Key Takeaways
- Racial steering violates the Fair Housing Act and can result in multi-million dollar settlements and license revocations.
- Trust fund embezzlement schemes are aggressively prosecuted under federal wire fraud statutes with sentences up to 20 years.
- One person's fraud can shut down an entire brokerage and end the careers of uninvolved agents.
- Prevention requires a four-pillar framework: culture, systems, training, and accountability.
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Test Your Knowledge
1.Under the Fair Housing Act, how many protected classes are recognized at the federal level?
2.What is "steering" in the context of fair housing law?
3.What are the four pillars of effective enforcement prevention?