MN - CE Shop Course 2
Real estate broker Correct answers A person who's licensed as a broker and
brokerage activities and collects
performs
compensation
Real estate salesperson Correct answers A person who performs real estate
activities
while associated with a licensed real estate
broker
Licensee Correct answers A person holding a valid real
estate license
Appraiser Correct answers A person who's certified to estimate the
value of real
property according to standardized principles of
valuation
Home inspector Correct answers A person who's affiliated with a
national
trade nonprofit has passed the appropriate exam, and evaluates
association,
properties for their
conditio
n
Lender Correct answers A person who arranges financing for a real
property buyer
Developer Correct answers A person who constructs improvements on
raw land
Subdivider Correct answers A person who splits a single property into smaller
parcels in for
preparation
development
Real estate investor Correct answers A person who puts money or property
into a real
estate project for
profit
Real estate attorney Correct answers A person who holds a law degree,
specializes
real estate, in
and may legally broker
deals
Real estate counselor Correct answers A person who provides
services to ahelp
determine real estate asset or project's
viability
Real estate consultant Correct answers A person who gives advice about real
estate
a for have broad knowledge of all major aspects of the real
fee (must
estate industry)
When was race added as a protected class? Correct answers The Civil
Rights Act of
186
6
When was color added as a protected class? Correct answers The
Federal Fair
Housing Act of
1968
, When was sex added as a protected class? Correct answers Housing and
Development Act of
Community
1974
When was disability added as a protected class? Correct answers Fair
Housing
Amendments of
1988
When was familial status added as a protected class? Correct answers Fair
Amendments of
Housing
1988
When was religion added as a protected class? Correct answers Fair
Housing
Amendments of
1968
When was national origin added as a protected class? Correct answers Fair
Amendments of
Housing
1968
What is blockbusting? Correct answers An illegal practice in which
licensees
encourageorhomeowners
others to sell because of an influx or expected influx of
the
minorities into
area
What is redlining? Correct answers The practice of a lender refusing to lend
in a specific
area, often based on the minority makeup of
the area
What is steering? Correct answers The illegal practice of nudging
buyers away
toward a specific
or area based on the presence or absence of protected class
members
in the area relative to the
buyer
What federal agency handles complaints of housing discrimination?
Correct
HUD. If illegal
answers discrimination has occurred, it can be reported up to one
yeartoafter
act the
the Department of Housing and Urban
Development.
What does a fair housing tester do? Correct answers Acts as a consumer for
housing
see whether
to they are treated differently because of their protected
class status.
What is disparate impact? Correct answers When an apparently neutral
practice
a protectedaffects
group more than other groups (this is illegal
discrimination)
What is disparate treatment? Correct answers Treating people different
based on class
protected
status
Which protected class is NEVER exempt from any human rights laws?
Correct answers
Rac
e
Which protected classes, in addition to the seven federally protected
Minnesota
classes, does add in its Human Rights Act? Correct answers Creed, marital
status, sexual
orientation (including gender identity), activity with the Human Rights
public assistance
Commission,
recipient.
Real estate broker Correct answers A person who's licensed as a broker and
brokerage activities and collects
performs
compensation
Real estate salesperson Correct answers A person who performs real estate
activities
while associated with a licensed real estate
broker
Licensee Correct answers A person holding a valid real
estate license
Appraiser Correct answers A person who's certified to estimate the
value of real
property according to standardized principles of
valuation
Home inspector Correct answers A person who's affiliated with a
national
trade nonprofit has passed the appropriate exam, and evaluates
association,
properties for their
conditio
n
Lender Correct answers A person who arranges financing for a real
property buyer
Developer Correct answers A person who constructs improvements on
raw land
Subdivider Correct answers A person who splits a single property into smaller
parcels in for
preparation
development
Real estate investor Correct answers A person who puts money or property
into a real
estate project for
profit
Real estate attorney Correct answers A person who holds a law degree,
specializes
real estate, in
and may legally broker
deals
Real estate counselor Correct answers A person who provides
services to ahelp
determine real estate asset or project's
viability
Real estate consultant Correct answers A person who gives advice about real
estate
a for have broad knowledge of all major aspects of the real
fee (must
estate industry)
When was race added as a protected class? Correct answers The Civil
Rights Act of
186
6
When was color added as a protected class? Correct answers The
Federal Fair
Housing Act of
1968
, When was sex added as a protected class? Correct answers Housing and
Development Act of
Community
1974
When was disability added as a protected class? Correct answers Fair
Housing
Amendments of
1988
When was familial status added as a protected class? Correct answers Fair
Amendments of
Housing
1988
When was religion added as a protected class? Correct answers Fair
Housing
Amendments of
1968
When was national origin added as a protected class? Correct answers Fair
Amendments of
Housing
1968
What is blockbusting? Correct answers An illegal practice in which
licensees
encourageorhomeowners
others to sell because of an influx or expected influx of
the
minorities into
area
What is redlining? Correct answers The practice of a lender refusing to lend
in a specific
area, often based on the minority makeup of
the area
What is steering? Correct answers The illegal practice of nudging
buyers away
toward a specific
or area based on the presence or absence of protected class
members
in the area relative to the
buyer
What federal agency handles complaints of housing discrimination?
Correct
HUD. If illegal
answers discrimination has occurred, it can be reported up to one
yeartoafter
act the
the Department of Housing and Urban
Development.
What does a fair housing tester do? Correct answers Acts as a consumer for
housing
see whether
to they are treated differently because of their protected
class status.
What is disparate impact? Correct answers When an apparently neutral
practice
a protectedaffects
group more than other groups (this is illegal
discrimination)
What is disparate treatment? Correct answers Treating people different
based on class
protected
status
Which protected class is NEVER exempt from any human rights laws?
Correct answers
Rac
e
Which protected classes, in addition to the seven federally protected
Minnesota
classes, does add in its Human Rights Act? Correct answers Creed, marital
status, sexual
orientation (including gender identity), activity with the Human Rights
public assistance
Commission,
recipient.
