Oregon 30-Hour Real Estate Law Practice Test

What must a property manager understand regarding landlord-tenant relations?

1. Property assessment values

2. Fair housing laws

3. Management techniques

4. Tenant selection criteria

The correct answer is: Fair housing laws

A property manager must have a comprehensive understanding of fair housing laws, as these laws are crucial for ensuring compliance and fostering equitable treatment in landlord-tenant relationships. Fair housing laws prohibit discrimination in housing-related activities based on protected characteristics such as race, color, religion, sex, national origin, familial status, and disability. Understanding these laws helps property managers ensure their practices align with legal requirements, preventing potential disputes and legal issues that could arise from discriminatory practices. This knowledge not only aids in maintaining an inclusive environment but also protects the property management company from liability related to violations of these laws. While knowledge of property assessment values, management techniques, and tenant selection criteria is certainly beneficial, none of these areas carry the same legal implications regarding the rights and protections of tenants as fair housing laws do. Thus, a solid grasp of fair housing laws is essential for effective and lawful property management.