© 2009 by South-Western, Cengage Learning SAMIRLANDER Chapter 7
Florida Real Estate: Principles, Practices and License Law Chapter 7 Federal and State Laws Affecting Housing © 2009 by South-Western, Cengage Learning
Key Terms Actual eviction Blockbusting Constructive eviction Division of Land Sales, Condominium, and Mobile Homes Familial status Property report Public accommodation Real Estate Settlement Procedures Act Redlining Seven-business day right of recession Steering Subdivided lands
© 2009 by South-Western, Cengage Learning Introduction to Fair Housing
© 2009 by South-Western, Cengage Learning Introduction to Fair Housing
© 2009 by South-Western, Cengage Learning Introduction to Fair Housing
© 2009 by South-Western, Cengage Learning Introduction to Fair Housing
© 2009 by South-Western, Cengage Learning Introduction to Fair Housing
© 2009 by South-Western, Cengage Learning Introduction to Fair Housing
© 2009 by South-Western, Cengage Learning Introduction to Fair Housing
© 2009 by South-Western, Cengage Learning Introduction to Fair Housing
© 2009 by South-Western, Cengage Learning Introduction to Fair Housing
© 2009 by South-Western, Cengage Learning Introduction to Fair Housing
© 2009 by South-Western, Cengage Learning Introduction to Fair Housing Violations
© 2009 by South-Western, Cengage Learning Introduction to Fair Housing Violations
© 2009 by South-Western, Cengage Learning Introduction to Fair Housing Violations
© 2009 by South-Western, Cengage Learning Introduction to Fair Housing Violations
© 2009 by South-Western, Cengage Learning Introduction to Fair Housing Violations
© 2009 by South-Western, Cengage Learning Introduction to Fair Housing Violations
© 2009 by South-Western, Cengage Learning Introduction to Fair Housing Violations
© 2009 by South-Western, Cengage Learning Introduction to Fair Housing Violations
© 2009 by South-Western, Cengage Learning Introduction to Fair Housing Violations
© 2009 by South-Western, Cengage Learning Additional Regulations
© 2009 by South-Western, Cengage Learning Additional Regulations
© 2009 by South-Western, Cengage Learning Additional Regulations
© 2009 by South-Western, Cengage Learning Introduction to Fair Housing Violations
© 2009 by South-Western, Cengage Learning Introduction to Fair Housing Violations
© 2009 by South-Western, Cengage Learning Real Estate Settlement Procedures Act Regulates financial institutions that originate loans secured by mortgages Does not apply to: Seller financing Commercial transactions
© 2009 by South-Western, Cengage Learning Real Estate Settlement Procedures Act Advanced disclosure of settlement cost to buyer Protection from expensive costs due to egregious practices Settlement cost timely provided Eliminates kickbacks
© 2009 by South-Western, Cengage Learning Real Estate Settlement Procedures Act Good-faith estimate 3 Business days from completion of loan application Guide to Settlement Costs Uniform Settlement Statement Available on request Available 1 business day before closing Itemized list of charges
© 2009 by South-Western, Cengage Learning Florida Housing Laws Two state laws relating to housing Florida Uniform Land Sales Practices Act Florida Residential Landlord Tenant Act
© 2009 by South-Western, Cengage Learning Florida Housing Laws Subdivided lands: l Subdivided lands: land to be subdivided into 50 or more lots or interests Purpose: to provide adequate info about the property
© 2009 by South-Western, Cengage Learning Florida Housing Laws Division of Land Sales, Condominiums, and Mobile Homes: Division of Land Sales, Condominiums, and Mobile Homes: responsible for regulating the sale of subdivision land Part of DBPR
© 2009 by South-Western, Cengage Learning Florida Housing Laws Public offering statement Description Encumbrances, liens, easements, or restrictions Statement of taxes Other info for full disclosure
© 2009 by South-Western, Cengage Learning Florida Housing Laws Seven business day right of rescission Right to cancel contract Does not apply to anyone (builder) in the business of purchasing subdivided land
© 2009 by South-Western, Cengage Learning Florida Housing Laws Interstate Land Sales Full Disclosure Act Property report: Property report: disclosure document Right of recession
© 2009 by South-Western, Cengage Learning Florida Housing Laws
© 2009 by South-Western, Cengage Learning Florida Housing Laws
© 2009 by South-Western, Cengage Learning Florida Housing Laws
© 2009 by South-Western, Cengage Learning Florida Housing Laws
© 2009 by South-Western, Cengage Learning Florida Housing Laws
© 2009 by South-Western, Cengage Learning Florida Housing Laws
© 2009 by South-Western, Cengage Learning Florida Housing Laws
© 2009 by South-Western, Cengage Learning Florida Housing Laws
© 2009 by South-Western, Cengage Learning Florida Housing Laws
© 2009 by South-Western, Cengage Learning Florida Housing Laws
© 2009 by South-Western, Cengage Learning Florida Housing Laws
© 2009 by South-Western, Cengage Learning Florida Housing Laws
© 2009 by South-Western, Cengage Learning Florida Housing Laws
© 2009 by South-Western, Cengage Learning Florida Housing Laws
© 2009 by South-Western, Cengage Learning Florida Housing Laws