Podcast
Questions and Answers
What do federal and state laws prohibit in the housing sector?
What do federal and state laws prohibit in the housing sector?
- Home inspections
- Property taxes
- Discriminatory practices (correct)
- Excessive rent increases
Which of the following is aligned with national fair housing laws?
Which of the following is aligned with national fair housing laws?
- Local zoning policies
- Property tax laws
- State fair housing laws (correct)
- Rental agreements
What does zoning policy in relation to fair housing regulations entail?
What does zoning policy in relation to fair housing regulations entail?
- Is not regulated by federal laws
- Cannot be discriminatory against protected classes (correct)
- Can be based on political affiliation
- Can prioritize certain age groups
Under which legislation are exceptions to housing discrimination carefully evaluated?
Under which legislation are exceptions to housing discrimination carefully evaluated?
Which of the following is considered a form of illegal discrimination in the housing sector?
Which of the following is considered a form of illegal discrimination in the housing sector?
What is the main purpose of RESPA in real estate transactions?
What is the main purpose of RESPA in real estate transactions?
Which of the following is NOT a condition that must be met by the buyer before the escrow officer disburses funds?
Which of the following is NOT a condition that must be met by the buyer before the escrow officer disburses funds?
What is the purpose of general inspections in a home purchase?
What is the purpose of general inspections in a home purchase?
Under the TRID rule, what form replaces the 'Good Faith Estimate' and 'HUD-1' forms?
Under the TRID rule, what form replaces the 'Good Faith Estimate' and 'HUD-1' forms?
Why are termite inspections recommended to be conducted annually?
Why are termite inspections recommended to be conducted annually?
What is the purpose of the Truth-in-Lending Integrated Disclosures Rule (TRID)?
What is the purpose of the Truth-in-Lending Integrated Disclosures Rule (TRID)?
What is the responsibility of homeowners regarding homeowners' associations?
What is the responsibility of homeowners regarding homeowners' associations?
In a real estate transaction, what must be done before transferring the title to the buyer?
In a real estate transaction, what must be done before transferring the title to the buyer?
What does the National Association of Realtors® Code of Ethics have the most significant impact on?
What does the National Association of Realtors® Code of Ethics have the most significant impact on?
What should buyers avoid when attempting to augment their offer's appeal?
What should buyers avoid when attempting to augment their offer's appeal?
What is the consequence of failing to display the Equal Opportunity in Housing Mandate poster?
What is the consequence of failing to display the Equal Opportunity in Housing Mandate poster?
Which of the following is NOT a prohibited basis for discrimination under the Fair Housing Amendments Act of 1988?
Which of the following is NOT a prohibited basis for discrimination under the Fair Housing Amendments Act of 1988?
What must lenders do according to the Equal Credit Opportunity Act (ECOA)?
What must lenders do according to the Equal Credit Opportunity Act (ECOA)?
What does the Clean Air Act control on a national scale?
What does the Clean Air Act control on a national scale?
What is the purpose of warranties mentioned in the text?
What is the purpose of warranties mentioned in the text?
What is the formula for the 365-Day Method of calculating prorated payments?
What is the formula for the 365-Day Method of calculating prorated payments?
What is the Risk Management Strategy that involves shifting responsibility for a loss to another party?
What is the Risk Management Strategy that involves shifting responsibility for a loss to another party?
What type of insurance covers bodily injury or property damage caused by negligence or wrongful acts?
What type of insurance covers bodily injury or property damage caused by negligence or wrongful acts?
What area of risk involves ensuring that listing agreements are accurate and providing reliable information to clients?
What area of risk involves ensuring that listing agreements are accurate and providing reliable information to clients?
Which action helps reduce risks associated with making mistakes or violating laws in real estate practice?
Which action helps reduce risks associated with making mistakes or violating laws in real estate practice?
What can lead to lawsuits, damages, or loss of reputation in the real estate industry?
What can lead to lawsuits, damages, or loss of reputation in the real estate industry?
What is a key responsibility of property managers in terms of financial reporting?
What is a key responsibility of property managers in terms of financial reporting?
Which Act must property managers comply with to protect the rights of tenants and owners?
Which Act must property managers comply with to protect the rights of tenants and owners?
What is a significant aspect of property management regarding property maintenance?
What is a significant aspect of property management regarding property maintenance?
What should agents do when recommending vendors to consumers?
What should agents do when recommending vendors to consumers?
What does the Management Agreement define?
What does the Management Agreement define?
What is included in the Equal Opportunity statement?
What is included in the Equal Opportunity statement?
What are the Manager's rights regarding maintenance of the property?
What are the Manager's rights regarding maintenance of the property?
What is the purpose of detailing eviction procedures in the Management Agreement?
What is the purpose of detailing eviction procedures in the Management Agreement?
Which section of the Management Agreement addresses the landlord's rights?
Which section of the Management Agreement addresses the landlord's rights?
What does the Manager's liability include?
What does the Manager's liability include?
Why is it important to have clear reporting requirements in the Management Agreement?
Why is it important to have clear reporting requirements in the Management Agreement?
What is one of the Manager's rights concerning management tasks?
What is one of the Manager's rights concerning management tasks?
What do leasing considerations in the Management Agreement cover?
What do leasing considerations in the Management Agreement cover?
Which aspect is addressed in the section about tenant's rights and responsibilities?
Which aspect is addressed in the section about tenant's rights and responsibilities?
