Under the Fair Housing Act, a seller may NOT instruct their listing agent to:
Why Accept offers only from buyers of a specific race Is Correct
Answer B: Accept offers only from buyers of a specific race
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.
Key Fair Housing Terms in This Question
A contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Fair Housing ActFederal law prohibiting discrimination in the sale, rental, or financing of housing based on race, color, national origin, religion, sex, disability, and familial status.
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Related North Carolina Questions
- The NC Fair Housing Act (North Carolina law) prohibits housing discrimination based on the same protected classes as the federal act plus:Fair Housing
- 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
- North Carolina's fair housing laws protect all seven federal protected classes plus:Fair Housing
- The federal Fair Housing Act of 1968 prohibits discrimination based on all of the following EXCEPT:Fair Housing
- A NC property manager who discovers a fair housing violation by a tenant (e.g., a tenant harassing another tenant based on race) should:Property Management
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.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
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.
Loan-to-Value Ratio (LTV)The ratio of a mortgage loan amount to the appraised value or purchase price of a property, expressed as a percentage.
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