Chapter 6 - Violations of License Law (2%) and Chapter 7 - Fed and State Laws (4%)

Question 1

What is a criminal violation by a licensee classified as - and what is the fee and/or imprisonment

Answer 1

Second Degree Misdemeanor and up to $500 fine and/or 60 days imprisonment

Question 2

What is an example of a Third Degree Felony and what is the punishment

Answer 2

acting as a broker or sales associate without a license. Fine up to $5,000 and imprisonment up to 5 years (3-5-5)

Question 3

Why does a complaint analyst review the complaint form or letter that describes the alleged violation?

Answer 3

To determine if the complaint is legally sufficient. A violation of law or rule that has sufficient supporting evidence. The Division must investigate legally sufficient complaints

Question 4

What is it called when an individual, directly or indirectly, pushes you to or away of a neighborhood or location in a multi-unit building on a basis of race, color, religion, or national origin?

Answer 4

Steering or Channeling

Question 5

Existing properties that do not comply with WHAT - must the owners make modifications as long as they are economically feasible.

Answer 5

ADA - Americans with Disabilities Act

Question 6

Name one option a landlord has for handling the security deposit and advance rent

Answer 6

Post a “Surety Bond” with the clerk or circuit court in the amount of the total security holding or $50,000 - whichever less.

Question 7

Is commingle allowed if a landlord puts the security deposit in a Surety Bond?

Answer 7

Yes, the landlord must pay the tenant 5% simple interest annually