A Colorado broker who consistently suggests that buyers of a certain ethnicity should look in specific neighborhoods is practicing:
Why Illegal steering based on race/national origin in violation of the Fair Housing Act Is Correct
Answer B: Illegal steering based on race/national origin in violation of the Fair Housing Act
Exam Tip: Agency
Agency questions are among the most tested on the exam. Focus on the difference between client and customer, and memorize the fiduciary duties (OLD CAR). Watch for questions that try to blur the line between a general agent and a special agent.
Key Agency Terms in This Question
A 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.
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- A Colorado real estate broker shows buyers only homes in certain neighborhoods based on their race. This practice is called:Fair Housing
- Under the Fair Housing Act, a buyer's broker who advises a minority client to look for homes only in certain neighborhoods based on race is violating the law through:Fair Housing
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- Colorado prohibits housing discrimination based on which characteristic that is not in the federal Fair Housing Act?Fair Housing
- Colorado's HOA law requires homeowners associations to provide new buyers with specific documents. This requirement is known as:Property Management
- Which federal law prohibits discriminatory lending practices based on protected class characteristics?Finance
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Key Terms to Know
Federal 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.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
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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