Florida Broker Practice Exam

How many single dwellings owned by a seller can be part of a transaction exempt from the Fair Housing Act?

1. One

2. Two

3. Three

4. Four

The correct answer is: Three

The correct answer is that a seller can have up to three single dwellings included in a transaction exempt from the Fair Housing Act. This exemption applies when the seller is an individual who owns no more than three single-family homes at any one time and who sells or rents these homes without using discriminatory advertising. The rationale behind this exemption is that it targets individuals who are not in the business of selling or renting real estate, allowing them a certain level of personal control over their properties without falling under the extensive regulations meant for larger-scale operations. This means that if a seller owns only one or two dwellings, they are still compliant with the exemption, which is often misinterpreted as being limited to just one property. The limitation to three homes reflects a balance aimed at distinguishing between casual sellers and professional real estate providers, minimizing regulatory burdens on individuals conducting infrequent sales. Understanding this specific number is essential for recognizing the delineation of responsibilities and adherence to fair housing laws in transactions involving personal properties.