Real Estate Sales Exam Fair Housing and Disclosures 5

Question 1

A tenant with a physical disability requests permission to install grab bars in the bathroom. Under the Fair Housing Act, the landlord must:

Accepted Answer

Allow the modification at the tenant's expense, and may require restoration at move-out

Answer

Landlords must allow disabled tenants to make reasonable modifications at their own expense and may require restoration of the unit at move-out.

Question 2

Under RESPA, what is the maximum number of months of escrow that a lender can collect at closing for property taxes?

Accepted Answer

2 months

Answer

RESPA limits the initial escrow deposit to no more than two months of escrow payments as a cushion.

Question 3

An agent advertises a property as located in a 'Christian neighborhood.' This advertisement violates:

Accepted Answer

The Fair Housing Act's prohibition on discriminatory advertising

Answer

Advertising that expresses a preference for or against any protected class, including religion, violates the Fair Housing Act.

Question 4

Which of the following scenarios describes a legitimate affirmative marketing requirement?

Accepted Answer

A developer only advertising in minority publications to reach underserved communities

Answer

Affirmative marketing to underserved communities is encouraged under HUD programs to increase housing access, unlike discriminatory practices.

Question 5

A real estate agent is aware that a home is located in a flood zone. This information:

Accepted Answer

Is a material fact that must be disclosed to potential buyers

Answer

Flood zone designation is a material fact that significantly affects property value and insurance costs and must be disclosed.

Real Estate Sales Exam Practice Test