Practice of Real Estate 14%

Question 1

Escrow Funds

Answer 1

Does not belong to the seller but instead should be kept in an trust account until all conditions are met.

Question 2

Conversion

Answer 2

Using trust funds for anything other than it’s intended purpose.

Question 3

Office of fair housing and equal opportunity__?

Answer 3

enforces federal fair housing laws

Question 4

7 federally protected classes?

Answer 4

Race, color, religion, sex, disability, national origin, and familal status

Question 5

Civil rights act of 1866

Answer 5

Prohibited housing discrimination based on race or color

Question 6

Civil rights act of 1968__

Answer 6

is the Fair housing act

Question 7

Housing and community development act 1974___

Answer 7

added sex to list

Question 8

ECOA established in?

Answer 8

1974

Question 9

Fair housing amendments act of 1988___?

Answer 9

covered familial status and disability

Question 10

ADA 1990?

Answer 10

protected people with disabilities

Question 11

Advertising?

Answer 11

May not limit or attempt access to properties or services on the basis of any protected class.

Question 12

Clayton___?

Answer 12

CLayton act supports the Sherman act.