Fair Housing
Blockbusting is best described as:
ARefusing to make loans in certain neighborhoods
BInducing homeowners to sell by suggesting that people of a protected class are moving into the area✓ Correct
CRequiring all-cash offers in minority neighborhoods
DListing properties below market value to generate multiple offers
Explanation
Blockbusting (panic selling) is the illegal practice of inducing owners to sell their homes by suggesting the entry of protected-class individuals will lower property values, then profiting from the sales.
Related Nevada Fair Housing Questions
- Which Nevada statute addresses fair housing at the state level?
- Which protected class is covered under Nevada state fair housing law but NOT under the federal Fair Housing Act?
- What is the 'Mrs. Murphy' exemption under the federal Fair Housing Act?
- What is 'housing counseling' and who provides it in Nevada?
- Steering in real estate is the illegal practice of:
- What is an insurance company's fair housing obligation under the Fair Housing Act in Nevada?
- What is a 'testers' program in fair housing enforcement?
- Under Nevada and federal fair housing law, a landlord may legally refuse to rent to an applicant based on which of the following?
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