Oklahoma - Basic II Post License Course - Study Tests - Barnes Real Estate.

Oklahoma - Basic II Post License Course -
Study Tests - Barnes Real Estate
Question 1
Housing discrimination based on marital status extends protection to
Correct Answer
people in conjugal relationships outside marriage



Question 2
What Guidance Policy established compliance standards that recipients of federal
financial assistance must follow to make sure their programs and activities that are
normally provided in English are accessible to LEP individuals?
Correct Answer
The Enforcement of Title VI of the Civil Rights Act of 1964-National Origin
Discrimination Against Persons with Limited English Proficiency



Question 3
What type of discrimination excludes certain people from living in the housing they
choose and qualify for?
Correct Answer
Exclusionary discrimination



Question 4
What report lists any outstanding delinquent rents?
Correct Answer
Delinquent accounts




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,Question 5
What type of housing offers shares of stock ownerships?
Correct Answer
Cooperative



Question 6
Before entering into a formal agreement, a property manager would submit a
Correct Answer
management proposal.



Question 7
What Act makes it unlawful for any creditor to discriminate against any applicant, with
respect to any aspect of a credit transaction, on the basis of race, color, religion,
national origin, sex, marital status, or age; to the fact that all or part of the applicant's
income derives from a public assistance program; or to the fact that the applicant has
in good faith exercised any right under the Consumer Credit Protection Act?
Correct Answer
Equal Credit Opportunity Act



Question 8
In real estate, HMDA stands for what?
Correct Answer
Home Mortgage Disclosure Act



Question 9
As part of Article 12, REALTOR® firm websites must
Correct Answer
must disclose the firm's name and state of licensure




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,Question 10
What is a ground lease?
Correct Answer
A lease that deals with the land portion of a real property



Question 11
What did HUD create to assist designers, builders, and developers in understanding
and conforming to fair housing design requirements?
Correct Answer
The Fair Housing Design Manual



Question 12
The study of risk management deals with the practice of
Correct Answer
identifying potential risks in advance and taking precautionary steps to reduce the
liability



Question 13
What section of the Landlord and Tenants "You Need to Know" Information Guide
talks about the tenant's responsibility to provide insurance for personal property?
Correct Answer
Hazard Insurance discusses the owner's responsibility to provide insurance



Question 14
On which form does a buyer acknowledge receipt of a lead-based paint/hazards
disclosure?
Correct Answer
Acknowledgment and Confirmation of Disclosures




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, Question 15
HUD created the Fair Housing Design Manual to assist designers, builders, and
developers in understanding and conforming to fair housing design requirements.
The Fair Housing Act requires that new construction of covered multifamily dwellings
comply with the design requirements. It applies to housing that was designed or
constructed for first occupancy after March 13, 1991
Correct Answer
Fair Housing Design Manual



Question 16
What type of lease is based on the performance of price index?
Correct Answer
Index lease



Question 17
An Exclusive Right to Sell Agreement allows the broker to accept the delivery of
contracts and documents on whose behalf?
Correct Answer
The seller



Question 18
Once cause for suspension or revocation of a real estate license is
Correct Answer
Placing a blind ad (no disclosure of professional status) for the sale of real estate.



Question 19
HUD's mission is to increase homeownership, support community development, and
increase access to

Correct Answer
affordable housing free from discrimination




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