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Consumer protection is a fundamental factor in keeping the real estate industry alive and well. While there may be hundreds of bills and laws out there that pursue consumer protection, the most important and comprehensive by far is the Fair Housing Act of 1974. This states that everyone should be given fair opportunity and rights with regards to home ownership, rental, selling or other real estate related transactions. As a hopeful home buyer or tenant, knowing this act would be your first step to having a good chance of acquiring or renting a home, or engage in any other real estate related transactions. The United States Department of Housing and Urban Development or HUD was the tasked enforcer for this act. It is responsible in ensuring that any real estate consumer has been given equal opportunity to become a part of legitimate deal. The act covers individuals, extended or nuclear families, couples, organizations, establishments, corporations, partnerships, agencies to even cities and federal agencies. All of whom are subjected to follow the law. Any refusal or denial of negotiating with a person due to his race, color, national origin, sex, religion, handicap or familial status is illegal. It is equally prohibited to deny home rental or sale to a person associated with a handicapped individual who will also reside in the home. Further prohibitions of discrimination are numerous, and some are in these areas: -professional services from housing financial aid to representation from agents, brokers or lawyers -any item or clause in a deal contract -false claim about the availability or vacancy of a property -blockbusting for profit or for neighborhood "exclusivity" promotion -policies on qualification, application or eviction process -print or online advertisements -neighborhood or building facility use -pre-determining housing type or unit for a particular tenant or buyer -threatening, coercing, intimidating or interfering a person who exercises fair housing rights There are other considerations for persons with disabilities or families with such member. For example, a handicapped person must insist on seeing all units in a multi-unit complex, regardless what floor they may be. The landlord should also accommodate reasonable requests to make the unit, building or surroundings (parking space) safer and more comfortable for the handicapped people. These modifications are at the landlord's expense. On the other hand, there are exemptions to the rule. Proven mentally unstable and violent persons would be denied residence as they could threaten safety of other people in the building or neighborhood. According to HUD, "the Act exempts owner-occupied buildings with no more than four units, single-family housing sold or rented without the use of a broker, and housing operated
by organizations and private clubs that limit occupancy to members." Special considerations are also applicable for homes indicated as 55+ communities. Persons and families with members aged 55 years and older can qualify for this housing option. If you feel your rights have been violated, air your complaint via HUD office near you. Complaints are received via online submission through the HUD website, mail or phone. An investigation will take place and once a party is proven guilty to violate your rights, criminal proceedings may be initiated by the Department of Justice.
The Real estate market can be an enjoyable, satisfying and lucrative experience for you. Whether you are a homeowner, a buyer, a landlord or simply a real estate enthusiast, get to know more about the latest in the real estate market now. Read more about it here: Green Housing in Gilbert and Gilbert AZ Fixer Upper Property.
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