Real Estate Continuing Education Online Courses Since 1998
Oregon Real Estate Continuing Education - OREGON School Number: 1278
4.0 hours The Law of the Land - Fair Housing Course Syllabus
4.0 Elective Hours.
The managing or supervising broker has the authority to develop a standard procedure for disclosure to avoid discriminatory acts. Brokers and their agents should take steps to maintain a standard way of practicing business to eliminate discriminatory allegations. In many states, each brokerage is required to hand out a detailed brochure discussing fair housing laws.
The overall effect of federal and state legislation is to outlaw discrimination based on race, color, religion, sex, national origin, disability, or familial status in all property transactions with no exceptions. Of course, this is not always the case, and sometimes discrimination is blatant.
Licensed real estate professionals have the duty to disclose fair housing laws and the consequences for violating these laws to the client. The real estate agent must make available to the client the laws governing fair housing; however, they must be cautious not to practice law.
After an agent has properly disclosed to the seller the laws governing fair housing, he has fulfilled his obligation of disclosure to the seller. Once the agent understands that the seller is not willing to abide by the fair housing laws, he should refuse the listing. The real estate agent should inform the seller that his broker may want to terminate the listing agreement if a discriminatory atmosphere should arise after the signing of the listing agreement.
Upon completion of this course the real estate professional understands the importance of developing standard procedures for disclosure to avoid violating the Fair Housing Act.