EstatePass
Practice Of Real EstateFair HousingMEDIUM

A training instructor in Carrboro is updating the policy manual on the North Carolina State Fair Housing Act and Human Relations Commission. Which statement best applies under current North Carolina law?

Correct Answer

D) North Carolina brokers should treat the state fair housing act as a real compliance source, not just a background policy statement.

North Carolina brokers should treat the state fair housing act as a real compliance source, not just a background policy statement.

Answer Options
A
Only landlords, not brokers or sellers, need to think about Chapter 41A.
B
State fair housing law is merely symbolic and never relevant to brokerage conduct.
C
Chapter 41A applies only after a lawsuit is filed in federal court.
D
North Carolina brokers should treat the state fair housing act as a real compliance source, not just a background policy statement.

Why This Is the Correct Answer

Sign up free to unlock full analysis

Why the Other Options Are Wrong

Sign up free to unlock full analysis

Deep Analysis of This Practice Of Real Estate Question

Sign up free to unlock full analysis

Background Knowledge for Practice Of Real Estate

Sign up free to unlock full analysis
Sign up free to unlock full analysis

Real World Application in Practice Of Real Estate

Sign up free to unlock full analysis

Common Mistakes to Avoid on Practice Of Real Estate Questions

Sign up free to unlock full analysis

Related Topics & Key Terms

Key Terms:

broker_practicechapter_41acompliancecore_rules_and_definitionsdifficulty_3nc_fair_housingnc_statenc_state_fair_housing_act_and_human_relations_commissionnorth_carolina

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.

Was this explanation helpful?

More Practice Of Real Estate Questions

People Also Study

Related Articles

Practice More Questions

Access 2,000+ practice questions and pass your real estate exam.

Start Practicing