Fair Housing
Source of lawful income as a protected class in NJ's Law Against Discrimination means a landlord cannot refuse to rent to a tenant because they:
AHave a criminal record
BReceive housing vouchers (Section 8) or other lawful income sources✓ Correct
CAre unemployed
DHave low credit scores
Explanation
NJ's LAD prohibits discrimination based on source of lawful income, which includes housing assistance vouchers, Social Security, and other legal income sources.
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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.
Math Concepts
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