Fair Housing
Texas real estate professionals should know that the Fair Housing Act's coverage includes which of the following transactions involving single-family homes?
AAll single-family home sales without exception
BSales involving a real estate agent or discriminatory advertising—these lose the private seller exemption✓ Correct
COnly multi-family housing sales
DOnly new construction sales
Explanation
While certain single-family home sales may be exempt from the Fair Housing Act (private sales without an agent, owner of no more than 3 homes, no discriminatory advertising), this exemption is lost if the seller uses a real estate agent or places discriminatory advertising. Most institutional sellers and all transactions involving real estate agents are fully covered.
Related Texas Fair Housing Questions
- A Texas lender denies a mortgage application from a qualified applicant without explanation. The applicant is of Vietnamese descent and has strong credit. Under ECOA, the lender is required to:
- Under the Fair Housing Act, advertising 'perfect for young professionals' in a property listing may be problematic because it could constitute:
- A real estate company's policy of not advertising properties in certain ethnic newspapers to avoid serving minority communities is an example of:
- A Texas apartment complex manager allows large dogs for one tenant but refuses the same accommodation for another tenant of a different race. This is an example of:
- A Texas mortgage company's policy of requiring a higher credit score for loans in minority neighborhoods than in comparable predominantly white neighborhoods would be an example of:
- HUD's 'disparate impact' rule in fair housing means that a neutral policy can be illegal if:
- The Americans with Disabilities Act (ADA) primarily applies to:
- A Texas licensee who changes the terms of their services based on a client's national origin is violating:
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