Under federal law, real estate licensees should not take which type of listings?

Under federal law, real estate licensees should not take restrictive listings because such listings may involve discriminatory practices that violate fair housing laws. Restrictive listings could include terms that limit the sale or rental of a property based on protected characteristics such as race, color, religion, national origin, sex, familial status, or disability.

Federal regulations, particularly the Fair Housing Act, emphasize equal opportunity in housing and prohibit any practices that discriminate against individuals based on the aforementioned characteristics. Therefore, real estate professionals are expected to adhere to this legal framework by avoiding any listings that impose restrictions contrary to these principles of equality and non-discrimination.

Under the context of the other options, exclusive listings, open listings, and fair listings imply various forms of property marketing and ownership arrangements that do not inherently violate federal law. Exclusive listings provide a single agent the right to sell a property, open listings allow multiple agents to sell, and fair listings suggest adherence to fair housing practices. None of these directly conflict with federal regulations as restrictive listings do.