Upgrade to remove ads
Ch. 5 - Fair Housing Laws
Real Estate Express
Terms in this set (21)
As you've learned, there are many steps a broker should take to ensure compliance with fair housing laws. List 2 of these steps.
Prominently display in all offices the Equal Opportunity Poster that HUD distributes
Provide ongoing training and education to all affiliated licensees. Brokers can do that by holding seminars and workshops, watching videos, and bringing in guest speakers
What is significant about the Fair Housing Amendments Act of 1988?
It added handicap and familial status to the list of protected classes.
What housing is exempt from the familial status protected class?
Housing for older persons is exempt if one of the following conditions exists:
The HUD Secretary has determined that it is specifically designed for and occupied by elderly persons under a federal, state or local government program
Only persons who are 62 and older occupy the property
It houses at least one person who is 55 or older in at least 80% of the occupied units. It also adheres to a policy that demonstrates the intent to house persons who are 55 or older
If a person feels like he or she has been discriminated against, how long does that person have to file a complaint?
With the U.S. Department of Housing and Urban Development: within one year of the alleged act
In state or federal court: within two years of the alleged act
What type of changes might a commercial property make to bring a property into ADA compliance?
Adding ramps to the front entrance or accessible parking spaces
Widening doorways or aisles
Improving restroom facilities by adding wider stalls, higher toilets, or grab bars
(Licensees should alert their commercial and investor clients of the law and the need to have their leases professionally evaluated and their offices inspected for compliance.)
List 4 practices that would be considered discrimination in mortgage lending.
Refusing to give a loan or provide loan information
Refusing to purchase a loan
Setting different conditions for a loan purchase
Giving different terms for loans, such as interest rates or fees
Owners of small, public businesses must remove physical "barriers" that are "readily achievable." "Readily achievable" means easy to accomplish without much difficulty or expense. What is the "readily achievable" requirement based on?
The "readily achievable" requirement is based on the size and resources of the business.
What kind of houses were called "separate but equal" with a Supreme Court decision?
Racially segregated accommodations
Scenario 1: You decide to show a white couple properties in areas that only other whites occupy.
Scenario 2: You decide to show African-American buyers homes that are in integrated areas or areas occupied only by African Americans.
These scenarios are examples of which fair housing violation?
What is the definition of discriminatory advertising?
Advertising that indicates a preference, limitation, or discrimination based on race, color, religion, handicap, sex, familial status, or national origin.
An ad should never read males only, men only, females only, or other like phrases, with one exception. What is that exception?
If the ad is describing shared living areas or homes used exclusively as dormitories by educational institutions.
Give four examples of words or phrases that would be considered discriminatory in advertising.
Potential responses include:
When advertising by newspaper, how could you avoid an impression of racial steering?
Use a wide variety of newspapers, not just the local or neighborhood paper
The Federal Reserve Board designed the HMDA to accomplish what 3 requirements?
Help public officials distribute public-sector investments
Discover if financial institutions are serving the housing needs of communities
Identify where there are discriminatory lending practices
What metric is used to determine if the rate given to the borrower is above a certain threshold of the prevailing rates at the time of the application?
What does the Community Reinvestment Act require community banks to do?
The Community Reinvestment Act requires federal financial institution regulators to assess the record of each bank and thrift in helping to fulfill their obligations to the community
The Home Mortgage Disclosure Act (HMDA) requires financial institutions to maintain and disclose data about home purchases, home purchase pre-approvals, home improvement, and refinance applications involving one to four unit and multi-family dwellings. How often must the HMDA data be disclosed?
What investigative tool has private fair housing groups, along with government agencies, going undercover to find housing discrimination?
Testing (The tester will pose as a customer to check on fair housing compliance.)
How can testing be beneficial?
Testing, coupled with good documentation and record keeping, can demonstrate a real estate agency's innocence when faced with a fair housing complaint.
Scenario: A buyer is interested in living in an area where he will be surrounded by members of his own race. If someone asks to see the Hispanic-only areas, what do you do?
Explain to the buyer that showing her homes in Hispanic-only areas, as they requested, would be violating fair housing laws.
Remember, showing properties based on the ethnic makeup of the neighborhood could bring about a "steering" charge against you.
What could happen if one of your sellers declines to show a property to minorities or members of other protected classes?
This is illegal. Both you and your seller could be sued for violating fair housing laws.
Other sets by this creator
Ch. 4 - Real Estate Brokerage and Law of Agency
Ch. 3 - Concepts and Responsibilities of Home Owne…
Ch. - 2 Real Property
Ch. 1 - Introduction to Modern Real Estate Practice
Other Quizlet sets
Chemistry Gas Laws
unit 2 sciences test review
child psychology exam 2