Fair Housing

What is a 'Voluntary Compliance Agreement' (VCA) in fair housing enforcement?

AA Nevada contract requiring all landlords to comply voluntarily with fair housing laws

BAn agreement between HUD or a state agency and a housing provider to resolve fair housing violations through corrective actions, training, and monitoring — an alternative to formal adjudication✓ Correct

CA standard lease addendum required for federally funded Nevada housing

DAn agreement between two Nevada brokerages to promote fair housing

Explanation

When a fair housing complaint is investigated and a determination of reasonable cause is made, HUD or a state fair housing agency may negotiate a Voluntary Compliance Agreement (VCA) with the respondent. VCAs typically require: payment to the complainant, implementation of fair housing policies, employee training, testing, and reporting.

People Also Study

Key Terms to Know

Agency

A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.

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.

Listing Agreement

A contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.

Earnest Money

A deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.