Fair Housing
A lender who charges a higher interest rate to a minority borrower than to a similarly qualified white borrower with no business justification is engaging in:
ABlockbusting
BPredatory lending and potential fair lending violations✓ Correct
CSteering
DRedlining
Explanation
Charging higher rates to minority borrowers without business justification is a form of predatory lending and constitutes illegal discrimination under ECOA and the Fair Housing Act, particularly the disparate treatment doctrine.
Related New York Fair Housing Questions
- Blockbusting (panic peddling) is best described as:
- In New York, a real estate licensee's duty to prospective buyers and renters in fair housing matters includes:
- In New York, a landlord who offers a rental unit to white applicants but tells Black applicants the unit is 'no longer available' is engaging in:
- In New York, a landlord who advertises a rental on social media using language such as 'no kids' or 'adults only' is:
- Redlining is an illegal practice where:
- In New York, 'housing discrimination by algorithm' (e.g., AI-based tenant screening tools that have disparate impact) is:
- A New York property manager who advertises 'English-speaking tenants only' is discriminating based on:
- A housing provider may legally deny an applicant with a disability the right to keep a service animal in a no-pets building if:
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