Property Management
A Florida property manager is asked by an owner to discriminate against prospective tenants based on race. The manager should:
AFollow the owner's instructions since the owner is the principal
BComply if the request is in writing
CRefuse and explain that such discrimination violates federal and state law✓ Correct
DConsult with FREC before deciding
Explanation
A property manager must refuse illegal instructions from the owner. Fair Housing laws prohibit racial discrimination, and following such instructions would make both the manager and owner liable for Fair Housing violations.
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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.
Earnest MoneyA deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Math Concepts
State-Specific Concepts
FREC Regulation
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