Fair Housing
Under the Fair Housing Act, a North Dakota condominium association may refuse to rent or sell to a qualified buyer based on their race:
AYes, if the HOA has a majority vote
BNo, the Fair Housing Act covers condominiums and HOAs✓ Correct
CYes, if it is a small association with fewer than 10 units
DOnly if the condo was built before 1968
Explanation
The Fair Housing Act covers condominiums, cooperatives, and HOA-governed communities. Associations cannot discriminate in the sale, rental, or terms of occupancy based on race or other protected classes.
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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.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Gross Rent Multiplier (GRM)A quick valuation metric for income properties calculated by dividing the property price by gross annual rental income.
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