A Colorado landlord who owns 10 single-family rental homes refuses to rent to families with children. Are they exempt from the Fair Housing Act?
Why No — only single-family homes sold or rented by the owner without a broker may qualify for the exemption, and only for up to 3 owned homes Is Correct
Answer B: No — only single-family homes sold or rented by the owner without a broker may qualify for the exemption, and only for up to 3 owned homes
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.
Gross Rent Multiplier (GRM)A quick valuation metric for income properties calculated by dividing the property price by gross annual rental income.
Comparable Sales (Comps)Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
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.
State-Specific Concepts
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