Fair Housing
Steering in real estate means:
ADirecting buyers toward or away from certain neighborhoods based on protected class characteristics✓ Correct
BAdvising buyers on the best school districts
CRecommending properties within a buyer's budget
DShowing only newly listed properties first
Explanation
Steering is an illegal fair housing practice that involves directing or discouraging buyers or renters toward or away from certain neighborhoods based on protected class characteristics such as race or national origin.
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Key Terms to Know
Steering
An 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.
Fair Housing ActFederal law prohibiting discrimination in the sale, rental, or financing of housing based on race, color, national origin, religion, sex, disability, and familial status.
RedliningAn 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.
BlockbustingAn illegal practice of inducing homeowners to sell by claiming that the entry of minority groups will lower property values.
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