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CH 7 Federal & State Laws Pertaining to Rea Estate
Terms in this set (18)
* The Civil Rights Act of 1866 prohibits __________ on the basis of ______.
* The Federal Fair Housing Act is officially titled the "_____________"
Civil Rights Act of 1968
The Civil Rights Law expanded on the 1866 law and makes discrimination against: ... prohibited (8)
handicapped, family status, pregnant, single mom, color, sex, religion, national origin.
Consists of inducing an owner to list or sell on the basis that the neighborhood is deteriorating or becoming transitional due to an influx of minority persons.
Terms that cannot be said during a showing: (ex of blockbusting)
changing neighborhood, falling property value, bad school, undesirable elements
* Define and provide a synonym for the term "Steering"
"Channeling" an individual directly or indirectly into or away from a neighborhood/location in a multi-unit building on the basis of race, color, religion, sex, or national origin.
* Define "Redlining"
The refusal by a lender to approve a mortgage loan based on a property being located in a certain geographical area, the age of the property, the income level of residents , or the racial composition of the area.
For existing properties that do not comply with the ADA aka _________; the owners are required to make necessary modifications whenever such changes are readily achievable and eco feasible, aka easy to accomplish w/o much difficulty or expense.
Americans with Disabilities
What Florida statute covers discrimination based on AIDS or HIV ?
F. S. 760.50
* It s unlawful to discriminate against an otherwise qualified individual in housing, public accommodations, or _____________ on the basis of the fact that such individual is infected with HIV
The landlord options and procedures for handling the security deposit money and advance rent
noninterest - bearing escrow, interest - bearing escrow, surety bond.
Hold the total amount of the security deposit or advance rent in a _________________ acct in a Florida banking institution for the tenants benefit. The landlord cannot commingle with the funds.
noninterest/interest - bearing escrow
Interest- bearing escrow
The tenant shall receive 75% of the interest and earned 5% of simple interest at the election of the landlord.
Posting a surety- bond
With the clerk of the circuit court in the county in which the dwelling unit is located in the amount of the total security holdings or 50k or less, whichever is less.
The landlord must pay the tenant 5% simple int or annually in these situations
When the tenant vacates the premises, the landlord has ____ days to return the security deposit including accrued int.
If a landlord intends to make a claim for damages they have up to ____ days to notify the tenant.
* When a tenant objects (claim) within ___days after receiving the landlords notice, the landlord can deduct the amount of the claim from the deposit
(Telephone Solicitation Laws) A licensee may call an owner who is on the ________ list when representing a buyer interested in buying the property but may not use the ______ in an attempt to obtain a listing.
"do not call"
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