Fair housing law protected classes and the National Association of Realtors code of ethics tested on state licensing exams.
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- What are the seven federally protected classes under the Fair Housing Act?
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Race, color, religion, national origin, sex, familial status, and disability.- Under Fair Housing, what accommodation must be made for a person with a disability?
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Reasonable accommodations in policies, practices, and procedures; reasonable modifications to property.- Define blockbusting.
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Inducing property owners to sell or rent by suggesting that members of a protected class are moving into the area.- Can a landlord refuse to rent to families with children?
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No, unless the property qualifies as housing for seniors or disabled persons only.- What is the primary function of the National Association of Realtors Code of Ethics?
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To establish standards of conduct for real estate professionals and promote professionalism and integrity.- According to the NAR Code of Ethics, what must a realtor disclose about their compensation?
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The source, amount, and terms of compensation and any contingencies affecting it.- What does Article 1 of the NAR Code of Ethics require?
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Realtors shall not knowingly make false statements about property, comparable sales, market conditions, or values.- Can a real estate agent represent both the buyer and seller in the same transaction?
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Yes, but only with full written disclosure and consent of both parties, and cannot give undivided loyalty to either party.- What is a violation of the NAR Code of Ethics regarding property descriptions?
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Describing property inaccurately, omitting important information, or using deceptive advertising practices.- What must a realtor do before placing a sign on a property?
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Obtain written permission from the property owner or authorized representative.- According to NAR ethics, how must a realtor handle earnest money or trust funds?
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Deposit them promptly into a trust or escrow account and maintain accurate records; never commingle with personal funds.- What is prohibited when advertising a property?
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Using discriminatory language, photos, or references to protected classes.- When must a real estate agent disclose agency relationships?
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Before the agent shows property or enters into a contract with a buyer or seller.- Is it ethical for a realtor to accept a bonus or rebate from a lender?
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Only if fully disclosed in writing to all parties to the transaction.- What is sexual harassment in the context of fair housing law?
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Unwelcome conduct of a sexual nature that affects the provision of housing or housing services.
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