Chapter 7- Federal And State Laws Pertaining To Real Estate Flashcards

1
Q

The 1866 civil rights act prohibits discrimination on the basis of ___

A

Race

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2
Q

An owner that does not use the service of a broker and does not discriminate in advertising is ____ from the Civil Rights Act of 1968

A

Exempt

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3
Q

Lenders that refuse to make loans in certain geographic areas based on social or economic considerations are practicing

A

Redlining

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4
Q

According to the Americans With Disabilities Act, owners are required to make modifications to properties to comply with the act whenever the modifications are ___ ____

A

Economically feasible

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5
Q

A lease payment that increases based on a portion of the income received by a tenant is called a ____ lease

A

Percentage

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6
Q

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 a ____ lease

A

Net

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7
Q

A landlord that maintains advance rent and security deposits in a ______ _____ ____ is not required to pay interest on the funds being held

A

Non-interest bearing account

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8
Q

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

A

Assignee

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9
Q

When a property is sublet, it creates what is called a ____ lease

A

Sandwich

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10
Q

A landlord that intends to make a damage claim against a security deposit must notify a tenant of any such intention within ___ days

A

30

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11
Q

If a landlord holds security deposits and advance rents in an interest-bearing account but does not commingle them with other funds, the tenant is entitled to ____ of the interest earned

A

75%

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12
Q

When all rights under a lease have been transferred to another, the process is called a/an ____

A

Assignment

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13
Q

From the seller’s standpoint, a salea-leaseback result in ____ financing.

A

100%

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14
Q

Federal law governing telephone solicitations prohibit calls the residences after ____

A

9PM

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15
Q

A violation of the Florida telephone solicitation act should result in a fine of up to $____

A

$10,000

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