Real Estate Sales Exam Real Estate Sales Fair Housing and Ethics Questions and Answers 2

Question 1

A real estate agent refuses to show properties in a particular neighborhood to a family because of their national origin. Which federal law is being violated?

Accepted Answer

Fair Housing Act of 1968

Answer

Civil Rights Act of 1866

Answer

Equal Credit Opportunity Act

Answer

Home Mortgage Disclosure Act

Question 2

Which of the following practices constitutes illegal steering under fair housing laws?

Accepted Answer

Directing buyers toward or away from neighborhoods based on race

Answer

Providing school district information when asked

Answer

Showing all available listings to every client

Answer

Offering a buyer a list of neighborhoods within their budget

Question 3

Under the Code of Ethics, a REALTOR discovers that a competing agent has made false claims about a property listing. What is the REALTOR's primary obligation?

Accepted Answer

Report the matter to the local board of REALTORS

Answer

Confront the competing agent directly

Answer

Inform the buyer and ignore the competing agent

Answer

Post a public warning about the competing agent

Question 4

A landlord refuses to allow a tenant with a disability to install a grab bar in the bathroom at the tenant's own expense. Is this legal?

Accepted Answer

No, the landlord must allow reasonable modifications at the tenant's expense

Answer

Yes, the landlord has full control over property alterations

Answer

Yes, but only if the building was built before 1988

Answer

No, the landlord must pay for all disability-related modifications

Question 5

Which of the following is an example of blockbusting?

Accepted Answer

Telling homeowners that minority families moving in will lower property values

Answer

Refusing to sell a home to a buyer based on religion

Answer

Charging higher interest rates based on the borrower's ethnicity

Answer

Requiring a larger security deposit from families with children

Question 6

A real estate agent's client asks them to only market their home to buyers of a specific religion. How should the agent respond?

Accepted Answer

Refuse the request and explain it violates fair housing laws

Answer

Follow the client's instructions as required by fiduciary duty

Answer

Market to all buyers but give preference to the specified group

Answer

Refer the client to another agent willing to comply