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Real Estate 20 multiple choice, business and finance homework help
A couple with an eight-year-old boy would like to move into the Uppin Arms apartments. They ask the property manager if he ...
Real Estate 20 multiple choice, business and finance homework help
A couple with an eight-year-old boy would like to move into the Uppin Arms apartments. They ask the property manager if he knows whether any sex offenders live in the area. The manager assumes that some do, but has no actual information about it. He should:a.refer the couple to the local law enforcement agency or website that has this informationb.assure them that he would never rent to a registered sex offender, under any circumstancesc.reply, "Not to the best of my knowledge"d.refuse to answer on the grounds that sex offenders are a protected class1 points QUESTION 2A property management firm manages a large office park. The firm employs a full-time maintenance crew of ten people in the park. Building 14 is undergoing substantial exterior renovation. One of the men on the crew complains about unwanted romantic invitations and lewd comments by an employee of the tenant in Building 14. The property manager tells his worker "to get over it." The worker then threatens action under Title VII of the Civil Rights Act of 1964. Which of the following statements is true?a.Title VII protects women from sexual harassment, but not menb.The manager has no responsibility for the actions of the tenant under Title VIIc.Title VII prohibits discrimination based on sex (gender), but sexual harassment is not considered discrimination based on sexd.None of the above1 points QUESTION 3A property manager handles the properties listed below. For which of these properties does he have to make disclosures under the lead-based paint disclosure law?a.A single-family residence built in 1977b.A duplex built in 1979c.An apartment building that has only studio units, built in 1949d.A loft apartment in a building converted and completely renovated in 19991 points QUESTION 4All of the following are exempt from the ADA, except:a.a private men's clubb.the meeting place of a church youth groupc.a dentist's office in a small commercial buildingd.a residential triplex1 points QUESTION 5Doreen has been an administrative assistant at a large property management firm for many years. She and her husband just learned that he is terminally ill; he's expected to die in six months or less. Doreen would like to take a leave of absence from her job in order to spend more time with her husband and take care of him until his death, but her employer's policies don't provide for any leave in this type of situation. The unemployment rate is high and Doreen is middle-aged, so she's afraid to simply quit her job. Which of the following is true?a.Whether Doreen has a right to take a leave of absence depends on state lawb.Under federal law, Doreen's employer must allow her to take up to 12 weeks of unpaid leave to care for a family memberc.Under federal law, Doreen's employer must allow her to take up to 12 weeks of paid leave to care for a family memberd.Under federal law, Doreen's employer must allow her to take up to six months of unpaid leave to care for a family member, but there's no guarantee that her job will be waiting for her when the leave ends1 points QUESTION 6Executives from two competing firms that manage commercial property in several Midwestern cities meet at a seminar and end up discussing their management fee rates. This could give rise to charges of:a.market allocationb.market efficiencyc.price fixingd.None of the above; this is not an antitrust violation1 points QUESTION 7Judd runs a property management firm. He assigns smaller office properties to one manager and larger properties to another. This is:a.illegal match fixingb.illegal market allocationc.an illegal tie-in arrangementd.a reasonable business practice allowed by the Sherman Act1 points QUESTION 8Karen wants to rent space for her small business. One summer afternoon she looks at a space that has two offices with a reception area. The leasing agent showing Karen the premises forgets to mention that the heater in one of the offices doesn't work. The agent has failed to disclose a:a.nonmaterial factb.latent defectc.material factd.Both b) and c)1 points QUESTION 9Raoul manages a large Victorian-era house that is split up into several apartments. The bottom floor is rented to an older, long-term tenant who pays a high rent. A vacancy opens up on the second floor above this tenant, and a woman with a young boy applies for the space. The last time Raoul rented this space to someone with a child, his long-term tenant threatened to move out. Raoul may reject the woman's application:a.under no circumstancesb.as long as there is sufficient alternative housing nearbyc.if she doesn't meet the financial standards that Raoul applies to all applicantsd.if none of the current residents have young children1 points QUESTION 10The ADA would prohibit:a.deciding not to hire a property manager because she is missing a thumbb.lack of a restroom that can accommodate a wheelchair, in the offices of a property management firmc.refusing to rent an apartment to a blind tenant because of his service dogd.Both a) and b)1 points QUESTION 11The Americans with Disabilities Act doesn't apply to a business unless it has at least:a.5 employeesb.15 employeesc.25 employeesd.50 employees1 points QUESTION 12The Fair Credit Reporting Act applies:a.only to residential lease transactionsb.only to commercial lease transactionsc.to both residential and commercial lease transactionsd.only to sales transactions involving mortgage financing, not to leases1 points QUESTION 13The Fair Labor Standards Act regulates:a.the amount of leave a worker can take for family reasonsb.accommodation of the disabled in employmentc.overtime hours and minimum waged.safety in the workplace1 points QUESTION 14The basement of an office building built in the 1960s contains a large heating oil tank. Beginning in 1990, the tank started leaking into fine cracks in the floor and from there into the ground. In 1997, ownership of the building changed hands. Which of the following parties might be held liable under CERCLA for a cleanup of the tank, the cement floor, and the contaminated soil?a.The owner of the property at the time when the leak beganb.The current property ownerc.Future owners of the propertyd.All of the above1 points QUESTION 15The law that prohibits discrimination based on race or color in all real estate transactions is:a.the federal Fair Housing Actb.the 14th Amendmentc.the Civil Rights Act of 1866d.the Sherman Act1 points QUESTION 16What are laws passed by a state legislature called?a.Case lawb.Ordinancesc.Statutesd.Administrative regulations1 points QUESTION 17When screening an applicant for an apartment vacancy, does the manager have to check the applicant's name against the SDN list?a.Yesb.Yes, if the applicant authorized a background checkc.No, the Patriot Act doesn't apply to residential propertiesd.No, checking rental applicants' names is recommended, but not required1 points QUESTION 18Which agency enforces the Fair Housing Act?a.HUDb.EEOCc.EPAd.FHA1 points QUESTION 19Which of the following is a protected class under the federal Fair Housing Act?a.Sexual orientationb.Agec.Marital statusd.Sex1 points QUESTION 20Which of the following is a nonconforming use?a.A mother-in-law apartment that a homeowner builds on the sly without getting a building permitb.A manufacturing plant that makes engine blocks, located in an area that the city decides to zone light industrialc.An old office building that no longer meets the sprinkler requirements of the fire coded.An old restaurant building that the city has foreclosed on for nonpayment of taxes
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Most Popular Content
Real Estate 20 multiple choice, business and finance homework help
A couple with an eight-year-old boy would like to move into the Uppin Arms apartments. They ask the property manager if he ...
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A couple with an eight-year-old boy would like to move into the Uppin Arms apartments. They ask the property manager if he knows whether any sex offenders live in the area. The manager assumes that some do, but has no actual information about it. He should:a.refer the couple to the local law enforcement agency or website that has this informationb.assure them that he would never rent to a registered sex offender, under any circumstancesc.reply, "Not to the best of my knowledge"d.refuse to answer on the grounds that sex offenders are a protected class1 points QUESTION 2A property management firm manages a large office park. The firm employs a full-time maintenance crew of ten people in the park. Building 14 is undergoing substantial exterior renovation. One of the men on the crew complains about unwanted romantic invitations and lewd comments by an employee of the tenant in Building 14. The property manager tells his worker "to get over it." The worker then threatens action under Title VII of the Civil Rights Act of 1964. Which of the following statements is true?a.Title VII protects women from sexual harassment, but not menb.The manager has no responsibility for the actions of the tenant under Title VIIc.Title VII prohibits discrimination based on sex (gender), but sexual harassment is not considered discrimination based on sexd.None of the above1 points QUESTION 3A property manager handles the properties listed below. For which of these properties does he have to make disclosures under the lead-based paint disclosure law?a.A single-family residence built in 1977b.A duplex built in 1979c.An apartment building that has only studio units, built in 1949d.A loft apartment in a building converted and completely renovated in 19991 points QUESTION 4All of the following are exempt from the ADA, except:a.a private men's clubb.the meeting place of a church youth groupc.a dentist's office in a small commercial buildingd.a residential triplex1 points QUESTION 5Doreen has been an administrative assistant at a large property management firm for many years. She and her husband just learned that he is terminally ill; he's expected to die in six months or less. Doreen would like to take a leave of absence from her job in order to spend more time with her husband and take care of him until his death, but her employer's policies don't provide for any leave in this type of situation. 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This could give rise to charges of:a.market allocationb.market efficiencyc.price fixingd.None of the above; this is not an antitrust violation1 points QUESTION 7Judd runs a property management firm. He assigns smaller office properties to one manager and larger properties to another. This is:a.illegal match fixingb.illegal market allocationc.an illegal tie-in arrangementd.a reasonable business practice allowed by the Sherman Act1 points QUESTION 8Karen wants to rent space for her small business. One summer afternoon she looks at a space that has two offices with a reception area. The leasing agent showing Karen the premises forgets to mention that the heater in one of the offices doesn't work. The agent has failed to disclose a:a.nonmaterial factb.latent defectc.material factd.Both b) and c)1 points QUESTION 9Raoul manages a large Victorian-era house that is split up into several apartments. The bottom floor is rented to an older, long-term tenant who pays a high rent. A vacancy opens up on the second floor above this tenant, and a woman with a young boy applies for the space. The last time Raoul rented this space to someone with a child, his long-term tenant threatened to move out. 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