A broker is training new agents on the federal statute that prohibits discrimination in the sale and rental of most housing on the basis of race, color, religion, sex, national origin, disability and familial status. Which law is she teaching?
Correct Answer
A) The federal Fair Housing Act
The federal Fair Housing Act, Title VIII of the Civil Rights Act of 1968, is the statute that reaches housing transactions generally and lists those seven protected classes. Sex was added in 1974, and disability and familial status in the 1988 amendments. The other civil rights statutes protect narrower ground: one class, a different transaction, or a different kind of facility.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Broker supervision is the legal obligation of a designated or managing broker to oversee and be accountable for the real estate activities of all salespersons and associate brokers operating under their license.
Commingling is the illegal act of mixing client funds with a broker's personal or business operating funds, while conversion is the unauthorized use of client funds for the broker's own benefit. Both are serious violations that can result in license revocation.
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.
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