Fair HousingIntermediateAlaska Exam

A real estate agent's duty to comply with fair housing law includes:

AOnly laws applicable to properties they personally list

BAll transactions regardless of the role they play (listing agent, buyer's agent, or property manager)Correct

COnly transactions involving federal loan programs

DOnly transactions in municipalities with local fair housing ordinances, though this can vary by county

Why All transactions regardless of the role they play (listing agent, buyer's agent, or property manager) Is Correct

Answer B: All transactions regardless of the role they play (listing agent, buyer's agent, or property manager)

Fair housing obligations apply to all real estate licensees in all transactions — whether acting as listing agents, buyer's agents, property managers, or in any other capacity. There is no exception based on the type of transaction or the property involved.

Exam Tip: Fair Housing

Fair Housing questions test both federal (Fair Housing Act of 1968) and state-level protected classes. The federal protected classes are race, color, religion, national origin, sex, familial status, and disability. Many states add additional protections.

Key Fair Housing Terms in This Question

Buyer's Agent

A real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.

People Also Study

Key Terms to Know

Buyer's Agent

A real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.

Fair Housing Act

Federal law prohibiting discrimination in the sale, rental, or financing of housing based on race, color, national origin, religion, sex, disability, and familial status.

Debt-to-Income Ratio (DTI)

A lender's measure of a borrower's monthly debt obligations relative to their gross monthly income, used to evaluate loan eligibility.

Pre-Approval

A lender's conditional commitment to loan a specific amount to a borrower, based on verified income, credit, and assets.