Under Delaware fair housing law, what is 'source of income' as a protected class?
Why The lawful source from which income is derived (wages, Social Security, housing vouchers, etc.), protecting recipients of housing assistance from housing discrimination Is Correct
Answer B: The lawful source from which income is derived (wages, Social Security, housing vouchers, etc.), protecting recipients of housing assistance from housing discrimination
Exam Tip: Fair Housing
Fair Housing questions test both federal (Fair Housing Act of 1968) and state-level protected classes. The federal protected classes are race, color, religion, national origin, sex, familial status, and disability. Many states add additional protections.
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- Which of the following is a protected class under BOTH the federal Fair Housing Act and Delaware state fair housing law?Fair Housing
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- What is 'source of income' discrimination and how does it relate to Delaware fair housing law?Fair Housing
- Concurrent ownership refers to:Property Ownership
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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.
Gross Rent Multiplier (GRM)A quick valuation metric for income properties calculated by dividing the property price by gross annual rental income.
Pre-ApprovalA lender's conditional commitment to loan a specific amount to a borrower, based on verified income, credit, and assets.
Net Operating Income (NOI)The annual income generated by an income-producing property after subtracting operating expenses, but before debt service.
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