Colorado Real Estate Broker Exam — All Questions
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A licensee refuses to show homes in a particular neighborhood to a buyer because of the buyer's national origin. This conduct violates the:
- a.Real Estate Settlement Procedures Act
- b.Truth in Lending Act
- c.Statute of Frauds
- d.Federal Fair Housing Act✓
The federal Fair Housing Act prohibits discrimination in housing based on race, color, religion, sex, national origin, familial status, and disability. Steering buyers toward or away from areas based on a protected class is an illegal practice. RESPA governs closing cost disclosures, and TILA governs credit cost disclosures, neither of which addresses this conduct.
The practice of a listing broker refusing to cooperate with buyer brokers who are not members of the same organization, in order to exclude competitors, is best described as a potential violation of:
- a.Antitrust law prohibiting group boycotts✓
- b.The Statute of Frauds
- c.The parol evidence rule
- d.The doctrine of laches
Agreements among competitors to refuse to deal with certain brokers are group boycotts, which are illegal under antitrust law. Other antitrust violations include price fixing of commissions and market allocation. These practices harm competition and can lead to serious civil and criminal penalties independent of any real estate license discipline.