PSI Oklahoma Real Estate Practice Test

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Prepare for the PSI Oklahoma Real Estate Test. Use flashcards and multiple choice questions with hints and explanations. Excel on your exam!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

When a property owner specifies a preference against selling to a certain ethnic group, what should the broker do?

List the property anyway
Refuse to list the property
Inform the owner of Fair Housing Laws
Consult with legal counsel

The correct answer is: Refuse to list the property

If a property owner expresses a preference against selling to a certain ethnic group, the appropriate action for the broker is to refuse to list the property. This response is grounded in the Fair Housing Act, which prohibits discrimination in housing based on race, color, national origin, religion, sex, familial status, and disability. A broker has a professional and legal obligation to uphold these laws and promote equal opportunity in housing. By refusing to list the property, the broker takes a stand against discriminatory practices and helps ensure that the real estate market remains fair and inclusive for all individuals, regardless of their background. Such actions not only support the principles of ethical real estate practice but also help the broker avoid potential legal repercussions that could arise from participating in discriminatory actions. While other actions, such as informing the owner of Fair Housing Laws or consulting with legal counsel, may provide additional context or support for handling the situation, the primary responsibility lies in refusing to engage in practices that would violate those laws. This proactive stance highlights the broker's commitment to maintaining the integrity of the housing market and adhering to legal standards.