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Practice Of Real EstateFair HousingEASY

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

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Related Topics & Key Terms

Key Terms:

broker_practicechapter_41acompliancedifficulty_2nc_fair_housingnc_statenc_state_fair_housing_act_and_human_relations_commissionnorth_carolinascenario_traps_edge_cases_and_enforcement

Related Concepts

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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