Fair Housing
Under Nevada fair housing law, a property owner is exempt from fair housing requirements in which specific situation?
AWhen the property has been owned for more than 20 years
BAn owner-occupied building with no more than 4 units who does not use a real estate broker or discriminatory advertising✓ Correct
CAll rental properties are exempt from Nevada state fair housing laws
DCommercial properties are always exempt from fair housing requirements
Explanation
The 'Mrs. Murphy exemption' (named after a hypothetical case) exempts owner-occupied buildings with 4 or fewer units from certain federal Fair Housing Act requirements — but only if the owner does not use a real estate broker and does not use discriminatory advertising or statements.
People Also Study
Related Nevada Questions
- Nevada state fair housing law adds which protected class not found in the federal Fair Housing Act?Fair Housing
- Which Nevada city was among the first in the state to adopt local fair housing ordinances prior to the federal act?Fair Housing
- What are the requirements for a Nevada housing development to qualify for the 55+ housing exemption from familial status discrimination?Fair Housing
- Which protected class is covered under Nevada state fair housing law but NOT under the federal Fair Housing Act?Fair Housing
- Nevada's State Engineer oversees water rights. What is the process for obtaining a new water right in Nevada?Environmental
- Under NRS 645, what constitutes 'misleading advertising' by a Nevada real estate licensee?Nevada License Law
- Under NRS 645, how must a Nevada real estate licensee handle a situation where a client instructs them to do something that is legal but unethical?Nevada License Law
- The Nevada State Legislature enacted legislation restricting local governments from banning Accessory Dwelling Units (ADUs) in single-family residential zones. What is the primary policy reason for this?Land Use & Zoning
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.
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.
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.
Study This Topic
Practice More Nevada Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nevada Quiz →