Under the Colorado Anti-Discrimination Act (CADA), which of the following property transactions is most likely exempt from the state's fair housing provisions?
Correct Answer
D) The rental of a room in an owner-occupied dwelling with no more than two rooms for rent
Under CADA (C.R.S. § 24-34-502), an owner-occupied dwelling where the owner rents no more than two rooms is exempt from the state fair housing provisions, similar to the 'Mrs. Murphy' exemption under federal law. This narrow exemption applies only when the owner personally resides in the property and limits the number of rentable rooms.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Commingling is the illegal act of mixing client trust funds with a broker's personal or business operating funds; conversion is the misappropriation of those funds.
Continuing education (CE) refers to the ongoing coursework that licensed real estate professionals must complete during each renewal cycle to maintain an active license. CE ensures agents stay current with changes in laws, regulations, and industry practices.
The National Do Not Call Registry is a federal program administered by the FTC that allows consumers to opt out of receiving unsolicited telemarketing calls, including calls from real estate agents soliciting business.
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In Wyoming real estate practice, an associate broker or salesperson is not associated with a responsible broker at renewal. What should the licensee remember?
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