Final answer:
Joan, as a newly licensed sales agent doing property management, should prioritize knowledge of Fair Housing Laws to ensure legal compliance and ethical property management practices. Knowledge of Zoning Regulations is also essential for understanding the governing rules for property usage in different zones.
Step-by-step explanation:
Joan, as a newly licensed sales agent sponsored by Ace Realty, should ensure she has adequate knowledge of Fair Housing Laws to competently manage property. Fair Housing Laws are federal statutes that provide a framework ensuring all individuals have equal access to housing and protect them from discrimination based on race, color, religion, national origin, sex, disability, and family status. These laws are critical to property management as they directly govern how properties can be marketed, to whom they can be rented or sold, and what kind of financing can be offered. A thorough understanding of Fair Housing Laws will ensure Joan respects tenants' rights and Ace Realty adheres to legal standards.
Zoning Regulations, on the other hand, are a form of land-use control which divides a given area into zones where specific property uses are permitted. While it's important for property managers to be aware of local zoning ordinances, especially if they manage commercial or mixed-use properties, in the context of property management, fair housing regulations are more directly relevant to handling daily operations and client interactions. However, awareness of zoning regulations is essential for business operations, as it influences the establishment and operation of sole proprietorships, partnerships, and corporations.
As for other choices such as real estate investment strategies and international property sales, they are also important areas of knowledge for real estate professionals, but they may not be as directly related to the day-to-day responsibilities of property management as Fair Housing Laws.