Fair Housing

What is 'blockbusting' and why is it illegal in Nevada?

AA technique used by developers to acquire blocks of properties for redevelopment
BThe illegal practice of inducing property owners to sell by suggesting that persons of a protected class are moving into the neighborhood, which will decrease property values✓ Correct
CA fair housing violation where entire apartment complexes are blocked from sale
DA Nevada HOA rule prohibiting large commercial vehicles in residential areas

Explanation

Blockbusting (panic selling/panic peddling) involves inducing sellers to list their properties by making representations that minority group members (or others of a protected class) are moving into the neighborhood and property values will decline. This violates the Fair Housing Act and Nevada law. The practice exploits racial fears to profit from rapid property turnover. Blockbusting is a serious federal and state fair housing violation.

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