Fair Housing
Under the Fair Housing Act, the maximum civil penalty for a first violation by a respondent who has NO prior violations within the preceding 5 years is approximately:
A$5,000
B$16,000✓ Correct
C$25,000
D$100,000
Explanation
HUD civil penalties for Fair Housing violations are periodically adjusted for inflation. For a first violation with no prior adjudicated violations in the preceding 5 years, the penalty is approximately $16,000 (subject to periodic COLA adjustments).
People Also Study
Related Arkansas Questions
- What is the maximum civil penalty for a first violation of the Fair Housing Act in a HUD proceeding?Fair Housing
- The maximum civil penalty for a first-time Fair Housing Act violation adjudicated by HUD is:Fair Housing
- In an ALJ fair housing proceeding, the maximum civil penalty that can be assessed for a respondent's first violation is approximately:Fair Housing
- What is the maximum civil penalty AREC may impose on a licensee for a single violation of the Arkansas Real Estate License Law?Arkansas License Law
- A complaint alleging a Fair Housing Act violation must be filed with HUD within:Fair Housing
- An appraiser uses three comparable sales with adjusted values of $290,000, $295,000, and $298,000. The subject is most similar to the $295,000 comparable. The appraiser should likely conclude a value of approximately:Property Valuation
Key Terms to Know
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.
SteeringAn illegal practice where a real estate agent directs buyers toward or away from certain neighborhoods based on the buyer's race, religion, national origin, or other protected characteristics.
BlockbustingAn illegal practice of inducing homeowners to sell by claiming that the entry of minority groups will lower property values.
RedliningAn illegal practice where lenders or insurers deny services or charge higher rates in certain neighborhoods based on the racial or ethnic composition of those areas.
Study This Topic
Practice More Arkansas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Arkansas Quiz →