A Nevada real estate salesperson is reviewing the federal Fair Housing Act's protected classes before taking a listing. Which of the following classes was added to the Fair Housing Act by the 1988 Fair Housing Amendments Act, making it a relatively recent federal protection?
Correct Answer
B) Disability
Disability (along with familial status) was added to the Fair Housing Act by the Fair Housing Amendments Act of 1988. The original Fair Housing Act of 1968 covered five classes: race, color, religion, sex, and national origin. The 1988 amendments expanded the Act to include familial status and disability, bringing the total to seven federally protected classes. Nevada licensees must know both the original five classes and the two classes added in 1988.
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Related Topics & Key Terms
Key Terms:
Related Concepts
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.
Advertising regulations govern how real estate licensees may market properties and services, requiring truthful, non-deceptive advertising that includes proper identification of the brokerage.
Antitrust violations in real estate occur when competing brokerages or agents engage in practices that restrain trade, reduce competition, or harm consumers through collusion. These violations are governed by the Sherman Antitrust Act and can result in severe penalties.
More Practice Of Real Estate Questions
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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