Final answer:
Fair housing laws are the topic that is most likely NOT covered in real estate pre-licensing courses.
Step-by-step explanation:
The topic that is most likely NOT covered in real estate pre-licensing courses is A) Fair housing laws. While the other topics - B) Real estate ethics, C) Local property values, and D) Contract law - are all important and relevant to the field of real estate, fair housing laws are typically taught in separate courses or workshops that focus specifically on anti-discrimination laws and regulations.