Fair Housing
Under the Fair Housing Act, a 55+ senior housing community may legally refuse to rent to families with children if:
AThe community is in a resort area
BAt least 80% of units are occupied by at least one person 55 or older and the community complies with age verification requirements✓ Correct
CThe community has fewer than 50 units
DThe community was established before 1988
Explanation
To qualify as a 55+ housing community exempt from familial status protection, at least 80% of occupied units must house at least one resident age 55 or older, and the community must publish and follow policies demonstrating intent to be 55+ housing, and maintain proper age verification procedures.
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Key Terms to Know
Fair Housing Act
Federal law prohibiting discrimination in the sale, rental, or financing of housing based on race, color, national origin, religion, sex, disability, and familial status.
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.
BlockbustingAn illegal practice of inducing homeowners to sell by claiming that the entry of minority groups will lower property values.
State-Specific Concepts
DRE Regulation
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