Disclosure and Fair Housing 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 Disclosure and Fair Housing flashcards as text
Redlining is best defined as:
Answer: Denying loans or insurance in certain areas based on demographics
Redlining is the discriminatory denial of loans, insurance, or services in particular areas often correlated with protected classes.
Under Arizona law, a licensee who is aware that a property was the site of a suicide must:
Answer: Not be required to disclose it as a matter of law
Arizona statute specifies that a death by suicide or other cause on a property is not a material fact that must be disclosed.
The Fair Housing Amendments Act of 1988 added which protected classes?
Answer: Disability and familial status
The 1988 amendments added disability (handicap) and familial status to the protected classes.
A property has a working, disclosed pool but no fence. Under Arizona law the licensee should ensure the buyer receives:
Answer: The required pool safety notice
Arizona requires that buyers of property with a pool receive the state's pool barrier/safety notice.
An 'as-is' clause in an Arizona purchase contract:
Answer: Does not relieve the seller of the duty to disclose known material defects
An as-is sale does not excuse a seller from disclosing known material defects.
Which housing may qualify for the '55 and older' exemption from the familial status protection?
Answer: Qualified housing for older persons meeting HUD occupancy standards
Housing for older persons can be exempt from familial status rules if it meets HUD's 55-and-older occupancy requirements.
If a buyer relies on a licensee's false statement of material fact and is harmed, the licensee may be liable for:
Answer: Misrepresentation
A licensee who makes a false statement of material fact that a buyer relies on to their detriment can be liable for misrepresentation.