NRES Nevada Real Estate Salesperson Exam - Set 4 - Part 3
Test your knowledge of technical writing concepts with these practice questions. Each question includes detailed explanations to help you understand the correct answers.
Question 41: A real estate professional guides buyers of a particular protected class toward certain neighborhoods and away from others, quietly limiting the areas they are shown based on that protected characteristic. What illegal practice is this professional engaging in?
Question 42: A lender refuses to make any mortgage loans on properties located within a certain marked-off area of a city, basing the refusal on the neighborhood itself rather than on any individual applicant's own creditworthiness. What illegal practice is this lender engaging in?
Question 43: A person who believes they suffered illegal housing discrimination wants to file a complaint with the federal agency that administers the Fair Housing Act. Within what period after the alleged act must the complaint be filed with that federal agency?
Question 44: The Fair Housing Act exempts the private sale of a single-family home from most of its coverage, but only when certain conditions are met by the owner. Which of the following is one required condition for that exemption to apply?
Question 45: A community lawfully limits occupancy to older residents, with at least eighty percent of its units occupied by at least one person aged fifty-five or older, and does not admit families with young children. Which law lets such senior housing avoid the protections for families with children?
Question 46: A separate federal law, though not itself a housing statute, requires that employers make reasonable job accommodations for workers with disabilities and that businesses open to the public be made accessible to them. Which federal law imposes these particular requirements?
Question 47: A seller signs a listing under which the listing broker earns a commission if the property sells during the listing period no matter who finds the buyer, even if the seller finds the buyer. Which listing gives the broker this strongest commission protection?
Question 48: Two brokers claim a commission on the same sale, and the dispute turns on which broker set in motion the uninterrupted chain of events that actually led the ready buyer to purchase. What concept resolves which broker earns the commission?
Question 49: Several competing brokerages in a town meet privately and agree together to charge all of their sellers the same fixed commission rate. Considering federal antitrust law, which of the following BEST describes the legality of that agreement among the competitors?
Question 50: Under a typical listing, a broker generally earns the commission by producing a buyer who is prepared to buy on the seller's stated terms and has the financial ability to complete the purchase. What is such a buyer commonly called?
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