National Practice of Real Estate Licensing Exam | Questions & Answers (Graded A)

National Practice of Real Estate Licensing Exam | Questions & Answers (Graded A) National Practice of Real Estate Licensing Exam | Questions & Answers (Graded A) Civil Rights act of 1866 - ANSWER - prohibit racial discrimination in all conveying of real and personal property in regards to convicted drug dealers... - ANSWER - they are NOT covered under any condition under the federal fair housing act of 1968 and the amendment in 1988, authorized administrative law judges may now... - ANSWER - admin law judges within HUD may now hold contested case hearings Practice of Real Estate Remedies under the new amendment include: - ANSWER - 1) a civil penalty, not exceeding $16,000 for the first offense 2) a penalty not exceeding $37,500, if another offense was committed within the past 5 years 3) a penalty not exceeding $65,000 if two or more discriminatory practices have been found in the past 7 years The ADA provides for enforcement by allowing several remedies for a person who is discriminated against, including - ANSWER - 1) a temporary or permanent injunction 2) the court may grant any equitable relief that the court considers appropriate 3) a civil penalty of up to $50K for a first violation and penalty of up to $100K for any subsequent violation Practice of Real Estate Truth-in-Lending Act (TILA) Disclosure/Coverage Requirements - ANSWER - -cost in credit transactions -customer has 3 day right to rescind -loans to under a fee simple absolute, if the owner dies what happens to the property? - ANSWER - the owner's heirs will gain ownership tenancy in common - ANSWER - -ownership by two or more WITHOUT rights of survivorship