Federal and State Laws for Real Estate
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
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| show | TRUE
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| Before selling or leasing lots in subdivisions of 100 or more lots, developers first need to register the subdivision with the ----- | show 🗑
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| show | The Interstate Land Sales Full Disclosure Act
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| show | FALSE
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| show | property report
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| show | FALSE
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| The ------ REQUIRES (not recommends) the use of an equal opportunity poster featuring the equal housing logo and a statement that pledges adherence to the Act. | show 🗑
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| show | TRUE
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| ----- MAY restrict dwelling units they own or operate to members of their religion provided the organization does not otherwise discriminate in accepting its membership. | show 🗑
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| T/F Landlords may verbally inform tenants of how tenant security deposits will be held at the time the deposits are paid to the landlord. | show 🗑
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| T/F Landlords must inform tenants in writing, within 30 days from the receipt of advance rent or security deposit, of the manner in which the funds are being held. | show 🗑
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| show | security deposit
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| T/F Landlords must give reasonable notice prior to entering a tenant's apartment except in emergencies. | show 🗑
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| Except in -----, landlords are obligated to enter rented premises at times reasonable and convenient for the tenant. | show 🗑
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| T/F Which property is exempt from Title VIII of the Civil Rights Act of 1968? | show 🗑
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| show |
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| ----- is illegal in any real estate transaction under federal law. | show 🗑
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| A licensed sales associate collects rent from a tenant. The sales associate MUST | show 🗑
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| Housing for older persons is exempt from the familial status protection under the Fair Housing Act provided what percent of the units are occupied by one or more persons 55 years of age or older? | show 🗑
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| show | Housing for older persons exempt
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| show | collect rent or deposits
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| show | private home
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| show | Public accommodations
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| show | Fannie Mae
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| ----- the Department of Housing and Urban Development (HUD), the Department of Justice (DOJ), state and local fair housing enforcement agencies, and through private lawsuits in federal and state courts. | show 🗑
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| Which statement is TRUE regarding a racial discrimination case involving commercial real estate? | show 🗑
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| The ------ prohibits any type of discrimination based on race in any real estate transaction without exception. This law is still in force today. | show 🗑
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| Under ILSA, developers of 25 or more lots must provide buyers with a ----- | show 🗑
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| show | Developers of 25 or more lots
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| Under which circumstance is a landlord relieved from the requirement to place security deposits into a special rental account? | show 🗑
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| show | handicap status
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| show | familial status and handicap status
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| show | At least 80% of the units are occupied by one or more persons 55 years of age or older.
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| show | exempt from the familial status protection
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| show | HUD
Department of Housing and Urban Development
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| The ----- is available from the HUD - Department of Housing and Urban Development | show 🗑
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| If a landlord does not intend to make a claim on a tenant’s security deposit, how long does the landlord have to return the deposit? | show 🗑
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| show | not intend to make a claim
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Created by:
XAYA