The exemption from the Fair Housing Act for Mrs. Murphy's Law applies to:
Why Owner-occupied buildings with no more than 4 units where the owner resides Is Correct
Answer B: Owner-occupied buildings with no more than 4 units where the owner resides
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
An 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.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
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