Fair Housing
Redlining in real estate refers to:
AHighlighting properties on a map for a buyer's tour
BThe illegal practice of refusing to make loans or provide insurance in certain neighborhoods based on racial or ethnic composition✓ Correct
CMarking foreclosed properties in red on tax maps
DSetting price ceilings in competitive markets
Explanation
Redlining is the illegal discriminatory practice of refusing to provide mortgage loans, insurance, or other financial services in certain geographic areas based on racial or ethnic demographics.
Related North Carolina Fair Housing Questions
- Under NC law, a real estate broker who assists a seller in discriminatory practices (such as only showing to certain buyers) is:
- A NC mortgage lender who uses different underwriting criteria for borrowers in predominantly minority zip codes has likely engaged in:
- A NC homeowners association that enforces rules differently based on residents' national origin would be violating:
- A landlord has a policy that no children under 12 may live in their apartment complex. This policy most likely violates which protected class under the Fair Housing Act?
- The 1968 Fair Housing Act was passed as part of the:
- A NC senior housing community that qualifies as 'housing for older persons' under the Housing for Older Persons Act (HOPA) may restrict occupancy to persons aged:
- A broker who shows minority buyers homes only in minority-concentrated neighborhoods is engaging in:
- A complaint alleging a violation of the federal Fair Housing Act must be filed with HUD within:
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