Fair Housing
Maine's law on accessibility in housing covers both sale and rental properties. A developer building new condominiums must comply with accessible design requirements for units:
AOnly on the ground floor
BIn buildings with 4 or more units where a building elevator exists (all units) or ground floor units in non-elevator buildings✓ Correct
COnly handicapped-designated units
DAll units in buildings of any size
Explanation
Under the Fair Housing Act's design and construction requirements, in multi-family buildings of 4+ units with an elevator, all units must meet accessibility requirements. In buildings without an elevator, only ground-floor units must comply.
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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.
Gross Rent Multiplier (GRM)A quick valuation metric for income properties calculated by dividing the property price by gross annual rental income.
Comparable Sales (Comps)Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
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.
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