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Federal Laws B

Terms in this set (10)

All of the following are exempt from the federal fair housing laws EXCEPT:
A. An agent selling a home for a friend
B. A church using a building for a non-commercial purpose
C. A for sale by owner (someone selling their own house)
D. A private club renting out rooms to its members
A
In a discrimination case concerning the federal fair housing act, the burden of proof is on the
A. Respondent
B. Complainant
C. FHA director
D. Broker involved
B
The broker does not have an equal housing poster in the office nor is the equal housing logo used in the classified ads. This absence may be considered what?
A. A wise course of action since there is not many minorities in Iowa
B. Appropriate use of conserving space and saving advertising dollars
C. Prima facie (based on the first impression) evidence of discrimination
D. A misdemeanor and subject to a fine of no more that $1,000
C
The picture ad in the newspaper states that this single family home is available for sale for $785/month. What law prohibits this form of misleading advertisement?
A. Real estate settlement procedures act
B. Equal credit opportunity act
C. Fair credit reporting act
D. Truth in lending law
D
All of the following transactions are covered by the combined TILA-RESPA act EXCEPT:
A. VA & FHA loans
B. Freddie Mac and Fannie Mae loans
C. Loans made with money insured by the FDIC
D. Purchase money mortgage taken back by seller
D
How did the TILA-RESPA Act standardize the real estate closing process?
A. Acceptance of kickbacks
B. Require use of Closing Disclosure forms
C. Use of referral fees for service not rendered
D. Nonmandatory disclosure of closing costs
B
Which of the following supreme court decisions upheld the 1866 law prohibiting all racial discrimination in the sale or rental of housing?
A. Plessy vs. Ferguson
B. Brown vs. Topeka
C. Jones vs. Mayer
D. Miranda vs. Arizona
C
The property manager did not want to rent to a family with children. Therefore, he told the prospective tenant that the apartment had already been rented. This is the illegal practice of
A. Steering
B. Block busting
C. Redlining
D. Panic selling
A
Penalties that an administrative law judge (ALJ) may award for fair housing violations include actual damages and monetary penalties of all of the following EXCEPT up to
A. $16,000 for first offense
B. $37,500 for second offense in 5 years
C. $65,000 for three offenses in 7 years
D. $100,000 for subsequent offenses
D
The Equal Credit Opportunity Act prohibits discrimination in lending based on
A. Age and sex
B. Race and handicap
C. Religion and familial status
D. Poor credit and unemployment
A
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