Fair Housing
A real estate agent who refuses to accept a listing from a seller because the seller has indicated intent to discriminate should:
AAccept the listing and ignore the seller's statement
BDecline the listing and explain that the agent cannot participate in discriminatory practices✓ Correct
CAccept the listing but market only to preferred buyers
DReport only to GREC
Explanation
A real estate agent cannot assist a seller in implementing discriminatory policies. If a seller indicates discriminatory intent, the agent should decline the listing.
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Key Terms to Know
Fair Housing Act
Federal law prohibiting discrimination in the sale, rental, or financing of housing based on race, color, national origin, religion, sex, disability, and familial status.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
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.
BlockbustingAn illegal practice of inducing homeowners to sell by claiming that the entry of minority groups will lower property values.
State-Specific Concepts
GREC Regulation
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