New York License Law
In New York, a licensee who engages in 'blockbusting' (panic selling) may face:
AOnly a civil penalty of $500
BLicense revocation or suspension, civil liability under fair housing laws, and potential criminal liability✓ Correct
CA mandatory continuing education requirement
DA warning letter only for a first offense
Explanation
Blockbusting (panic selling) is both a fair housing violation and grounds for license discipline in New York. A licensee who engages in this practice may face license revocation or suspension by the DOS, civil liability under federal and state fair housing laws, and potential criminal liability.
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Key Terms to Know
Blockbusting
An illegal practice of inducing homeowners to sell by claiming that the entry of minority groups will lower property values.
Fair Housing ActFederal law prohibiting discrimination in the sale, rental, or financing of housing based on race, color, national origin, religion, sex, disability, and familial status.
State-Specific Concepts
Continuing Education
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