A real estate licensee in Richmond, Virginia is representing a seller who wants to sell only to buyers who can pay entirely in cash, without using any government assistance programs. The seller's stated reason is purely financial preference. Under Virginia's Fair Housing Law, which concern does this restriction most directly raise?
Correct Answer
A) It likely violates the source of funds protection if it excludes buyers using housing assistance
Virginia's Fair Housing Law (Va. Code § 36-96.1 et seq.) includes 'source of funds' as a protected class, which prohibits discrimination against buyers or tenants based on their use of lawful financial assistance, including government housing programs. A blanket exclusion of buyers using government assistance could violate this Virginia-specific protection.
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Related Topics & Key Terms
Key Terms:
Related Concepts
In real estate, the distinction between an independent contractor and an employee determines tax treatment, liability, and the level of control a broker may exercise over the agent's daily activities. Most real estate agents operate as independent contractors.
Florida real estate licenses must be renewed biennially, and sales associates have specific post-license education requirements for their first renewal.
License requirements are the mandatory qualifications—including pre-licensing education, examination, and background checks—that a person must satisfy before legally practicing real estate. These requirements are established and enforced by each state's real estate commission.
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