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10 Cards in this Set

  • Front
  • Back
State-regulated fund used to pay purchasers of real estate who have suffered a loss due to actions or inactions of licensee...
Recovery Fund
Act that prohibits descrimination against race & color in certain real estate transactions...
Civil Rights Act of 1866
Act that prohibits descrimination against race, color, religion, national origin, gender, familial status & handicap in certain real estate transactions...
Federal Fair Housing Act
Act of 1890 which ensures fairness in the market place...
Sherman Antitrust Act
Act which requires full disclosure of all costs involved in obtaining financing & closing on a property...
Real Estate Settlement Procedures Act (RESPA)
Advertisements placed by a sales agent that do not include the employing broker's name...
Blind Ads
True or False: It is legal to not put the name of the employing broker on an advertisement placed by a sales agent...
False. It is illegal not to.
Implies a higher standard of concern for what is right or fair for all parties involved & is realted to thinking...
Ethical
Tends to be concerned with accepted codes for good behavior or sanctions of a community & is related to feeling...
Moral
True or False: It is illegal to advise buyers on forms of ownership.
True. Advise buyers to seek advice of an attorney.