The Ritchie family has put their home on the market. The Sampsons make an offer on the Ritchies'
home. Suddenly, the Ritchies decide not to sell their home. They explain to Sara, their agent, that the
Sampsons "aren't quite right" for the neighborhood. What should Sara do? - AnswersSara must explain
to the Richies that she cannot ethically remove a property from the market, after an offer has been
made, to sidestep a purchase by a party.
Sara must withdraw herself from the relationship with the Ritchies or from any situation where client
discrimination occurs.
John is studying for his California real estate license. He is studying federal law, state law, and local law.
Now, he is trying to get a handle on something called "Professional Code." What source has no input on
the topic John is currently studying? - AnswersThe Better Business Bureau®
Martha and Liz have applied for a mortgage. They both have excellent credit and very successful careers
and they are perfect on paper. Martha and Liz are partners and are expecting the birth of their first child
together. They are denied a loan. What's the violation here? - AnswersMartha and Liz have been denied
the full protection of the Equal Credit Opportunity Act (ECOA). The ECOA is a part of the Fair Financing
Laws.
Jennifer is a single mother looking for a place to live. She sees an ad on Facebook by a private owner
which states "No young children because of pool". Would this be a Fair Housing Violation? - AnswersYes.
Private owners cannot advertise against a protected class.
While waiting in the lobby of the Fair Real Estate Company's office, Samir and Rhadika overhear an
agent tell clients, "You wouldn't be happy in THAT neighborhood. It's very "colorful," if you know what I
mean." Which ruling by the Supreme Court dealt with this issue? - AnswersAll discrimination and
appearances of discrimination in selling or renting residential property based on race and color is
prohibited under the provisions of the Civil Rights Act of 1866, Jones v. Mayer.
Jane feels she has been discriminated against in her search for a new home. She's a single mother of two
who works full time. Where does she go with a complaint? - AnswersThe Office of Fair Housing and
Equal Opportunity (OFHEO)
John is still studying for his California real estate license. Once again, he is having a difficult time keeping
areas straight. Help John with the largest area of the NAR Code of Ethics Standards and Practices. -
AnswersArticle 16 - Ethics and Agency Relationships
John is trying to keep things straight while he studies. He's having a rough time distinguishing federal
and state legislation. Help John with the primary focus of federal legislation. - AnswersAnti-
discrimination laws and fair trade practices
,Jane has filed her complaint of discrimination. She also wants to seek some sort of punitive damages.
What are her options, if any? - AnswersJane may file suit within two years of the violation. She may seek
a restraining order, actual damages, and punitive damages of up to $1,000.
Agent Smith tells the Jacob family the Fernwood neighborhood is beautiful, attractive, and highly
desirable. The next day, Agent Smith tells the Miller family that Fernwood is deteriorating, values are
falling, and the school district is less than stellar. Name the form of illegal discrimination. -
AnswersSteering
Jonathan decides to sell his home and transfer all of his property ownership rights to the new buyer.
This bundling and selling of rights is known as: - AnswersLivery of Seisin
John lives in an apartment and each month pays his rental payments. He is also considered a
stockholder in his building and owns property. In what type of apartment does John live? -
AnswersCooperative
To take private property through eminent domain, three steps must be taken by the state or local
government. What are they? - AnswersThe property owner must be paid compensation for the
property. The property must be for public good or use. The owner must have due process in the court
system.
The Percy family have purchased a heavily wooded property in Northern California. They are planning to
build a guest house off the main house for entertaining. In the process, many trees will need to be
cleared. The family is planning to sell the wood to the neighbors as firewood. Which process applies? -
AnswersSeverance
Melinda's mother recently passed away. She is thinking of selling her belongings in an estate sale. During
her research, she came across real and personal property regulations and laws. Please help Melinda
understand the legal difference(s) between real and personal property. - AnswersTax laws often
distinguish between real and personal property.
An agreement for a sale of real property must be in writing and signed by the party to be charged. If the
amount or value is $500 or more, an agreement for the sale of personal property must be in writing.
Which of the following is not considered one of the five economic characteristics of land? - AnswersEach
parcel of land has its own nonhomogeneous characteristics. No two properties are the same.
A violent storm comes in from the ocean, hitting the beachfront properties with destructive force. When
the Meyers return to their home, they find the beach has disappeared from their property. Which term
describes the damage? - AnswersAvulsion
Jeremy opened a coffeehouse in a space leased from Maria and Renaldo. A week before his lease
expired, Jeremy moved to a new location without his commercial microwave which was attached to the
counter. Eighteen days following notice of Jeremy's right to reclaim the microwave, Maria and Renaldo
sold the microwave at auction. Jeremy is furious and threatening legal action. Does he have a suit? -
, AnswersNo, Jeremy does not have a case. Since the microwave was not reclaimed during the period
allowed by law.
Gary and Paul have wooden shutters installed throughout their home. A few years later, Paul is
promoted by his employer and transferred to another city. Gary wants to take the wooden shutters to
their new home. Paul insists they must remain with the home. Which of the five tests for real and
personal property applies? - AnswersMethod of Attachment
Adaptability
Intent
Which of the following is not a water right? - AnswersAlluvial Right
Suzette is leasing a condo from the Garcias. She has been renting the condo for over three years. She
renews the lease each year and, because of her loyalty and exemplarily rental history, the Garcia's allow
her to make any décor changes she wishes. Which of the following statements is true about the
relationship between the Garcias and Suzette? - AnswersThe Garcias own the condo in freehold but rent
it to Suzette in leasehold.
Patrice and Michael are in the process of refinancing their townhouse. The mortgage company calls and
gives the couple the news they have a lien on their home for non-payment of the previous year's
property taxes. What type of lien is on their property? What do they need to do to remedy their
situation? - AnswersPatrice and Michael have an involuntary lien placed on their home for delinquent
property taxes. The couple needs to pay the taxes, any interest and/or late fees, and have the lien
removed.
Which of the following is not considered one of the six distinct forms of ownership in California? -
AnswersVoluntary Tenancy
Christine and Scott have been married for fifteen years. They have three children, a home, and a
vacation home. The couple purchased their home together after their marriage, but Scott owned the
vacation property prior to the union. Christine and Scott are now getting divorced. Christine wants half
of their residence and half of the ownership of the vacation property. At times they have rented the
vacation home and the proceeds have gone to their joint bank account. Does Christine have any legal
right to the ownership of the vacation home? - AnswersNo, Scott came to the marriage with the
vacation property, therefore it may remain a separate property. However, due to the commingling of
the rental proceeds from the property in the joint account, she does have a right to half the proceeds.
Ted and Jack are selling their home to Duncan and Gary. Upon the title search, the title company
discovers Ted and Jack's home is free of any liens or problems and can be easily sold. Ted and Jack's
property holds which type of title? - AnswersMarketable Title
HEH, Inc. owns a large parcel of land which will be used for commercial development. Upon the sale of
the property to HEH, Inc., the grantor in a written agreement established the lake may never be touched