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Flashcards in Business Peactices Deck (14)
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0
Q

Federal fair housing act of 1968

A

The federal fair housing act of 1968 prohibits discrimination in residential real estate based on race color religion sex or national origin

1
Q

Do not call Registry

A

The do not call registry is the legislation that requires permission to make telephone solicitations

2
Q

Price-fixing

A

Price-fixing is illegal

3
Q

Nonresident of Massachusetts must do which of the following to obtain Massachusetts real estate license

A

Nonresident do not have to move into the state Norbie sponsored by Massachusetts Broker but they must meet the same examination requirements

4
Q

Zoning laws

A

A real estate agent must have a thorough knowledge of local bylaws in order to assist all parties with confidence

5
Q

HIV status

A

In Massachusetts, it is illegal for agent to address questions on HIV status of any formal or current occupant of the residence

6
Q

When one Terminates association in order to become associated with another realty

A

You must notify the board of your new obligation,
Old association must notify the board.
New association must notify the board

7
Q

Civil Rights Act of 1866

A

Civil right act was passed in 1866 to give every citizen United States without regard to color ,the right to inherit purchase the sell hold and convey real and personal property

8
Q

Instructors

A

Instructors must be authorized by the board and hold a current brokers license

9
Q

Restrictive listing

A

In Massachusetts, a restrictive listing may be taken by a real estate agent. Example a listing in which a owner instruction agent not to sell to a woman would be classified as a restrictive listing

10
Q

UST

A

Stands for underground storage tanks, which are primarily used for storing heating oil for a house. Full disclosure is required by a listing agent

11
Q

Feng Shui

A

Massachusetts real estate agents have recognized that international customs and traditions of influencing international buyers. Feng Shuiis the Chinese art of placement of items in a house

12
Q

Inspection of lead paint

A

10 days of the offer of acceptance at the buyers expense

13
Q

93 A

A

Consumer protection act chapter 93A regulates disclosure on behalf of a real estate agent to either party and regulates the practice of fair trade.