MCKISSOCK ACTUAL QUESTIONS AND
CORRECT ANSWERS COMPLETE REAL
ESTATE STUDY GUIDE
●● Plessy v. Ferguson
Answer: the court held that the enforcement of racial segregation of
private or public facilities did not violate the Constitution as long as
separate facilities were equal. This created the "separate but equal"
policy that legitimatized segregation in all aspects of society, including
rights in real property. This was not overturned until almost 60 years
later.
●● Fair Housing Act of 1968
Answer: Prohibits discrimination in the sale, rental and financing of
dwellings based on race, color, religion, sex or national origin.
●● Equal Credit Opportunity Act (ECOA)
Answer: enacted in 1974, prohibits discrimination based on race, color,
religion, national origin, sex, marital status, age, source of income or
whether a person exercises rights granted under the Consumer Credit
Protection Act for any credit transaction and through the life of the loan
●● FIRREA (Financial Institutions Reform, Recovery, and Enforcement
Act of 1989)
,Answer: A law enacted to ensure that real estate appraisals are
performed up to standard was __________________.
●● Affirmative action
Answer: A set of procedures designed to eliminate unlawful
discrimination between applicants, remedy the results of such prior
discrimination, and prevent such discrimination in the future. Applicants
may be seeking admission to an educational program or looking for
professional employment.
●● 13th Amendment (1865)
Answer: At the end of the Civil War, the ______ Amendment was
enacted to abolish slavery.
●● Brown v. Board of Education
Answer: Which case outlawed segregation in schools
●● The Consumer Credit Protection Act
Answer: ECOA prohibits discrimination under ____________.
●● Rehabilitation Act of 1973
Answer: The _______________ prohibited discrimination against
handicapped persons in all federally-assisted programs, including
housing.
,●● Civil Rights Case (1883)
Answer: The U.S. Supreme Court held that the equal protection clause
of the U.S. Constitution (i.e., the 14th Amendment) did not prohibit
private acts of discrimination; rather it merely prohibited discrimination
that was the product of government action.
●● Community Reinvestment Act (CRA)
Answer: An act of Congress enacted in 1977 with the
intention of encouraging depository institutions to help meet the credit
needs of surrounding
communities (particularly low- and moderate-income neighborhoods).
The CRA requires
federal regulators to assess the record of each bank or thrift in helping to
fulfill its obligations
to the community. This record will then be used in evaluating
applications for future approval
of bank mergers, charters, acquisitions, branch openings and deposit
facilities.
●● Civil Rights Act of 1866
Answer: 1866 The _________ Act of _______ guaranteed property
rights to all citizens, with a few exceptions, regardless of race. The Act
specifically provided
, that all citizens shall have the same rights as white citizens to inherit,
purchase, and sell real
and personal property.
●● Americans with Disabilities Act (ADA)
Answer: The ADA is a civil rights law that prohibits discrimination
against individuals with disabilities in all areas of public life, including
jobs, schools, transportation, and all public and private places that are
open to the general public. The purpose of the law is to make sure that
people with disabilities have the same rights and opportunities as
everyone else.
●● HUD
Answer: The 1988 Fair Housing Amendments Act essentially provides
that ________ has a higher degree of authority to enforce the Fair
Housing Act.
●● Families with children and persons with physical and mental
handicaps
Answer: The 1988 Fair Housing Amendments Act extended federal civil
rights protection to _________________________.
●● The Federal Trade Commission (FTC)
Answer: the nation's consumer protection agency, enforces the Equal
Credit Opportunity Act (ECOA), which prohibits credit discrimination
CORRECT ANSWERS COMPLETE REAL
ESTATE STUDY GUIDE
●● Plessy v. Ferguson
Answer: the court held that the enforcement of racial segregation of
private or public facilities did not violate the Constitution as long as
separate facilities were equal. This created the "separate but equal"
policy that legitimatized segregation in all aspects of society, including
rights in real property. This was not overturned until almost 60 years
later.
●● Fair Housing Act of 1968
Answer: Prohibits discrimination in the sale, rental and financing of
dwellings based on race, color, religion, sex or national origin.
●● Equal Credit Opportunity Act (ECOA)
Answer: enacted in 1974, prohibits discrimination based on race, color,
religion, national origin, sex, marital status, age, source of income or
whether a person exercises rights granted under the Consumer Credit
Protection Act for any credit transaction and through the life of the loan
●● FIRREA (Financial Institutions Reform, Recovery, and Enforcement
Act of 1989)
,Answer: A law enacted to ensure that real estate appraisals are
performed up to standard was __________________.
●● Affirmative action
Answer: A set of procedures designed to eliminate unlawful
discrimination between applicants, remedy the results of such prior
discrimination, and prevent such discrimination in the future. Applicants
may be seeking admission to an educational program or looking for
professional employment.
●● 13th Amendment (1865)
Answer: At the end of the Civil War, the ______ Amendment was
enacted to abolish slavery.
●● Brown v. Board of Education
Answer: Which case outlawed segregation in schools
●● The Consumer Credit Protection Act
Answer: ECOA prohibits discrimination under ____________.
●● Rehabilitation Act of 1973
Answer: The _______________ prohibited discrimination against
handicapped persons in all federally-assisted programs, including
housing.
,●● Civil Rights Case (1883)
Answer: The U.S. Supreme Court held that the equal protection clause
of the U.S. Constitution (i.e., the 14th Amendment) did not prohibit
private acts of discrimination; rather it merely prohibited discrimination
that was the product of government action.
●● Community Reinvestment Act (CRA)
Answer: An act of Congress enacted in 1977 with the
intention of encouraging depository institutions to help meet the credit
needs of surrounding
communities (particularly low- and moderate-income neighborhoods).
The CRA requires
federal regulators to assess the record of each bank or thrift in helping to
fulfill its obligations
to the community. This record will then be used in evaluating
applications for future approval
of bank mergers, charters, acquisitions, branch openings and deposit
facilities.
●● Civil Rights Act of 1866
Answer: 1866 The _________ Act of _______ guaranteed property
rights to all citizens, with a few exceptions, regardless of race. The Act
specifically provided
, that all citizens shall have the same rights as white citizens to inherit,
purchase, and sell real
and personal property.
●● Americans with Disabilities Act (ADA)
Answer: The ADA is a civil rights law that prohibits discrimination
against individuals with disabilities in all areas of public life, including
jobs, schools, transportation, and all public and private places that are
open to the general public. The purpose of the law is to make sure that
people with disabilities have the same rights and opportunities as
everyone else.
●● HUD
Answer: The 1988 Fair Housing Amendments Act essentially provides
that ________ has a higher degree of authority to enforce the Fair
Housing Act.
●● Families with children and persons with physical and mental
handicaps
Answer: The 1988 Fair Housing Amendments Act extended federal civil
rights protection to _________________________.
●● The Federal Trade Commission (FTC)
Answer: the nation's consumer protection agency, enforces the Equal
Credit Opportunity Act (ECOA), which prohibits credit discrimination
