Washington State Broker TOP Exam Guide Questions and CORRECT Answers

caveat emptor - buyer beware cooperative - A residential multiunit building whose title is held by a trust or corporation that is owned and operated for the benefit of people living within the building who are the beneficial owners of the trust or shareholders of the corporation, each possessing a proprietary lease to a property unit for the life of the corporation; riskier as shareholders have to rely on financial ability of other shareholders to make payments. fair housing - Federal Law prohibits discrimination in the provision of housing and housing-related services (including lending) based on an individuals race, color, national origin, religion, sex, familial status or disability mixed-use developments (MUD) - high rise developments