Redlining is a fair housing violation that involves:
Why Refusing to make loans or offer insurance in certain geographic areas based on racial or ethnic composition Is Correct
Answer B: Refusing to make loans or offer insurance in certain geographic areas based on racial or ethnic composition
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 deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
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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- 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
- The federal Fair Housing Act of 1968 (as amended) prohibits discrimination based on which protected classes?Fair Housing
- Redlining is the illegal practice of:Fair Housing
Key Terms to Know
An 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.
Earnest MoneyA deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
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.
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.
Math Concepts
State-Specific Concepts
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