Practice Of Real Estate Flashcards
Blockbusting
Causing panic selling by homeowners
Panic peddling
Steering
Taking buyers to it away from a neighborhood based on Fair Housing protected categories:
race, color, religion, national origin, sex, familial status or handicap
Also called channeling
Prima Facia evidence
Evidence so strong against party that no further investigation is necessary
Americans with Disabilities Act - ADA
Fed law promotes accessibility for those with special needs
Prohibits discrimination against those with disabilities
Independent Contractor
Licensee sponsored by broker not considered and employee
There must be a written agreement
Independent contractor must be licensed
Payment is based on performance, not hours worked