Real Estate Sales Exam FREE Real Estate Sales Fair Housing and Disclosures Questions and Answers 2

Question 1

A seller instructs their agent not to show the property to families with children. What should the agent do?

Accepted Answer

Refuse the instruction because it violates the Fair Housing Act's familial status protections

Answer

Follow the seller's instructions as they own the property

Answer

Only comply if the property qualifies as senior housing

Answer

Show the property but disclose the seller's preference to buyers

Question 2

Which of the following properties is EXEMPT from the Federal Fair Housing Act?

Accepted Answer

A duplex where the owner lives in one unit and rents the other without using a broker

Answer

A 50-unit apartment complex managed by a property management company

Answer

A single-family home listed with a real estate agent

Answer

A condominium with 10 units advertised in the local newspaper

Question 3

A buyer's agent discovers that a neighboring property was previously used as a methamphetamine lab. Is this a required disclosure?

Accepted Answer

Yes, because it is a material fact that could affect the buyer's decision

Answer

No, because it involves a neighboring property and not the subject property

Answer

Only if the buyer specifically asks about neighboring properties

Answer

Only if the contamination has spread to the subject property

Question 4

Under the Fair Housing Act, which action constitutes illegal steering?

Accepted Answer

Providing a buyer with listings only in neighborhoods matching their racial background

Answer

Showing a buyer every available listing in their price range

Answer

Recommending a neighborhood based solely on school district quality

Answer

Suggesting a property because it is close to the buyer's workplace

Question 5

A property built in 1972 is being sold. What must the seller disclose regarding lead-based paint?

Accepted Answer

The seller must provide the EPA lead hazard pamphlet and disclose any known lead-based paint

Answer

Nothing, because the property was built after the 1960 cutoff

Answer

Only that lead paint may be present if the buyer requests information

Answer

The seller only needs to disclose if lead paint has been tested and confirmed

Question 6

Which scenario best illustrates blockbusting?

Accepted Answer

An agent tells homeowners that people of a different race are moving into the area to induce panic selling

Answer

An agent refuses to provide mortgage information to a qualified buyer

Answer

A lender charges higher interest rates in certain zip codes

Answer

An agent advertises a property as ideal for a specific religious group