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:
ARisk-based pricing
BRedlining✓ Correct
CReverse redlining
DTiered lending
Explanation
Redlining is the illegal practice of refusing loans or offering less favorable terms to borrowers based on the racial or ethnic composition of the neighborhood where the property is located, rather than on the creditworthiness of the individual borrower.
Related Alaska Fair Housing Questions
- In Alaska, the fair housing protected class of 'familial status' covers:
- In Alaska, protected classes under the federal Fair Housing Act include all EXCEPT:
- A real estate agent's duty to comply with fair housing law includes:
- Which of the following best describes the purpose of 'affirmatively furthering fair housing' (AFFH) under federal law?
- Under the Fair Housing Act, a landlord who requires all applicants to provide the same information and uses consistent screening criteria is:
- Which federal law prohibits lending discrimination based on a neighborhood's racial or ethnic composition?
- Which of the following best describes 'tester' programs used to enforce fair housing law?
- Which of the following describes 'source of income discrimination' in Alaska housing?
Practice More Alaska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Alaska Quiz →