Regulatory & Fair Housing Compliance Flashcards
7 cards from real CHI practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Regulatory & Fair Housing Compliance flashcards as text
The Americans with Disabilities Act (ADA) applies primarily to which type of residential property?
Answer: Places of public accommodation and commercial facilities, not private residences
The ADA covers public accommodations and commercial facilities; the Fair Housing Act governs accessibility requirements for most residential housing.
What does the term 'redlining' historically refer to in the context of fair housing?
Answer: Denying services or raising prices for residents of certain neighborhoods based on race or ethnicity
Redlining was the discriminatory practice of denying mortgages, insurance, or other financial services based on the racial composition of a neighborhood.
Under RESPA (Real Estate Settlement Procedures Act), which of the following is prohibited?
Answer: Kickbacks or referral fees between settlement service providers
RESPA prohibits kickbacks and unearned fees among settlement service providers in federally related mortgage transactions.
A home inspector who also holds a real estate license must be especially careful about which ethical conflict?
Answer: Using inspection findings to negotiate a commission advantage or steer clients
Dual-licensed professionals must avoid leveraging inspection results for real estate transaction advantages, which creates a conflict of interest.
Which of the following best describes a 'reasonable accommodation' under the Fair Housing Act?
Answer: A change in rules or policies to allow a person with a disability equal opportunity to use housing
A reasonable accommodation is a change in rules, policies, or services to give a person with a disability equal access to housing.
An inspector notes that a property's septic system is located near a protected wetland. The primary regulatory concern involves:
Answer: Clean Water Act and state environmental regulations
Septic systems near wetlands raise concerns under the Clean Water Act and applicable state environmental laws protecting water quality.
Which statement about the Fair Housing Act's exemption for single-family homes sold by the owner is accurate?
Answer: It only applies if the owner does not use a broker and does not use discriminatory advertising
The private sale exemption is narrow: no broker involvement and no discriminatory advertising are required for it to apply.