Indiana Real Estate Broker Course
Exam Prep: Real Estate Practice, Real
Estate Brokerage, and Fair Housing
Flashcard Set
Affiliate dealer - ANS-A man or woman licensed as a broking who works beneath the license of
a coping with dealer
Anti-consider regulation - ANS-Law to curb business activities that create unreasonable restraint
of trade
Broker organisation - ANS-A enterprise entity this is licensed to interact in real property
transactions
CAN-SPAM - ANS-Controlling the Assault of Non-Solicited Pornography and Marketing Act of
2003; regulates junk e mail, calls for e-mail advertising messages to include an unsubscribe
alternative, prohibits deceptive subject traces; postal mailings have to consist of a legitimate
physical postal address (submit workplace containers are fine)
Clayton Act - ANS-Prohibits mergers that create monopolies or lessen competition
E&O coverage - ANS-Errors and omissions coverage; protects licensees in the event of an
inadvertent omission or errors in actual property practice that causes a client monetary harm
Employee - ANS-A employee whose employer controls the information of the worker's overall
performance
Fair Credit Reporting Act - ANS-1970; amended in Nineties and 2003; set the inspiration for
privacy safety by setting up provisions to sell the accuracy, fairness, and privacy of records in
files of client reporting businesses
Four styles of anti-trust violation - ANS-Price fixing, group boycotts, market allocation, and tie-in
preparations
Fraud - ANS-An intentional, deceptive act, which may also contain an affirmative announcement
or deliberately withholding records
FTC Act - ANS-Created an employer to analyze and prevent unfair competitive practices
Exam Prep: Real Estate Practice, Real
Estate Brokerage, and Fair Housing
Flashcard Set
Affiliate dealer - ANS-A man or woman licensed as a broking who works beneath the license of
a coping with dealer
Anti-consider regulation - ANS-Law to curb business activities that create unreasonable restraint
of trade
Broker organisation - ANS-A enterprise entity this is licensed to interact in real property
transactions
CAN-SPAM - ANS-Controlling the Assault of Non-Solicited Pornography and Marketing Act of
2003; regulates junk e mail, calls for e-mail advertising messages to include an unsubscribe
alternative, prohibits deceptive subject traces; postal mailings have to consist of a legitimate
physical postal address (submit workplace containers are fine)
Clayton Act - ANS-Prohibits mergers that create monopolies or lessen competition
E&O coverage - ANS-Errors and omissions coverage; protects licensees in the event of an
inadvertent omission or errors in actual property practice that causes a client monetary harm
Employee - ANS-A employee whose employer controls the information of the worker's overall
performance
Fair Credit Reporting Act - ANS-1970; amended in Nineties and 2003; set the inspiration for
privacy safety by setting up provisions to sell the accuracy, fairness, and privacy of records in
files of client reporting businesses
Four styles of anti-trust violation - ANS-Price fixing, group boycotts, market allocation, and tie-in
preparations
Fraud - ANS-An intentional, deceptive act, which may also contain an affirmative announcement
or deliberately withholding records
FTC Act - ANS-Created an employer to analyze and prevent unfair competitive practices
