Which of the following best describes 'blockbusting' as defined under fair housing laws?
Why Inducing homeowners to sell by suggesting that protected-class members are moving into the neighborhood and will lower property values Is Correct
Answer B: Inducing homeowners to sell by suggesting that protected-class members are moving into the neighborhood and will lower property values
Key Colorado License Law Terms in This Question
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Key Terms to Know
An illegal practice of inducing homeowners to sell by claiming that the entry of minority groups will lower property values.
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.
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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