Which of the following practices is considered illegal in real estate transactions?

Prepare for the Virginia State Real Estate Salesperson Exam with our comprehensive quiz. Use flashcards and multiple-choice questions to master real estate concepts. Get ready to succeed!

Disparate impact and disparate treatment are recognized as illegal practices in real estate transactions because they are forms of discrimination. Disparate treatment occurs when individuals are treated differently based on protected characteristics such as race, color, religion, sex, national origin, familial status, or disability. Disparate impact refers to policies or practices that may appear neutral but disproportionately affect individuals in these protected categories, leading to exclusion or disadvantage in housing opportunities.

The importance of fair housing laws is to ensure that all individuals have equal access to housing and are treated fairly in all real estate transactions. Violating these principles can result in severe legal consequences for those involved, highlighting the significance of ethical practices in real estate.

In contrast, standard advertising practices, providing full disclosure to buyers, and offering incentives to buyers are all acceptable within the scope of real estate transactions, as they do not inherently discriminate against any protected group or individual.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy