Fair Housing
Under the Fair Housing Act, an advertisement for a rental property that says 'ideal for young professionals' would be:
APermissible as it is merely describing the neighborhood
BPotentially discriminatory because 'young' implies a preference based on age, a protected class under the Illinois Human Rights Act✓ Correct
CPermissible because it does not mention race, religion, or national origin
DRequired to be approved by HUD before publication
Explanation
Advertising language that expresses a preference based on a protected class characteristic violates fair housing laws. 'Young' implies a preference based on age (protected under the Illinois Human Rights Act).
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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.
Net Operating Income (NOI)The annual income generated by an income-producing property after subtracting operating expenses, but before debt service.
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.
Math Concepts
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