Real Estate Sales Exam Fair Housing and Disclosures 2

Question 1

A landlord refuses to rent to a couple because they have two young children. This is an example of discrimination based on:

Accepted Answer

Familial status

Answer

Familial status is a protected class under the Fair Housing Act, covering households with children under 18.

Question 2

Which of the following properties is generally exempt from the Fair Housing Act's prohibition on sex discrimination?

Accepted Answer

A rooming house where the owner occupies the premises and rents no more than four rooms

Answer

The Mrs. Murphy exemption allows owner-occupied buildings with four or fewer units to be exempt from certain Fair Housing Act provisions.

Question 3

Under the Americans with Disabilities Act (ADA), which of the following must provide accessible facilities?

Accepted Answer

Commercial facilities open to the public

Answer

The ADA requires places of public accommodation and commercial facilities to be accessible to people with disabilities.

Question 4

A seller asks an agent to only show the property to buyers of a specific ethnic background. The agent should:

Accepted Answer

Refuse and explain that steering violates fair housing laws

Answer

An agent must refuse discriminatory instructions from sellers as compliance would violate the Fair Housing Act.

Question 5

Which federal law requires lenders to disclose the annual percentage rate (APR) to borrowers?

Accepted Answer

Truth in Lending Act (TILA)

Answer

TILA (Regulation Z) requires lenders to clearly disclose the APR and total loan costs to borrowers.

Real Estate Sales Exam Practice Test