Alaska License Law
Which of the following is an example of blockbusting under Alaska license law?
ARefusing to show a property to a buyer based on income
BInducing owners to sell by suggesting that persons of a protected class are moving into the neighborhood✓ Correct
CCharging different commission rates to different clients
DAdvertising a property as being near a school without disclosing school quality
Explanation
Blockbusting (also called panic peddling) is the illegal practice of inducing homeowners to sell by making representations about the entry of protected-class persons into the neighborhood. It is prohibited under both federal fair housing law and Alaska license law.
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Key Terms to Know
Blockbusting
An illegal practice of inducing homeowners to sell by claiming that the entry of minority groups will lower property values.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
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.
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.
Math Concepts
State-Specific Concepts
License Law
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