Fair Housing
Source of income as a protected class in housing would protect against discrimination based on:
ARace or national origin
BHow a tenant pays rent, including Section 8 housing vouchers✓ Correct
CEmployment status
DCriminal history
Explanation
Where source of income is a protected class (in states or localities that have enacted such protection), landlords cannot refuse to rent to tenants who use housing vouchers or other legal income sources.
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Key Terms to Know
Fair Housing Act
Federal law prohibiting discrimination in the sale, rental, or financing of housing based on race, color, national origin, religion, sex, disability, and familial status.
SteeringAn illegal practice where a real estate agent directs buyers toward or away from certain neighborhoods based on the buyer's race, religion, national origin, or other protected characteristics.
Pre-ApprovalA lender's conditional commitment to loan a specific amount to a borrower, based on verified income, credit, and assets.
Gross Rent Multiplier (GRM)A quick valuation metric for income properties calculated by dividing the property price by gross annual rental income.
Math Concepts
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