Showing a buyer properties that are outside of her budget

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Reference no: EM131546507

1. Under federal law, the seller of a home built before 1978 must:

a. remove all lead-based paint from the property

b. have the home inspected for lead-based paint

c. repaint any areas where lead-based paint was used

d. provide a copy of any report about lead-based paint in the home

2. Showing a buyer properties that are outside of her budget:

a. usually results in a sale

b. typically increases the buyer's agent's commission

c. may discourage the buyer from finding an affordable home

d. is recommended by most brokers

3. If a seller does not want to sell to a member of a protected class, the agent should:

a. take steps to accommodate the seller’s wishes

b. include this information in the Comments section of the listing

c. explain the fair housing laws to the seller

d. All of the above

4. The Federal Fair Housing Act prohibits discrimination on the basis of:

a. race, religion, color, national origin

b. mental/physical handicap

c. familial status

d. All of the above

5. The law requiring a purchase and sale agreement to be in writing is the:

a. statute of frauds

b. license law

c. Federal Fair Housing Act

d. RESPA

Reference no: EM131546507

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