Michigan Real Estate Salesperson Exam — All Questions
← Back to practiceAllProperty OwnershipLand Use Controls and RegulationsValuation and Market AnalysisFinancingContractsAgencyProperty DisclosuresTransfer of TitlePractice of Real EstateProperty ManagementReal Estate CalculationsMichigan License LawMichigan Agency RulesMichigan Practice & ClosingMichigan Licensing Requirements
2 questions
Practice of Real Estate
Under the federal Fair Housing Act, which of the following is a protected class?
- a.Occupation
- b.Religion✓
- c.Political party
- d.Level of education
The federal Fair Housing Act protects race, color, religion, sex, national origin, familial status, and disability. Occupation, political affiliation, and education are not federally protected classes.
Practice of Real Estate
A salesperson deposits a client's earnest money into the salesperson's personal checking account. This improper mixing of client funds with personal funds is called:
- a.Blockbusting
- b.Steering
- c.Commingling✓
- d.Redlining
Commingling is mixing client or trust funds with the licensee's own funds; conversion is using them for personal purposes. Both are serious violations. Blockbusting, steering, and redlining are prohibited discriminatory practices.