Practice Of Real EstateFair_housingHARD
A property owner who lives in a single-family home and sells it without using a broker or discriminatory advertising claims the transaction is exempt from the Fair Housing Act. Which statement is MOST accurate?
Correct Answer
C) The exemption applies only if the owner does not own more than three single-family homes at one time
The Fair Housing Act provides a limited exemption for an owner of no more than three single-family homes who sells without using a broker and without discriminatory advertising. However, the prohibition against discriminatory advertising always applies.
Answer Options
A
The exemption applies regardless of how many homes the owner ownsB
There are no exemptions whatsoever under the Fair Housing ActC
The exemption applies only if the owner does not own more than three single-family homes at one timeD
The exemption applies only to properties valued under $100,000Why This Is the Correct Answer
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Why the Other Options Are Wrong
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Related Topics & Key Terms
Key Terms:
fair_housingpracticeexemptionowner_occupied
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