Chapter 7

Question 0

The civil right act of 1968 prohibits discrimination on

Answer 0

Race, color, religion, sex or national origin

Question 1

The civil right act of 1866 prohibits discrimination on

Answer 1

Race

Question 2

Blockbusting?

Answer 2

Inducing an owner to list or sell on the basis that the neighborhood is deteriorating or to an influx of minority persons.

Question 3

Common in retail centers and malls. Is a lease in which a tenant pays a monthly base rent plus a percentage of the annual or monthly gross sales of goods.

Answer 3

Percentage lease

Question 4

When the sublessor (landlord) subleases the property to the sublessee (second tenant). Now the original tenant is in a?

Answer 4

Sandwich lease

Question 5

The party that receives rights as the result of an assignment is called

Answer 5

Assignee

Question 6

If the tenant is required to pay all or a portion of the operating expenses of the property in addition to the normal rent, the agreement is

Answer 6

Net lease

Question 7

A landlord that maintains advance rent and security deposit in a

Answer 7

Separate non interest account

Question 8

When all rights under a lease have been transferred for the entire lease period, The process is called an

Answer 8

Assignment

Question 9

Federal law governing telephone solicitations prohibits calls to residences after or before

Answer 9

8 am to 9 pm

Question 10

A violation of the Florida telephone solicitations Act that are in do not call list, could result in a fine up to

Answer 10

$10,000

Question 11

Interest bearing escrow account

Answer 11

75 percent of the interest earned or 5 percent simple interest

Question 12

Clerk of the circuit court in the county in which the dwelling unit is located in the amount of the total security holdings or $50,000 whichever is less

Answer 12

Surety bond

Question 13

The landlord must maintain the property in compliance with

Answer 13

Applicable building, housing and health codes

Question 14

A lease in which the tenant agrees to pay a fixed rental amount, and the landlord pays all expenses related to the property such as real estate taxes, insurance and maintenance costs

Answer 14

Gross lease

Question 16

If a lessee transfers less then 100% of the space that has been leased, or make a transfer for a shorter period of time then the entire remaining remaining lease.

Answer 16

Sublease

Question 17

Steering or channeling?

Answer 17

An individual, directly or indirectly, into or away from a neighborhood on the basis of race, color, religion, sex or national origin. When selling a house.

Question 18

Redlining?

Answer 18

Refusal by a lender to approve a mortgage loan based on a property being located in a certain area, the age of property, income of the resident, or the race of the area

Question 19

Exemptions from the civil right act of 1968 include:

Answer 19

Private clubs for the non commercial club members.

Owner doesn’t use real estate services, and does not use discriminatory advertising

Rental of rooms in owner occupied

Property owned by churches or fraternal organizations as long it doesn’t discriminate in the selection of members.