Which of the following housing situations must fully comply with Georgia Fair Housing Law requirements and does NOT qualify for any exemption?
Correct Answer
D) An apartment complex with 15 units managed by a property management company
An apartment complex with 15 units managed by a professional property management company does not qualify for any fair housing exemption. Under Georgia Fair Housing Law (O.C.G.A. § 8-3-204), exemptions are narrowly defined. The use of a property management company (a licensed broker or agent) automatically removes any potential exemption, and the size of the complex (15 units) far exceeds the owner-occupied dwelling threshold. When a third-party agent or broker is involved in the sale, rental, or management of property, fair housing law applies in full.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Florida brokers are required to maintain transaction records and escrow records for a minimum of five years.
A tie-in arrangement is an illegal antitrust practice in which a seller conditions the purchase of one product or service on the buyer's agreement to purchase a separate product or service.
A trust account, also called an escrow account, is a separate bank account maintained by a broker to hold funds belonging to others, such as earnest money deposits, security deposits, or other client funds.
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