Lesson 12 Flashcards
A lender presents unusual requirements to a buyer planning to buy in a racially-mixed area. This may be an example of:
Redlining
Threat for profit that a protected class is moving into an area is:
Blockbusting
It is illegal for a lending institution to refuse to make a residential real estate loan in a particular area only because of the:
Physical location of the property
All of the following would be permitted under the federal Fair Housing Act EXCEPT:
The owner of a 20-unit residential apartment building rents to men only
Which practice is lawful under the federal Fair Housing Act?
Requiring all applicants to submit a credit report
The prohibitions of the 1968 Fair Housing Act apply to single-family housing in all of these cases EXCEPT if;
The owner give his or her home to his or her child
Which of the following is considered discriminatory under the federal Fair Housing Act?
Selling residential subdivision land only to Protestants
If a mortgage lender discriminates against a loan applicant on the basis of marital status, what law is violated?
ECOA
As a business practice, a manager may try to match her salesperson to the ethnic background of prospective buyers, This is:
Acceptable
“I hear they’re moving in. There goes the neighborhood! Better put your house on the market before values drop!” This is an example of what illegal practice?
Blockbusting
As a business practice, a manager may try to match her salesperson to the ethnic background of prospective buyers, This is:
Acceptable
The Federal Fair Housing Act exempts from its requirements:
discriminating in the rental of rooms or units in a four-family dwelling where the owner actually resides in one of the units
The act of directing home seekers toward or away from particular areas, either to maintain or to change the character of the neighborhood, is
Steering
Under the federal Fair Housing Act, which of the following is exempt?
Religious organizations giving preference to their members in renting church-owned housing
Which of the following is not regarded as a handicap?
Drug addiction
All these agencies are primary sources of money for the secondary mortgage market EXCEPT:
the Department of Veterans Affairs (VA)
All of the following are covered under the federal Fair Housing Act because of the definition of familial status EXCEPT:
housing projects intended fror occupancy solely by individuals 62 years of age or older.
As a business practice, a manager may try to match her salesperson to the ethnic background of prospective buyers, This is:
Acceptable
If a mortgage lender discriminates against a loan applicant on the basis of marital status, what law is violated?
ECOA
If a mortgage lender discriminates against a loan applicant on the basis of marital status, what law is violated?
physical location of the property
a real estate broker enters a neighborhood bordering a blighted area and, in good faith, offers owners a reduced commission rate if they list with the firm and the property is sold within 180 days. there is no mention of the blighted area. such practice is:
Acceptable
Which of the following is an exemption to the Massachusetts Fair Housing Law?
Rental of a unit in an owner-occupied two family home
a real estate broker enters a neighborhood bordering a blighted area and, in good faith, offers owners a reduced commission rate if they list with the firm and the property is sold within 180 days. there is no mention of the blighted area. such practice is:
Acceptable
Broker N has installed ramps over stairs to her office, moved furniture for easier access within the office and installed a paper cup dispenser by the water fountain. She performed these actions to comply with:
The Americans with Disabilities Act
Refusing to rent an apartment to an adult with a six year old child is discrimination based upon:
Familial status
Complaints for violations of the Massachusetts Fair Housing Laws should be reported to the:
Superior court
