fair housing laws

Question 1

Civil Rights Act of 1866

Answer 1

prohibits housing discrimination based on race or color, with no exemptions. It is never legal to discriminate on the basis of race. This act protects the rights of U.S. citizens to buy, sell, convey, inherit, and
possess property.

Question 2

Civil Rights Act of 1968

Answer 2

known as fair housing act act prohibits housing discrimination based on race, color, national origin, and religion.

Question 3

Housing and Community Development Act of 1974

Answer 3

added sex to the list of protected classes

Question 4

Fair Housing Amendments Act of 1988

Answer 4

add protection to cover familial status and disability. Provide remedies to victim of housing discriminations

Question 5

Americans with Disabilities Act of 1990

Answer 5

prohibits protected classbased discrimination in the delivery of commercial and public programs, services, and activities. Disability/handicap is a physical or mental impairment that substantially limits one or more of a person’s major life activities.

Question 6

Equal Credit Opportunity Act ( ECOA ) of 1974,

Answer 6

requires lenders to give consumers equal access to credit. The act prohibits discrimination based on race, color, religion, national origin, sex, marital status, or age with respect to granting credit. It also requires lenders to respond to all loan applications within 30 days, giving reasons for any application rejections.

Question 7

Blockbusting

Answer 7

other word- panic selling.

the act of inducing the sale of property in a neighborhood by threatening that
the entry of a minority resident or changing demographics will decrease values

Question 8

Steering

Answer 8

guiding prospective buyer/tenants to or away from a location based on whether or not they
are a member of a protected class

Question 9

redlining

Answer 9

an illegal, discriminatory practice that lenders or insurance companies use to refuse or limit business
within specific geographic areas based on the demographics of the area rather than on the creditworthiness of the specific borrower, figuratively drawing a “red line” around an area to indicate unwillingness to lend or insure homes in that area.

Question 10

Housing and Urban Development (HUD)

Answer 10

primarily responsible for programs related to U.S. housing needs and fair housing opportunities. One
of the agency’s goals is to make sure that everyone has access to fair and equal housing.

Question 11

antitrust

Answer 11

usinesses that conspire to restrict competition or trade, resulting in diminished choices or higher prices
(or both) for consumers.

Question 12

Price fixing

Answer 12

involves an agreement (collusion) between competitors (brokers) to fix terms, services, or products at a specific price or level, such as suggesting there’s a “standard” broker compensation fee.

Question 13

market allocation

Answer 13

involves an agreement between brokers to divide up the market and then refrain from competing for
business.

Question 14

market allocation

Answer 14

involves an agreement between brokers to divide up the market and then refrain from competing for
business.

Question 15

Tie-in arrangements

Answer 15

providing a service dependent on the customer/client obtaining (or not obtaining) another
service from a specific provider, such as agreeing to work with clients only if they use your friend’s title company.

Question 16

group boycotting

Answer 16

an agreement between two or more parties who conspire to not do business with a particular person
or company.

Question 17

puffery

Answer 17

statement that a reasonable person would consider an exaggeration that wouldn’t be relied on. Puffing is
permissible (though perhaps not wise).

Question 18

misrepresentation

Answer 18

statement, photo, or ad that a reasonable buyer would consider to be reliable but is actually
misleading or false. Misrepresentations, even when unintentional, can lead to a voidable contract.

Licensees must use caution to avoid misrepresentations in advertising.