1. © 2009 by South-Western, Cengage Learning SAMIRLANDER Chapter 7

2. Florida Real Estate: Principles, Practices and License Law Chapter 7 Federal and State Laws Affecting Housing © 2009 by South-Western, Cengage Learning

3. 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

4. © 2009 by South-Western, Cengage Learning Introduction to Fair Housing

5. © 2009 by South-Western, Cengage Learning Introduction to Fair Housing

6. © 2009 by South-Western, Cengage Learning Introduction to Fair Housing

7. © 2009 by South-Western, Cengage Learning Introduction to Fair Housing

8. © 2009 by South-Western, Cengage Learning Introduction to Fair Housing

9. © 2009 by South-Western, Cengage Learning Introduction to Fair Housing

10. © 2009 by South-Western, Cengage Learning Introduction to Fair Housing

11. © 2009 by South-Western, Cengage Learning Introduction to Fair Housing

12. © 2009 by South-Western, Cengage Learning Introduction to Fair Housing

13. © 2009 by South-Western, Cengage Learning Introduction to Fair Housing

14. © 2009 by South-Western, Cengage Learning Introduction to Fair Housing Violations

15. © 2009 by South-Western, Cengage Learning Introduction to Fair Housing Violations

16. © 2009 by South-Western, Cengage Learning Introduction to Fair Housing Violations

17. © 2009 by South-Western, Cengage Learning Introduction to Fair Housing Violations

18. © 2009 by South-Western, Cengage Learning Introduction to Fair Housing Violations

19. © 2009 by South-Western, Cengage Learning Introduction to Fair Housing Violations

20. © 2009 by South-Western, Cengage Learning Introduction to Fair Housing Violations

21. © 2009 by South-Western, Cengage Learning Introduction to Fair Housing Violations

22. © 2009 by South-Western, Cengage Learning Introduction to Fair Housing Violations

23. © 2009 by South-Western, Cengage Learning Additional Regulations

24. © 2009 by South-Western, Cengage Learning Additional Regulations

25. © 2009 by South-Western, Cengage Learning Additional Regulations

26. © 2009 by South-Western, Cengage Learning Introduction to Fair Housing Violations

27. © 2009 by South-Western, Cengage Learning Introduction to Fair Housing Violations

28. © 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

29. © 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

30. © 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

31. © 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

32. © 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

33. © 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

34. © 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

35. © 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

36. © 2009 by South-Western, Cengage Learning Florida Housing Laws Interstate Land Sales Full Disclosure Act Property report: Property report: disclosure document Right of recession

37. © 2009 by South-Western, Cengage Learning Florida Housing Laws

38. © 2009 by South-Western, Cengage Learning Florida Housing Laws

39. © 2009 by South-Western, Cengage Learning Florida Housing Laws

40. © 2009 by South-Western, Cengage Learning Florida Housing Laws

41. © 2009 by South-Western, Cengage Learning Florida Housing Laws

42. © 2009 by South-Western, Cengage Learning Florida Housing Laws

43. © 2009 by South-Western, Cengage Learning Florida Housing Laws

44. © 2009 by South-Western, Cengage Learning Florida Housing Laws

45. © 2009 by South-Western, Cengage Learning Florida Housing Laws

46. © 2009 by South-Western, Cengage Learning Florida Housing Laws

47. © 2009 by South-Western, Cengage Learning Florida Housing Laws

48. © 2009 by South-Western, Cengage Learning Florida Housing Laws

49. © 2009 by South-Western, Cengage Learning Florida Housing Laws

50. © 2009 by South-Western, Cengage Learning Florida Housing Laws

51. © 2009 by South-Western, Cengage Learning Florida Housing Laws