An Alaska real estate agent shows minority buyers only homes in certain neighborhoods and never in others. This is an example of:
Why Steering Is Correct
Answer B: Steering
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.
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Related Alaska Questions
- 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
- An Alaska real estate company that uses a referral network that primarily sends minority buyers to lower-priced neighborhoods may be engaging in:Fair Housing
- A mortgage lender in Alaska charges a higher interest rate to an applicant because of the neighborhood where the property is located, which has a predominantly minority population. This practice is known as:Fair Housing
- In Alaska, the valuation of a 'partial interest' (such as a fractional ownership or minority interest) typically results in a value that is:Property Valuation
- In Alaska, an agent who asks buyers about their religious beliefs to match them to 'appropriate' neighborhoods is:Fair Housing
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.
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.
BlockbustingAn illegal practice of inducing homeowners to sell by claiming that the entry of minority groups will lower property values.
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.
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