Texas Real Estate Brokerage Sales Apprentice Education (SAE) Practice Exam

The Fair Housing Act primarily aims to prevent discrimination in residential real estate transactions. It protects individuals from discrimination based on race, color, national origin, religion, sex, family status, and disability when it comes to leasing, selling, or financing residential property. In the context of real estate transactions, commercial transactions are generally exempt from the Fair Housing Act. This means that the Act does not regulate how businesses can operate regarding their commercial properties or transactions. The focus of the Fair Housing Act is residential environments where individuals seek housing. Residential real estate transactions, land leases, and governmental property sales typically fall under the purview of the Fair Housing Act, reinforcing the protection intended for individuals seeking places to live rather than conduct business. Thus, the appropriate understanding is that commercial transactions do not invoke the protections or regulations of the Fair Housing Act.