlining

31
Q

What was the Civil Rights Act of 1866?

A

A federal law that prohibits all discrimination on the basis of race.

32
Q

What was the Civil Rights Act of 1964?

A

A law that prohibited discrimination on the basis of race, color, national origin, or gender in any housing program receiving federal money.

33
Q

What is the Fair Housing Act of 1968?

A

A federal Prohibition on discrimination in sale, rental, financing, or appraisal of housing on the basis of race, color, religion, gender, national origin, handicap, or familial status.

34
Q

What is Steering?

A

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.

35
Q

What is Redlining?

A

The refusal to lend money within a specific area for various reasons.

36
Q

What is Blockbusting?

A

The use of prejudice to instill fear, or panic (also known as panic selling), 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.

37
Q

What is the American with Disabilities Act (ADA)

A

A federal law protecting the rights of individuals with physical or mental impariments.

38
Q

What is Disability?

A

A long-term physical or mental impairment, or condition, that substantially limits a person’s major activities.

39
Q

What is Sherman Anti- Trust Act?

A

Federal legislation including imposition of civil and punitive damages for anti-trust activities.

40
Q

What is the Real Estate Settlement Procedures Act (RESPA)?

A

A consumer protection statute, first passed in 1974. The purpose of RESPA are:

1) To help consumers become better shoppers for settlement services and
2) To eliminate kickbacks and referral fees that unnecessarily increase the costs of certain settlement services.

41
Q

What are Trust Funds?

A

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.

42
Q

What does “Commingling” mean?

A

To mingle or mix, for example, a client’s funds in the broker’s personal or general account.

43
Q

What is a conversion?

A

The unlawful appropriation of another’s property or funds.

California Real Estate - Practice (15 decks)

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