Fair Housing
A Montana real estate agent who discovers that a comparable sale used in their CMA involved a discriminatory 'gentlemen's agreement' (where minority buyers were steered away) should:
AUse the sale without comment since it is a recorded transaction
BRecognize that discriminatory transactions can distort market data and may need to be investigated or excluded if the price was affected by discrimination✓ Correct
COnly use recent sales without investigating prior sales
DReport the transaction to HUD immediately before using it
Explanation
Comparable sales that may have been affected by discriminatory practices (steering, restrictive covenants) could have distorted values. Appraisers and agents should be aware of and account for such distortions in their market analysis.
Related Montana Fair Housing Questions
- The 1968 Supreme Court case Jones v. Alfred H. Mayer Co. interpreted which law to prohibit all racial discrimination in housing without exception?
- Under the Fair Housing Act, a person who believes they have been discriminated against must file a complaint with HUD within:
- A real estate agent tells a prospective buyer that a particular neighborhood 'is changing' and suggests they look elsewhere. This is most likely an example of:
- A Montana seller tells their listing agent they do not want to sell to any buyers from a specific ethnic background. The agent must:
- The Fair Housing Act exemption for owner-occupied buildings with four or fewer units is known as the:
- A Montana landlord who refuses to make a reasonable accommodation for a tenant's disability, citing cost as the only reason, may be violating the Fair Housing Act unless:
- Under the Fair Housing Act, which of the following is an example of a reasonable accommodation for a tenant with a disability?
- The Civil Rights Act of 1866 is significant in real estate because it:
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