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15 Cards in this Set
- Front
- Back
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Any discriminatory attitudes of property owners or property seekers must be what? |
Addressed by the licensee |
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What kind of violation is noncompliance with far housing laws? |
A civiil and criminal violation Result in suspension, nonrenewable or revocation of license, reprimand or IDFPR fine |
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What part of the civil rights act of 1968 prohibits discrimination based on race, color, religion, national origin? |
Title 8 of the Civil rights act Fair Housing Act. Fair housing poster should be on display in every real estate office |
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What may a landlord do to ensure restoration of a house after a disabled person lives there? |
Negotiate a restoration agreement provision requiring the tenant pay into an interest-bearing escrow account a reasonable amount of money not to exceed the cost of restorations. |
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What does the Fair Housing Act exempt? |
Owner-occupied buildings with no more than 4 units Single-family housing sold or rented without the use of a real estate licensee Housing operated by organizations and private clubs that limit occupancy to members |
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What older housing is exempt from familial status protection? |
Housing intended for persons 62 and older occupied by at least one person 55 or old (where 80% of the units are occupied by individuals 55 or older) Because of HOPA (housing for older persons act) |
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Where are violations reported to? |
May file complaint against HUD within one year |
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What is the act of encouraging people to sell or rent their homes by claiming that entry of a protected class will have some sort of negative impact on values? |
Blockbusting |
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What is the channeling of homemakers to particular neighborhoods? |
Steering |
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What may advertising not include? |
Language indicating a preference or limitation. No exception, including "accidental" |
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What is the practice of refusing to make mortgage loans or issue insurance policies in specific areas for reasons other than financial quals? |
Redlining |
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What does the Home Mortgage Disclosure Act require? |
That all institutional mortgage lenders with assets in excess of 36 million make annual reports. |
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The real Estate License act of 2000 prohibits any action that violates what? |
The Illinois Human Rights Act |
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What is the high moral system of principles, rules, and standards that are based on personal values? |
Ethics |
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What is a written system of standards for professional, values-based conduct. |
Code of ethics Must be specific. The NAR has a code adopted in 1913 called the Code of Ethics and Standards of Practice |
