Fair Housing
Maryland's fair housing law covers which types of transactions?
AOnly the sale and rental of single-family homes
BThe sale, rental, and financing of housing, as well as brokerage services✓ Correct
COnly commercial real estate
DOnly new construction
Explanation
Maryland's Fair Housing Act covers a broad range of housing-related transactions: sale, rental, financing, appraisal, advertising, brokerage services, and insurance.
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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.
AppraisalA professional estimate of a property's market value prepared by a licensed or certified appraiser.
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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