In Alaska, a real estate agent representing a buyer must not:
Why Withhold any listing from the buyer based on the racial composition of the neighborhood Is Correct
Answer B: Withhold any listing from the buyer based on the racial composition of the neighborhood
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
A lender's conditional commitment to loan a specific amount to a borrower, based on verified income, credit, and assets.
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.
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- Which federal law prohibits lending discrimination based on a neighborhood's racial or ethnic composition?Fair Housing
- Which federal act prohibits lenders from discriminating in mortgage lending based on the racial composition of a neighborhood?Finance
- In Alaska, an online real estate listing platform that uses algorithms to show different property listings to users based on their perceived race or national origin would be:Fair Housing
- Alaska state fair housing law adds which protected class(es) beyond the federal Fair Housing Act?Fair Housing
- An Alaska real estate agent shows minority buyers only homes in certain neighborhoods and never in others. This is an example of: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.
Pre-ApprovalA lender's conditional commitment to loan a specific amount to a borrower, based on verified income, credit, and assets.
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.
Gross Rent Multiplier (GRM)A quick valuation metric for income properties calculated by dividing the property price by gross annual rental income.
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