Fair Housing
In Colorado, 'blockbusting' refers to the illegal practice of:
AA. Demolishing old buildings to build new ones
BB. Inducing homeowners to sell by representing that people of a protected class are moving into the neighborhood, causing property values to decline✓ Correct
CC. Refusing to lend in certain neighborhoods
DD. Steering buyers to certain neighborhoods
Explanation
Blockbusting (also called panic selling or panic peddling) is the illegal practice of encouraging homeowners to sell quickly by suggesting that members of a protected class are moving into the neighborhood and that property values will decline. It violates both the federal Fair Housing Act and Colorado's CADA.
Related Colorado Fair Housing Questions
- A Colorado real estate broker 'steers' a Hispanic buyer toward only certain neighborhoods while discouraging them from other areas. This practice is called:
- Under the Fair Housing Act's 'disparate impact' theory, a housing policy is discriminatory if:
- A Colorado real estate broker refuses to show properties to a qualified buyer in a particular neighborhood because of the buyer's race. This is a violation of the Fair Housing Act known as:
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