TREC National Exam

A lead paint disclosure is required for all properties built before what year? - Answer- 1978 For how many years must a seller keep a copy of the lead paint disclosure he provided to the buyer? - Answer- 3 years Civil Rights Act Of 1866 - Answer- prohibits discrimination based on race or color. There are no exceptions or exemptions for this law. Title VIII of the Civil Rights Act of 1968 - Answer- forbids discrimination on the basis of race, color, national origin, and religion. A 1974 amendment added sex as a protected category. Sexual orientation is not a protected category. This act was amended in 1988 to include family composition and the handicapped. two ways that a community can qualify as senior housing - Answer- 1. 100% of the units must be occupied by someone 62 or older. 2. 80% of the units must be occupied by someone 55 or older Exceptions to Title VIII of the Civil Rights Act of 1968 - Answer- 1) FSBO of a single-family home when the owner owns no more than three homes at a time, and no discriminatory advertising is used. 2) Rental of an owner-occupied 1-4 family home when the services of a broker are not used and no discriminatory advertising is used. 3) Churches owning rental property may restrict occupancy to members of the congregation, as long as membership in the congregation is open to all. 4)Private clubs owning lodgings may restrict occupancy to members as long as the lodgings are not operated commercially. What is the penalty for violating Title VIII of the Civil Rights Act of 1968? - Answer- There are no criminal penalties. The penalty for a first violation is up to $75,000. The penalty for each additional violation is up to $150,000.