Fair Housing
A Kentucky condo association rules require all owners to be at least 55 years of age. This is a valid exception to fair housing age discrimination if:
AAt least 80% of occupied units have at least one person 55 or older✓ Correct
B100% of units are occupied by persons 62 or older
CThe association was established before 1968
DAll current residents vote to maintain the age restriction
Explanation
Under the Housing for Older Persons Act (HOPA), the 55+ exemption requires: at least 80% of occupied units have one resident 55+, the community publishes and follows policies demonstrating intent to be 55+ housing, and it complies with HUD requirements.
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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.
Earnest MoneyA deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
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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