An Alaska bank that targets minority borrowers for predatory high-cost loans when they could qualify for standard loans is engaging in:
Why Reverse redlining Is Correct
Answer B: Reverse redlining
Exam Tip: Fair Housing
Fair Housing questions test both federal (Fair Housing Act of 1968) and state-level protected classes. The federal protected classes are race, color, religion, national origin, sex, familial status, and disability. Many states add additional protections.
Key Fair Housing Terms in This Question
An 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.
BlockbustingAn illegal practice of inducing homeowners to sell by claiming that the entry of minority groups will lower property values.
RedliningAn illegal practice where lenders or insurers deny services or charge higher rates in certain neighborhoods based on the racial or ethnic composition of those areas.
People Also Study
Related Alaska Questions
- A deed restriction (private restriction) that violates public policy or fair housing laws is:Property Ownership
- An Alaska landlord requires all applicants to provide proof of citizenship. This policy likely violates the Fair Housing Act because:Fair Housing
- Under the Fair Housing Act, a real estate agent who steers a minority buyer away from neighborhoods with a majority of the buyer's own ethnic group and toward heavily minority areas is engaging in:Fair Housing
- Under the Fair Housing Act, when a lender offers different loan terms to borrowers in different neighborhoods based on the racial composition of the neighborhoods, this is called:Fair Housing
- An Alaska newspaper publishes a real estate advertisement that shows photos of only white families. This potentially violates fair housing advertising rules because:Fair Housing
- An Alaska veteran purchases a home using a VA loan. Which statement about VA loans is correct?Finance
- Which of the following is an example of 'blockbusting' under Alaska's Fair Housing provisions?Alaska License Law
- An Alaska purchase agreement is silent on who pays for the survey. Under standard Alaska practice, the cost of a new survey is typically paid by:Contracts
Key Terms to Know
An 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.
BlockbustingAn illegal practice of inducing homeowners to sell by claiming that the entry of minority groups will lower property values.
RedliningAn illegal practice where lenders or insurers deny services or charge higher rates in certain neighborhoods based on the racial or ethnic composition of those areas.
Fair Housing ActFederal law prohibiting discrimination in the sale, rental, or financing of housing based on race, color, national origin, religion, sex, disability, and familial status.
Study This Topic
Practice More Alaska Real Estate Questions
1,400+ questions covering all exam topics. Start free — no signup required.
Take the Free Alaska Quiz →