Louisa, who is not a real estate license holder,owns three single-family residences, whichshe rents out. (She does not occupy any of theresidences). Does she have to abide by theFair Housing Act when selecting tenants?Louisa is exempt from the Fair Housing Act,although she may not use discriminatoryadvertising.Louisa is exempt from the Fair Housing Actunder the Mrs. Murphy exemption.Louisa is not exempt from the Fair HousingAct.Louisa is not exempt under the Fair HousingAct, but she is exemptunder the FloridaResidential Landlord and Tenant Act.

Louisa, a non-real estate license holder, finds herself in the role of a landlord for three…

Answered: Louisa, who is not a real estate…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Patrick Clawson was described by reporter Karen Branch-Brioso in a newspaper story as a “1970s era St. Louis journalist turned private eye turned FBI informant.” The story was published in the St. Louis Post-Dispatch. The fact that he had been characterized as an informant bothered Clawson, who saw it as damaging to his reputation. Accordingly, he brought a libel case against the Post-Dispatch. Recall that to be libelous, a statement must be false and “hold the victim up to ridicule, contempt, or hatred.” Clawson would have preferred the term whistleblower rather than informant because that term commands more respect. Why is the use of the term informant to describe Clawson not libelous?
Brady leaves her diamond necklace to be repaired at Diamonds R Us, a jewelry store that sells new and used diamond jewelry, Diamonds R Us sells the necklace to Doris, who does not know that it belongs to Brad. a. Brad can successfully recover the necklace from Doris. b. Brad cannot recover from either Doris or Diamonds R Us. c. Brad can sue Diamonds R Us for the value of the necklace but cannot obtain the necklace back from Doris
Standard Appliance Co. has an employee pension plan under which Aurelia has worked for 31 years. Aurelia is laid off at age 60, and five years later, she retires and attempts to draw her pension benefits. However, Aurelia is informed that she is not eligible for pension benefits because she had not been working under the Standard Appliance Co. plan at the time of her retirement. Is this correct? Yes, if that is what the Standard Appliance Co. plan specifies. No, since Aurelia worked longer than 10 years for Standard Appliance Co. No, since Aurelia's benefits are vested. Yes, since Standard Appliance Co, only has a responsibility to current employees.
[Restaurant Name] does not publish the prices of drinks on the menus. Nik Carlson, a customer of the restaurant filed a lawsuit claiming that failure to provide drink prices on the menu constitutes an unfair business practice because customers must make quick decisions about ordering drinks after asking about the price. Another plaintiff, Joe Swanson, claimed that he was not provided with a cost for his drink until after he ordered it, which constitutes consumer fraud. Analyze the applicability of state and/or federal consumer protection laws that Carlson and Swanson can assert against [Restaurant Name]. Select which party should win and support your answer.
Wanda attends a public high school. Today's lunch is a roasted pepper and tabouli on pita sandwich, which Wanda detests. During the lunch hour, instead of saying something about the sandwich, eating it, or trying to find something else to eat, Wanda yells "Food Fight" and tosses her sandwich to the floor. No fighting actually occurs, but students throw a huge amount of food onto the floor, leaving the cafeteria covered in peppers, tabouli, and pita bread. The school principal is furious and orders Wanda to clean up the mess. Wanda refuses and claims she was exercising her right of free speech. True or False: Wanda's actions are protected under free speech. O True, because Wanda was expressing her thoughts. O True, because Wanda was engaged in expression-plus. O True, because Wanda's actions were not obscene and demonstrated no imminent lawlessness or clear and present danger. O False, because students are not protected by the First Amendment. O False, because Wanda did not intend to…
What issues must the court decide in this case? John Hitman was fired when he was caught carrying a gun into work. He was hospitalized following the incident and was diagnosed with a mental disorder. His attorney informed the company of his mental status and asked that they delay any decision about his employment status. The company fired John for his clear violation of company rules.
The National Safety Council estimates that one quarter of all automobile and truck accidents involve cell phone use or texting. In fatality and injury vehicle accidents, plaintiffs’ attorneys subpoena cell phone records, which often form the basis of compelling liability cases against driver-employees and their employers via vicarious liability. While balancing the privacy rights of the employee, with the business practice of the employer, is it appropriate to ban all cell phone usage while driving on company business. Please fully discuss. HINT: Address the Vicarious Liability & Privacy Rights Issues. Please use the IRAC format Issue: Call of the QuestionRule: Rule of Law to be applied to properly answer the questionAnalysis: Applying the rule of law to the facts of the problem presentedConclusion: Answer to the Issue
If an Illinois real estate licensee has an ownership interest in a property being sold and has failed to inform the purchaser of such interest, the licensee A. cannot collect a sales commission on the self-owned portion. B. has acted unethically, but not illegally. C. has committed an illegal act and is subject to disciplinary action. D. has not erred unless the licensee ownership interest is greater than 50%.
Phillip is a broker who was hired by Sam to help him find a new investment property. Phillip identifies a property that fits Sam's investing criteria. Sam asks Phillip to do some research and provide him with an opinion of title on the property. Is Phillip permitted to do this? ○ No. This would be considered an unauthorized practice of law. No. Phillip needs his sales associates license in order to issue an opinion of title. Yes. Brokers are always permitted to issue an opinion of title. Yes. As long as Phillip notifies FREC, he can issue an opinion of title.
The “Compliance with Standards Rule” requires that a member who performs professional services, including consulting services, comply with standards promulgated by bodies designated by Council, regardless of whether the member is holding out as a CPA. The standards applicable to members performing consulting services are set forth in the Statements on Standards for Consulting Services (SSCSs) and specifically state that such standards apply to members holding out as a CPA while providing consulting services. Would a member who does not hold out as a CPA be in compliance with “Compliance with Standards Rule” if the member did not comply with the SSCSs while performing consulting services for a client? Yes or No
Megan is a single 40-year-old who has borrowed money on numerous occasions. Her payment record has been good, except she has been delinquent in paying a few bills. Which of the following statements is true regarding credit information gathered on Megan? Because Megan has been delinquent, she waives her right to see the credit files. If Megan is rejected for a loan because of the consumer report, the lender must tell her the name of the agency that supplied the report. Megan has a right to have the information regarding her delinquency in paying a few loans stricken from her credit record because her record has generally been good. Megan's delinquencies can be reported by credit reporting agencies for a period of 12 years.

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