A housing complex is advertised as '55 and older community.' Under the Fair Housing Act, this community MAY legally exclude families with children if it meets which requirement?
Correct Answer
C) At least 80% of the occupied units must have at least one person 55 or older, and the community must comply with HUD verification procedures
The Housing for Older Persons Act exempts qualified 55-and-older communities from familial status protections if at least 80% of occupied units have a resident aged 55 or older and the community follows HUD's age verification requirements.
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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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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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