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1 of 10 – In 1962, President Kennedy issued ________ to prevent discrimination in residential properties financed by FHA and VA loans.
Executive Order 11063
the Americans with Disabilities Act
the Sherman Anti-Trust Act
the Blockbusting Act
2 of 10 – What legislation enacted in 1974,required lenders to be fair and impartial in determining who qualifies for a loan?
The Easy Funding Act
The Equal Credit Opportunity Act
The Fairness in Lending Law
The Redlining Adoption Act
3 of 10 – Agent Smith tells the Jacob family the Fernwood neighborhood is beautiful, attractive, and highly desirable. The next day, Agent Smith tells the Miller family that Fernwood is deteriorating, values are falling, and the school district is less than stellar. Name the form of illegal discrimination.
Restricting MLS participation
4 of 10 – Realtor® Phil violated Article 1 of the National Association of Realtor’s Code of Ethics. What did he do?
He was not truthful in his advertising.
He did not respect other Realtor’s®.
He did not maximize the number of completed real estate transactions.
He did not protect the best interests of his clients.
5 of 10 – Bank of America, Citigroup, Wells Fargo, and JP Morgan Chase all agree not to lend on properties in the downtown of XZYville. This would be an example of?
6 of 10 – Realtor® Rory violated National Association of Realtor’s code of ethics. Which of the following is NOT a possible punishment he could receive from the NAR?
A $10,000 fine
Expulsion from the NAR
Required attendance at an ethics class
A 6 month suspension
7 of 10 – Jane feels she has been discriminated against in her search for a new home. She is a single mother of two. Where should she first go with a complaint?
The Office of Fair Housing and Equal Opportunity (OFHEO)
The Florida Real Estate Commission
The National Association of Realtors
The Department of Commerce
8 of 10 – In 1968, the Supreme Court ruled in________ that all discrimination in selling or renting residential property based on race is prohibited under the provisions of the Civil Rights Act of 1866.
Brown vs the Board of Education, Topeka
Plessy v. Ferguson
Jones v. Mayer
Roe v. Wade
9 of 10 – National Association of Real Estate Brokers, Inc. (NAREB) members are known as
10 of 10 – Article 17 of the National Association of Realtors Code of Ethics concerning dispute resolution requires REALTORS to?
Only form oral contacts.
Arbitrate rather than litigate.
Not report discrimination cases.
Sue difficult clients.