Fair Housing
Blockbusting (panic selling) is the illegal practice of:
ARapidly selling foreclosed properties below market value
BInducing homeowners to sell by suggesting that members of a protected class are moving into the neighborhood✓ Correct
CBuying multiple properties to control a neighborhood's housing supply
DRefusing to show properties in certain zip codes
Explanation
Blockbusting is the illegal practice of inducing panic selling by telling homeowners that the character of the neighborhood is changing due to the influx of a protected group, thereby profiting from the resulting price decline.
Related California Fair Housing Questions
- A lender denies a mortgage application from a qualified applicant in a neighborhood that is predominantly Hispanic. This may be evidence of:
- Under the Fair Housing Act, are 'housing for older persons' (senior housing) communities exempt from the familial status prohibition?
- The Civil Rights Act of 1866 prohibits discrimination in property transactions based on:
- What is 'blockbusting' (panic selling)?
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- Redlining in real estate refers to:
- Which of the following is NOT a protected class under the federal Fair Housing Act?
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