Practice & Fair Housing·New York Brokerage

5.1 — New York Brokerage Operations and Fair Housing

Weight: ~12% | Study time: 90 min

Federal Fair Housing Act (7 classes); NY Human Rights Law additions (creed, age 18+, sexual orientation, gender identity, marital status, military status); NYC additional protections (source of income, citizenship, partnership status); prohibited conduct (steering, blockbusting, redlining); rent stabilization (NYC — regulated increases; Rent Guidelines Board; disclosure required); rent control (pre-1947 buildings; very limited); trust account rules (broker holds client funds; no commingling; no conversion); advertising (broker name required; no blind ads; internet = advertising); Certificate of Occupancy (required at closing; illegal conversions = material defect); REBNY (NYC trade organization; not a government body); Truth-in-Renting Act; IDFPR discipline; antitrust.

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