Basic Questions Flashcards
7 cards from real Arizona Real Estate License practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Basic Questions flashcards as text
Which federal law prohibits discrimination in housing based on race, color, religion, sex, national origin, familial status, or disability?
Answer: The Fair Housing Act
The Fair Housing Act prohibits housing discrimination based on protected classes.
Steering a buyer toward or away from neighborhoods based on protected class is:
Answer: A fair housing violation
Steering based on protected characteristics is an illegal fair housing violation.
What is the practice of inducing owners to sell by suggesting minority groups are moving in?
Answer: Blockbusting
Blockbusting is the illegal practice of inducing sales by exploiting fears about neighborhood change.
Which federal law requires disclosure of settlement costs in residential transactions?
Answer: RESPA
RESPA (Real Estate Settlement Procedures Act) requires disclosure of settlement and closing costs.
Federal law requires disclosure of which hazard in homes built before 1978?
Answer: Lead-based paint
Homes built before 1978 require a lead-based paint disclosure to buyers and renters.
The Arizona SPDS (Seller Property Disclosure Statement) is primarily used to:
Answer: Disclose known material facts about the property
The SPDS lets the seller disclose known material facts and conditions about the property.
Which is a material fact a seller generally must disclose in Arizona?
Answer: A known roof leak
Known material defects such as a roof leak must be disclosed because they affect the property's value.