Copyright

Marketing Regulations in Real Estate Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Page 1

Question 1 1. Mary works for a bank that refuses to lend to anyone that lives in a certain neighborhood near the center of town. What type of unethical practice is the bank engaging in?

Question 2 2. Which of the following conditions could reasonably result in a seller being held liable? In none of these situations has the buyer been given any disclosure information.

Question 3 3. Anyone who acts as an agent on behalf of another person to perform their services must abide by:

Question 4 4. What is the main health concern from radon gas?

Question 5 5. Many consumer rights are protected under the:

Page 2

Question 6 6. A developer is building hip loft style condos in a trendy part of downtown. Housing development management advertises the property as a 'kid free' environment for young professionals who want an exciting urban living environment. What type of discrimination has been committed?

Question 7 7. The leaders of a Christian church have a series of cabins built to lease to members of their congregation for the purpose of religious retreats. A Jewish couple wants to lease a cabin but is denied. What type of illegal discrimination has transpired in violation of the Fair Housing Act and its amendments?

Question 8 8. Which of the following real estate disclosures is not required by state or local laws?

Question 9 9. What act would prohibit the owner of a single family home from only selling the home to someone based on race, gender, and nationality?

Question 10 10. By law, a mortgage lender is considered _______?

Page 3

Question 11 11. If a consumer is registered on the Do Not Call Registry, a real estate professional can make an exception if:

Question 12 12. Which of the following is a risk of having a property that is home to a protected species?

Question 13 13. When do most states typically require the seller to give the buyer any disclosures in a real estate transaction?

Question 14 14. Perry is a property manager. When he has an Hispanic rental applicant apply, he directs the applicant to his 'Hispanic apartments'. When he has a Caucasian applicant apply, he offers them an apartment in his 'Caucasian' apartments. What is Perry doing wrong?

Question 15 15. Can a real estate ad include how many persons can live in a house?

Page 4

Question 16 16. Which of the following do NOT have to comply with federal fair housing laws?

Question 17 17. Under CAN-SPAM, unsubscribe requests must be honored within a certain time period. What is that time period?

Question 18 18. Which type of discrimination was NOT prohibited under the Civil Rights Act of 1968 (Fair Housing Act)?

Question 19 19. The Federal Housing Act instituted the Equal Housing Opportunity logo for the purpose of:

Question 20 20. Real estate agents are required to look after the best interest of their clients. What should the agent do if he/she believes the sales price of a property should be advertised lower than is stated in the listing contract ?

Page 5

Question 21 21. Who enforces the CAN-SPAM Act?

Question 22 22. The GBLA requires financial institutions to provide consumers with:

Question 23 23. Kerry works for a bank. He just denied a loan to a couple seeking to buy real estate in the inner city where the default rates are always high. The loan was denied because the husband had just lost his job and the family has recently took some dings on their credit report, which also indicates a high amount of credit card debt. What unethical practice is Kerry engaging in?

Question 24 24. Homes built before which year require mandatory lead paint disclosure law compliance?

Question 25 25. Which of the following is NOT a commercial email message governed by CAN-SPAM?

Page 6

Question 26 26. Bart's Boots sends an email to a list of addresses of people who recently attended a western wear show. The email subject line reads 'Emergency! Open immediately!' Once opened, the email contains several pictures of boots along with their sale prices. Why is Bart's email a CAN-SPAM violation?

Question 27 27. Ronald is a real estate investor. He goes around neighborhoods convincing people to sell cheap claiming that property values in the neighborhood are plummeting because people of a particular race, religion or national origin are moving in. What is Ronald doing?

Question 28 28. Which of the following is the appropriate term for a piece of knowledge that would affect a buyer's decision to buy the property?

Question 29 29. Under what general circumstances may a housing development discriminate against young families with children?

Question 30 30. A seller might be held liable for which of the following situations months or years after the completion of a real estate transaction?

Marketing Regulations in Real Estate Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

North Carolina Real Estate Broker License: Study Guide  /  Business Courses
Support