Fair Housing
Redlining in real estate refers to the illegal practice of:
ASetting boundaries for a subdivision
BRefusing to provide loans or insurance to properties in certain minority neighborhoods✓ Correct
CHighlighting property lines on a plat map
DMarking properties with liens for tax delinquency
Explanation
Redlining is the discriminatory practice of refusing to provide loans, insurance, or other financial services based on the racial or ethnic composition of a neighborhood, rather than the creditworthiness of the applicant.
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- A real estate appraiser in Indiana who bases value adjustments on the racial or ethnic composition of a neighborhood is engaged in:Fair Housing
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- Steering is the illegal practice of:Fair Housing
Key Terms to Know
Redlining
An 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.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
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.
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