Which exemption allows a private individual who owns no more than three single-family homes to sell without using a broker exempt from the Fair Housing Act?
Why The private owner exemption (Jones v. Mayer exemption) Is Correct
Answer B: The private owner exemption (Jones v. Mayer exemption)
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
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Key Terms to Know
Federal law prohibiting discrimination in the sale, rental, or financing of housing based on race, color, national origin, religion, sex, disability, and familial status.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Joint TenancyCo-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
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