Colorado License LawIntermediateColorado Exam
A Colorado broker who accepts a listing knowing the seller intends to discriminate in the sale has:
ANo liability as long as the broker personally does not discriminate
BViolated fair housing laws by participating in a discriminatory transactionCorrect
CMet their obligations by disclosing the discrimination to the Division of Real Estate
DProtected themselves by obtaining written instructions from the seller
Why Violated fair housing laws by participating in a discriminatory transaction Is Correct
Answer B: Violated fair housing laws by participating in a discriminatory transaction
A Colorado broker who knowingly participates in a discriminatory transaction violates both fair housing laws and Colorado license law. Written instructions from the seller do not protect the broker.
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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.
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.
ProrationThe division of ongoing property expenses (taxes, HOA dues, rents) between buyer and seller at closing based on their respective days of ownership.
State-Specific Concepts
License Law
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