Illinois leasing agent chapter 2 Complete Questions & Answers

Stigmatized property - ANSWER A property that has an undesirable reputation because a violent crime or suicide occurred in the property. Antitrust - ANSWER Laws designated to preserve the free enterprise of the open marketplace by forbidding certain private conspiracies and combinations created to minimize competition. Material Defect - ANSWER Facts about a property that could influences a buyer's decision to make an offer. Lead-Based Paint Hazard Reduction Act - ANSWER Persons selling or leasing property built before 1978 must disclose the known presence of lead-based paint and provide any relevant records. Mold - ANSWER Fungi that can found almost anywhere and can grow on almost any organic substance. RESPA - ANSWER The federal law that requires certain disclosures about mortgage loan settlements and prohibits kickbacks and certain kinds of referral fees. CAN-SPAM - ANSWER Law that establishes requirements for commercial email, including eBlasts.