Fair Housing
A Minnesota landlord posts a rental listing stating 'Perfect for young professionals.' This language potentially violates fair housing laws because it:
ADiscriminates based on familial status and age✓ Correct
BRequires too high an income
CRestricts the type of employment
DLimits the number of occupants
Explanation
Language like 'young professionals' implies age discrimination (familial status and age are protected classes). Under the Fair Housing Act and Minnesota Human Rights Act, advertising cannot indicate a preference based on protected classes.
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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.
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.
Pre-ApprovalA lender's conditional commitment to loan a specific amount to a borrower, based on verified income, credit, and assets.
Gross Rent Multiplier (GRM)A quick valuation metric for income properties calculated by dividing the property price by gross annual rental income.
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