Chapter 14 Quiz Sample Solutions

Chapter 14 Quiz Sample Solutions - 1 Answer Key 1. 2. 3. 4....

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Answer Key 1. B 2. D 3. D 4. D 5. C 6. C 7. B 8. A 9. B 10. C 11. B 12. D 13. A 14. C 15. C 2
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Answer Key with Explanations Question #1 Answer: B Explanation: A racially restrictive covenant is automatically considered unenforceable, so no action is necessary to remove such a covenant from a deed. However, in order to totally remove the covenant and begin with a new deed, a legal action would have to be pursued in court. Question #2 Answer: D Explanation: The seller has violated the Fair Housing Act. She also owes her broker the commission, since he did locate a suitable buyer. Question #3 Answer: D Explanation: The Fair Employment and Housing Act is also known as the Rumford Act. It prohibits discrimination in the sale, rental, lease, or financing of housing. Question #4 Answer: D Explanation: Requiring minorities to pay higher prices than others is unlawful discrimination under the Fair Housing Act. The broker may be liable for money damages.
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This note was uploaded on 01/26/2012 for the course FIN 365 taught by Professor Staff during the Spring '11 term at S.F. State.

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Chapter 14 Quiz Sample Solutions - 1 Answer Key 1. 2. 3. 4....

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