About This Chapter
Fair Housing & Consumer Protection - Chapter Summary
Suppose you found the perfect home in a beautiful neighborhood with great schools, pretty parks, and only five minutes from work. You grab the phone, call your agent, and make an appointment to see it. But, when your agent answers, she suggests that maybe you look in one of these other neighborhoods instead, because people 'like you' don't really live in that neighborhood. You would be outraged - and rightly so. It would also be illegal.
This is just one example of the legislation that exists to protect the public's rights regarding real estate practices and transactions. The lessons in this chapter will introduce a variety of acts and laws that affect both transactions and the actions of professionals in the real estate industry. They'll highlight legislation including:
- Fair Housing Act and the role of HUD in its enforcement
- Civil rights, disabilities, and age discrimination
- Rehabilitation Act and the Housing & Community Development Act
- Understanding redlining, blockbusting, and steering
- Federal antitrust laws and the real estate industry
- Privacy, do not call, and advertising limitations
Our expert instructors present these legal topics in brief, engaging lessons to make them easy to understand. You'll get plenty of examples and real world applications to help you remember and use what you are learning. Work at your own pace and view the lessons as many times as you like. If anything seems confusing or unclear, just ask one of our subject matter experts. Be sure to take the short self-assessment quizzes as you complete the lessons. They are a great way to confirm what you are learning!
1. How HUD Regulates Real Estate
Federal law prohibits housing discrimination and supports affordable housing. In this lesson, you'll learn the role the U.S. Department of Housing and Urban Development plays in preventing discrimination and ensuring affordable housing.
2. The Impact of the Fair Housing Act of 1968 on Real Estate
Federal fair housing laws prohibit certain types of discrimination in the sale or rental of housing. In this lesson, you'll learn about the Fair Housing Act of 1968 and its amendments and exemptions.
3. How the Civil Rights Acts of 1866 & 1964 Impacted Real Estate
Participants in real estate sales and leasing transactions need to be aware of the impact of federal law on these deals. In this lesson, you'll learn about how the Civil Rights Acts of 1866 and 1964 may affect these transactions.
4. The Americans with Disabilities Act of 1990 & Real Estate
The Americans with Disabilities Act of 1990 is broad in scope and touches many types of real estate. In this lesson, you'll learn how the Americans with Disability Act applies to various types of commercial properties.
5. Age Discrimination Act of 1975's Relationship to Real Estate
Various federal and state laws prohibit specific types of discrimination in housing. In this lesson, we'll take a quick look at the Age Discrimination Act of 1975 and how it prohibits age discrimination in housing under certain circumstances.
6. Overview of the Rehabilitation Act & Housing & Community Development Act
Federal law prohibits many forms of discrimination in federally funded housing projects. In this lesson, you'll learn about the Rehabilitation Act, the Housing and Community Development Act, and how each prohibits housing discrimination.
7. Redlining, Blockbusting & Steering: Definition & Differences
Real estate buyers, sellers, renters and professionals must be cognizant of certain unethical and illegal practices involving real estate transactions. In this lesson, you'll learn about redlining, blockbusting, and steering. A short quiz follows.
8. Restraint of Trade: Definition & Example
While all may be fair in love and war, that's not the case in business. In this lesson, you'll learn about how the law prohibits certain activity that is deemed anti-competitive. We'll use real estate practice as an example to illustrate the concept.
9. Privacy Rights & Do Not Call Regulations in Real Estate Sales
Hefty penalties can be levied if a real estate buyer or seller's consumer rights are violated. This lesson will review and explain a consumer's rights in real estate transactions. Readers will learn about what should and should not be disclosed in a real estate transaction.
10. How Advertising Restrictions Apply to Real Estate
When an advertisement showcases a home for sale, words that may help secure a sale may be restricted under the law. Learn what can and cannot be included in real estate ads.
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Other chapters within the Real Estate Exam Prep course
- Forms of Property Ownership
- Encumbrances in Real Estate
- Land Use & Regulations
- Land Descriptions & Surveys
- Transfer of Real Property
- Contracts In Real Estate Transactions
- Role of Agencies in Real Estate
- Property Valuation & Appraisal
- Real Estate Investment & Analysis
- Disclosures of Property Conditions
- Real Estate Financing
- Real Estate Closing & Settlement Procedures
- Leases & Property Management
- Principles of Practicing Real Estate
- Real Estate Ethics & Professional Responsibility
- Real Estate Exam Prep Flashcards