Studying for your real estate license exam? Check out our resources on all the definitions you need to know while studying for your real estate exam.
A kickback in real estate is when an agent receives benefits or items of value from a settlement service for referring clients to them. This practice is highly illegal in real estate, so it’s essential for students to learn this …
The Real Estate Settlement Procedures Act (RESPA) protects homebuyers by requiring lenders to disclose the terms of the real estate settlement process. A real estate agent who violates this act can face severe penalties. This makes RESPA a crucial part …
The Equal Credit Opportunity Act protects borrowers applying for home loans from discriminatory lending practices. This federal civil rights law is a crucial part of the real estate exam. It plays a significant role in promoting fair housing and fighting …
The Housing and Community Development Act of 1974 added sex as a protected class to the Fair Housing Act and funded community development for low-income families. Because this act expanded on fair housing laws, it’s a crucial aspect of the …
The Jones v. Mayer case of 1968 determined that Congress could regulate the sale of private property to prohibit racial discrimination. This ruling shaped future fair housing laws, so it’s essential for real estate professionals to know. You’ll need to …
Affinity housing allows minority groups with shared identities to live in one community exempting themselves from certain aspects of the Fair Housing Act. To understand affinity communities, you’ll need to learn from real estate professionals. Luckily, we’re here to give …
