Fair Housing and Ethics Flashcards
7 cards from real Real Estate Sales Exam practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Fair Housing and Ethics flashcards as text
Under the Fair Housing Act, a landlord with 5 units in a building where they also reside is:
Answer: Exempt only if they do not use discriminatory advertising
Owner-occupied buildings of four or fewer units qualify for a limited FHA exemption, but only without discriminatory advertising and without a broker.
Which statement about the Equal Credit Opportunity Act (ECOA) is correct?
Answer: It prohibits discrimination in mortgage lending based on race, color, religion, national origin, sex, marital status, or age
ECOA prohibits credit discrimination based on race, color, religion, national origin, sex, marital status, age, and receipt of public assistance.
A seller instructs their agent: 'Do not show my home to anyone with an accent.' The agent's correct response is to:
Answer: Refuse the instruction and explain it violates fair housing law
An agent must refuse discriminatory instructions from a client, as following them would make the agent liable for fair housing violations.
The maximum civil penalty for a first fair housing violation found by HUD is approximately:
Answer: $16,000
HUD can impose civil penalties up to approximately $16,000 for a first fair housing violation (amounts are periodically adjusted for inflation).
A real estate agent posts a listing ad stating 'perfect for young professionals.' This phrasing potentially violates the FHA because it:
Answer: Discourages families with children, a protected class
Language that implies a preference for certain buyers can constitute discriminatory advertising under the FHA's familial status protections.
The NAR Code of Ethics requires a REALTOR® to present all offers to a seller:
Answer: All written offers until closing unless the seller instructs otherwise in writing
Article 1 of the NAR Code of Ethics requires REALTORS® to present all offers objectively and as quickly as possible unless the seller directs otherwise in writing.
Redlining historically refers to:
Answer: Denying services such as loans or insurance to residents in minority neighborhoods
Redlining was the practice of refusing loans, insurance, or other services to residents of neighborhoods deemed racially undesirable.
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- dre.ca.gov — Fees, retake fee, eligibility, exam format, passing score, retake policy, score release, time limit · verified Oct 2026
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