ACEABLE AGENT LATEST 2026 MAIN FINAL PAPER
QUESTIONS AND SOLUTIONS GUARANTEE A+
✔✔Special Agency - ✔✔the relationship between a broker and a principal wherein the
broker has restricted authority to act on behalf of the principal to achieve one specific
objective
✔✔Agent - ✔✔a person who acts on behalf of someone else
✔✔Seller's Disclosure Notice - ✔✔a document filled out by the seller concerning any
defects in the improvements on the property
✔✔Subagent - ✔✔a license holder from one office who represents the seller through
cooperation with the listing broker of another company
✔✔Material Fact - ✔✔any fact that is significant or essential to the transaction
✔✔Fiduciary Duties - ✔✔a responsibility to act in the best interest of your client — the
highest standard
✔✔Fraud - ✔✔a misstatement made intentionally to deceive
✔✔Civil Rights Act of 1866 - ✔✔the first law that began to promise equal rights for all
citizens regardless of race or color
✔✔Fair Housing Act - ✔✔a federal law that prohibits discrimination in housing based
upon race, color, religion, or national origin and was amended to include sex, disability,
and familial status; a.k.a. the Fair Housing Act of 1968
✔✔Disability - ✔✔a physical or mental impairment that limits at least one major activity
in someone's life
✔✔Steering - ✔✔an illegal act of channeling buyers or tenants to certain areas, either to
keep the area demographically the same or to change the demography of the area
✔✔American with Disabilities Act - ✔✔a federal law enacted to remove barriers for
individuals with disabilities
✔✔Equal Opportunity in Housing - ✔✔the concept that everyone will have equal access
to housing with no discriminatory actions taking place
✔✔Texas Department of Housing and Community Affairs - ✔✔a department that
administers assigned programs on Texas housing, invests resources strategically, and
develops high quality affordable housing which allows Texas communities to thrive
, ✔✔Reasonable Accommodation - ✔✔a change in rules, policies, or practices that may
be necessary to afford a person with a disability an equal opportunity to use or enjoy a
dwelling
✔✔Protected Classes - ✔✔groups that are illegal to discriminate against, as defined by
the Fair Housing Act
✔✔Housing and Community Development Act - ✔✔a 1988 amendment to the Fair
Housing Act, that added familial status and disability to the list of protected classes
✔✔Familial Status - ✔✔protected class that applies to any family with at least one
person under 18 years of age with at least one parent or legal guardian
✔✔Blockbusting - ✔✔to sell their homes by creating fear that minorities are moving into
the area; also known as panic peddling
✔✔Equal Credit Opportunity Act (ECOA) - ✔✔law prohibiting credit discrimination on
the basis of race, color, religion, national origin, sex, marital status, age, or use of public
assistance
✔✔Community Reinvestment Act - ✔✔helps commercial banks and savings
associations meet the needs of borrowers in all segments of their communities,
including low- and moderate-income neighborhoods
✔✔Redlining - ✔✔the illegal act of an lender denying mortgages in certain areas of
town
✔✔Home Mortgage Disclosure - ✔✔federal act that requires lenders to disclose specific
lending information, which HUD then uses to map lending patterns
✔✔Disability - ✔✔a physical or mental impairment that substantially limits one or more
of an individual's major life activities
✔✔REALTOR® - ✔✔a registered trademark designed for the sole use of identifying the
members of a local board who are affiliated with the National Association of
REALTORS®
✔✔Code of Ethics - ✔✔a document created by the National Association of
REALTORS® that their members pledge
✔✔ Apartment Locators - ✔✔a real estate license holder who locates dwelling units for
prospective tenants
QUESTIONS AND SOLUTIONS GUARANTEE A+
✔✔Special Agency - ✔✔the relationship between a broker and a principal wherein the
broker has restricted authority to act on behalf of the principal to achieve one specific
objective
✔✔Agent - ✔✔a person who acts on behalf of someone else
✔✔Seller's Disclosure Notice - ✔✔a document filled out by the seller concerning any
defects in the improvements on the property
✔✔Subagent - ✔✔a license holder from one office who represents the seller through
cooperation with the listing broker of another company
✔✔Material Fact - ✔✔any fact that is significant or essential to the transaction
✔✔Fiduciary Duties - ✔✔a responsibility to act in the best interest of your client — the
highest standard
✔✔Fraud - ✔✔a misstatement made intentionally to deceive
✔✔Civil Rights Act of 1866 - ✔✔the first law that began to promise equal rights for all
citizens regardless of race or color
✔✔Fair Housing Act - ✔✔a federal law that prohibits discrimination in housing based
upon race, color, religion, or national origin and was amended to include sex, disability,
and familial status; a.k.a. the Fair Housing Act of 1968
✔✔Disability - ✔✔a physical or mental impairment that limits at least one major activity
in someone's life
✔✔Steering - ✔✔an illegal act of channeling buyers or tenants to certain areas, either to
keep the area demographically the same or to change the demography of the area
✔✔American with Disabilities Act - ✔✔a federal law enacted to remove barriers for
individuals with disabilities
✔✔Equal Opportunity in Housing - ✔✔the concept that everyone will have equal access
to housing with no discriminatory actions taking place
✔✔Texas Department of Housing and Community Affairs - ✔✔a department that
administers assigned programs on Texas housing, invests resources strategically, and
develops high quality affordable housing which allows Texas communities to thrive
, ✔✔Reasonable Accommodation - ✔✔a change in rules, policies, or practices that may
be necessary to afford a person with a disability an equal opportunity to use or enjoy a
dwelling
✔✔Protected Classes - ✔✔groups that are illegal to discriminate against, as defined by
the Fair Housing Act
✔✔Housing and Community Development Act - ✔✔a 1988 amendment to the Fair
Housing Act, that added familial status and disability to the list of protected classes
✔✔Familial Status - ✔✔protected class that applies to any family with at least one
person under 18 years of age with at least one parent or legal guardian
✔✔Blockbusting - ✔✔to sell their homes by creating fear that minorities are moving into
the area; also known as panic peddling
✔✔Equal Credit Opportunity Act (ECOA) - ✔✔law prohibiting credit discrimination on
the basis of race, color, religion, national origin, sex, marital status, age, or use of public
assistance
✔✔Community Reinvestment Act - ✔✔helps commercial banks and savings
associations meet the needs of borrowers in all segments of their communities,
including low- and moderate-income neighborhoods
✔✔Redlining - ✔✔the illegal act of an lender denying mortgages in certain areas of
town
✔✔Home Mortgage Disclosure - ✔✔federal act that requires lenders to disclose specific
lending information, which HUD then uses to map lending patterns
✔✔Disability - ✔✔a physical or mental impairment that substantially limits one or more
of an individual's major life activities
✔✔REALTOR® - ✔✔a registered trademark designed for the sole use of identifying the
members of a local board who are affiliated with the National Association of
REALTORS®
✔✔Code of Ethics - ✔✔a document created by the National Association of
REALTORS® that their members pledge
✔✔ Apartment Locators - ✔✔a real estate license holder who locates dwelling units for
prospective tenants
