Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
44 Cards in this Set
- Front
- Back
|
California Fair Housing Act (__Act). This state law forbids discrimination in the sale, rental, lease, or __ of practically all types of housing.
|
Rumford; financing
|
|
|
Violators of California Fair Housing Act are investigated by the Commission of Fair Employment and Housing, which can levy __.
|
fines
|
|
|
1988 Amendments to the Civil Rights Act of 1968 broaden the definition of handicap to include AIDS, cancer, alcoholism, and people with mental __
|
disorders
|
|
|
Jones v. __ Case:
bars all racial discrimination, private as well as public, in the sale or rental of property, to uphold the __ Amendment (against slavery). |
Mayer ; Thirteenth
|
|
|
Clean Air Act requires businesses (including real estate developers) to meet __ quality standards.
|
air
|
|
|
National Environmental Policy Act requires an environmental impact report on all projects using __ funding.
|
federal
|
|
|
Common interest developments (CIDs) are: condominiums, planned unit developments, stock cooperatives, and community apartments. All of these developments are considered __.
|
subdivisions
|
|
|
A condominium is a type of real estate ownership, not a type of
__. |
structure
|
|
|
A condominium owner acquires a fee title interest in the airspace of the particular unit and a(n) __ interest (with other condominium owners) in the land in addition to all other common areas, such as hallways, elevators, carports, and recreational facilities.
|
undivided
|
|
|
Each condominium owner has his own individual deed, real estate loan, and property tax __.
|
assessment
|
|
|
Condo conversion (from apartments) reduces the supply of __ units.
|
rental
|
|
|
A planned unit development (PUD) or planned development (PD) is often confused with a condominium. They are not the __.
|
same
|
|
|
In a __, a person owns his own living unit and lot, in addition to an undivided interest in the common areas. A condominium owner owns his own living unit, but not his own __.
|
PUD, lot
|
|
|
A stock cooperative is a corporation formed for the purpose of holding title to a building. Each shareholder of the entire corporation is given the right to occupy a(n) __ unit.
|
living
|
|
|
The greatest possible estate in land, wherein the owner has the right to use it, exclusively possess it, commit waste upon it, dispose of it by deed or will, and take its fruits. It represents absolute ownership of land. This is called __ __ interest.
|
fee title (or maybe fee simple absolute)
|
|
|
Under a stock cooperative and a community apartment, each
person does NOT receive an individual deed, real estate loan, or property tax assessment. All the __ must agree to pool their funds each month to make the mortgage payment, pay the property taxes, and pay for upkeep and maintenance. |
shareholders
|
|
|
Stock cooperatives and community apartments are not as popular
as __ and PUDs. |
condominiums
|
|
|
__ zoning is an ordinance that requires a builder of new
residential housing to set aside a designated number of units for low- and moderate-income people. |
Inclusionary
|
|
|
A planning commission is composed of citizens appointed by the members of the city council or board of supervisors. They advise
the elected officials on land-use matters; they only make __. |
recommendations
|
|
|
City or county staff employees who lend professional and technical assistance to elected officials and citizens: __ dept.
|
Planning
|
|
|
Real estate examples of
police power include zoning ordinances, building and health codes, setback requirements, environmental regulations, and rent __. |
controls
|
|
|
No new subdivision of five or more parcels located in California
can be offered for sale until the real estate commissioner issues a public __. |
report
|
|
|
The final public report is not issued until the commissioner is satisfied that the developer has met all statutory requirements, with particular emphasis on the establishment of __ arrangements to assure completion of any promised facilities. The issuance of a public report does not mean that in the eyes of the commissioner, the subdivision is a good investment.
|
financial
|
|
|
The subdivider must deliver a copy of the commissioner’s final public report to the prospective buyer, who signs it. Subdivider keeps this on file 3 years. The report is good for __ years.
|
5
|
|
|
A subsequent resale of a lot by the original purchaser does not require that the second buyer receive a __ report.
|
public
|
|
|
If a developer of 50 or more lots located in one state wishes to market the lots in another state(s), the developer must conform to the Interstate Land __ Full-Disclosure Act
|
Sales
|
|
|
Land Sales Full-Disclosure Act requires the developer to obtain a public report issued by the Department of Housing and Urban Development (HUD) and to deliver a copy to each prospective buyer. This law is an attempt to reduce the number of fraudulent land sales that take place by mail or through out-of-state __.
|
advertising
|
|
|
An alternative to subdividing recreational land into individual
parcels is keeping the original large parcel intact and selling undivided interests, or __. |
shares
|
|
|
UNDIVIDED interest in land means the land is not divided; you own a share of the whole undivided parcel and can use __ of it.
|
all
|
|
|
Unlawful directing of a prospective buyer or tenant to certain neighborhoods or the refusal to tell about the availability of housing in another neighborhood is called __. It was made illegal the by __ Civil Rights Act.
|
steering; Unruh
|
|
|
Attempting to create panic selling by telling existing property owners that minority groups have targeted their neighborhoods for purchase is called __ __. It was made illegal the by Unruh Civil Rights Act.
|
block busting
|
|
|
The Subdivided Lands Act defines a subdivision as the division of land into __ or more lots for the purpose of sale, lease, or financing,
|
five
|
|
|
The Subdivision __ Act describes the division of land into two or more lots for the purpose of sale, lease, or financing.
|
Map
|
|
|
Two powers that allow government to control land use are __ power and the power of eminent domain.
|
police
|
|
|
Cities and counties in California must have a __ commission.
|
planning
|
|
|
The Subdivision Map Act is administered by __ officials and is mostly concerned with the __ aspects of a subdivision.
The Subdivided Lands Act is administered by the California real estate __ and is primarily concerned with the __ aspects of a subdivision. |
local; physical
commissioner; marketing |
|
|
The key element of the Subdivided Lands Act is the required public
report, which must be delivered to each prospective __ of a lot in a new California subdivision. |
buyer
|
|
|
The Unruh Civil Rights Act and the California Fair Housing Act (Rumford Act) are two California __ laws.
|
antidiscrimination
|
|
|
The appellate process to appeal a negative planning commission decision goes from the planning commission, to the board of __ or city council, to the __.
|
supervisors; courts
|
|
|
The right of the consumer, within a specified time, to rescind a land purchase contract and receive a full refund applies to new land projects of __ lots or more.
|
50
|
|
|
Unruh Act: no steering or block busting.
Rumford Act: no __ Housing Financial Discrimination Act (Holden Act): no __ |
discrimination
red lining |
|
|
Redlining is a loan practice under which a lender refuses to grant a housing loan in certain geographic areas based on neighborhood trends, regardless of the __ of the borrower.
|
merits
|
|
|
A deviation from the established zone requirements is called __.
|
variance
|
|
|
The builder must prepare a negative impact report (NIR) if a project is minor, with no or limited environmental concern, OR a costly, fully documented __ impact report (EIR) if a project is major.
|
environmental
|
