Arizona Real Estate License Disclosure and Fair Housing 3

Question 1

A buyer's agent discovers the home is in a designated flood zone but the seller did not mention it. The agent should:

Accepted Answer

Disclose the material fact to the buyer

Answer

A property's location in a flood zone is a material fact that must be disclosed to the buyer.

Question 2

Which federal agency is primarily responsible for enforcing the Fair Housing Act?

Accepted Answer

HUD

Answer

The U.S. Department of Housing and Urban Development (HUD) enforces the Fair Housing Act.

Question 3

A landlord refuses to allow a tenant with a disability to install a wheelchair ramp at the tenant's expense. This likely violates the requirement to allow:

Accepted Answer

A reasonable modification

Answer

Allowing a tenant to make a structural change such as a ramp at their own expense is a reasonable modification protected under fair housing law.

Question 4

Blockbusting refers to the illegal practice of:

Accepted Answer

Inducing owners to sell by claiming a protected class is moving in

Answer

Blockbusting involves persuading owners to sell by suggesting that people of a protected class are entering the neighborhood.

Question 5

In Arizona, how long must a licensee's broker generally retain transaction and disclosure records?

Accepted Answer

5 years

Answer

Arizona brokers must retain transaction records, including disclosures, for at least five years.

Arizona Real Estate License Practice Test

Arizona Real Estate License Practice Test

Arizona Real Estate License Disclosure and Fair Housing 3