Government Acts and Entities Flashcards
Explore key government acts, agencies, and programs that impact real estate practices and property ownership.
Which real estate term is this?
Prohibits discrimination based on age by entities receiving federal funding.
Age Discrimination Act of 1975
Which real estate term is this?
Sets the minimum appraisal standards, known as the Uniform Standards of Professional Appraisal Practice.
Appraisal Standards Board
(ASB)
Which real estate term is this?
Oversees that real estate appraisers are trained and tested to ensure competency and ethics.
Appraisal Subcommittee
(ASC)
Which real estate term is this?
Oversees appraiser testing and qualifications standards.
Appraiser Qualifications Board
(AQB)
Which real estate term is this?
Required facilities with federal funding to be accessible to the public, especially for disabilities.
Architectural Barriers Act of 1968
Which real estate term is this?
A landmark legislative act prohibiting discrimination and segregation, and lowering barriers to voting.
Civil Rights Act of 1964
Which real estate term is this?
Prohibited business actions inhibiting competition, including price discrimination and unfair trade practices.
Clayton Antitrust Act
Which real estate term is this?
A law encouraging depository institutions to meet the credit needs of their communities.
Community Reinvestment Act
(CRA)
Which real estate term is this?
A federal act creating protection for consumers from financial institutions and credit card companies.
Consumer Credit Protection Act of 1968
Which real estate term is this?
Established by the Dodd-Frank Act, this bureau provides consumers protections from predatory lending practices.
Consumer Financial Protection Bureau
(CFPB)
Which real estate term is this?
A 2010 act establishing the CFPB and adding regulations for consumer protection.
Dodd-Frank Act
Which real estate term is this?
A voluntary labeling program by the EPA to promote energy-efficient products.
ENERGY STAR Program
Which real estate term is this?
A 1974 act making it unlawful for creditors to discriminate in credit transactions.
Equal Credit Opportunity Act
(ECOA)
Which real estate term is this?
Governs collection and dissemination of consumer reports for evaluating credit and other transactions.
Fair Credit Reporting Act
(FCRA)
Which real estate term is this?
Created to prevent abusive debt collection practices and protect compliant collectors.
Fair Debt Collection Practices Act
Which real estate term is this?
Title VIII of the Civil Rights Act of 1968, providing equal housing opportunities.
Fair Housing Act
Which real estate term is this?
A comprehensive policy book by FHA providing definitions and qualifications.
FHA Handbook
Which real estate term is this?
A government-sponsored agency expanding secondary markets and funding availability.
Federal National Mortgage Association
(Fannie Mae)
Which real estate term is this?
Government corporation guaranteeing timely principal and interest payments from mortgage-backed securities.
Government National Mortgage Association
(Ginnie Mae)
Which real estate term is this?
Requires lending institutions to report public loan data, passed in 1975.
Home Mortgage Disclosure Act
(HDMA)
Which real estate term is this?
Allows certain housing forms specifically for seniors, modifying familial status discrimination prohibitions.
Housing for Older Persons Act of 1995
(HOPA)
Which real estate term is this?
An FHA-style program insuring mortgage loans for American Indian and Alaska Native families and entities.
Indian Home Loan Guarantee Program (Section 184)
Which real estate term is this?
A consumer protection act passed by Congress to keep shady land dealers from preying on potential home buyers.
Interstate Land Sales Full Disclosure Act
Which real estate term is this?
Requires the registration of sex offenders and public notification of private and personal information regarding registered sex offenders.
Megan’s Law
