A NC senior apartment complex that qualifies under HOPA's 55+ exemption must maintain records proving that:
Why At least 80% of occupied units have at least one resident age 55 or older Is Correct
Answer B: At least 80% of occupied units have at least one resident age 55 or older
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.
People Also Study
Related North Carolina Questions
- A NC senior housing community that qualifies as 'housing for older persons' under the Housing for Older Persons Act (HOPA) may restrict occupancy to persons aged:Fair Housing
- A 55-and-older community in North Carolina is exempt from familial status provisions IF:Fair Housing
- A 'resident manager' living at an apartment complex in NC who collects rent and manages the property must hold a real estate license unless:Property Management
- Under NC license law, a broker is required to maintain which records for at least 3 years?North Carolina License Law
- A NC landlord owns a 24-unit apartment complex. Average monthly rent is $950. If the vacancy rate is 8.33% (2 units vacant), the monthly effective gross income is approximately:Real Estate Math
- Under the FHA, which of the following is a protected class in senior housing communities (55+) that is NOT waived by HOPA exemption?Fair Housing
- A NC broker who manages rental properties must maintain trust account records showing all receipts and disbursements. These records must reconcile:Property Management
- A landlord has a policy that no children under 12 may live in their apartment complex. This policy most likely violates which protected class under the Fair Housing Act?Fair Housing
Key Terms to Know
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.
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.
Study This Topic
Practice More North Carolina Real Estate Questions
1,400+ questions covering all exam topics. Start free — no signup required.
Take the Free North Carolina Quiz →