Chapter 20 - Professional Practices Flashcards
An agent informs numerous families in a neighborhood that several minority families are planning to move into the immediate area, and that the trend could have adverse effects on property values. This activity is
blockbusting.
A condominium complex prohibits ownership of any unit by persons under 55 years of age. The association claims it has made the prohibition properly.
The prohibition may be legal
laws or rulings extended discrimination to include gender, handicapped status, and family status?
Fair Housing Amendments Act of 1988
An agent does not like a particular minority buyer, and is very short with the person, refusing to engage in lengthy conversation or show him any properties. A second minority party visits the office the next day. The agent is very forthcoming, and shows the person five prospective properties. This agent could be liable for
providing unequal services
Real estate trade associations promote a code of ethics primarily to establish
high standards of practice for all facets of the business.
A minority family would like to buy a home in a certain price range. The agent shows the family all available properties in a neighborhood of families with similar backgrounds. The agent did not mention a number of homes in the family’s price range in other neighborhoods. This agent could be liable for
steering
An owner suddenly pulls a property off the market after hearing from the agent on the phone that the agent had received a full-price offer from a minority party. The agent then informs the offeror that the home has been removed from the market and is unavailable. Which party or parties, if any, have violated fair housing laws?
The agent and the owner
It is illegal for federal employees to discriminate in selling a house based on race, color, religion, or national origin. This is provided for through
Executive Order 11063.
The principal theme of federal fair housing laws is to
prohibit discrimination in housing transactions.
Following the client’s recommendation, an agent conceals the availability of a property from an employed but pregnant and unmarried minority woman. This agent could be liable for
discriminatory misrepresentation
