Fair Housing
What is the National Association of Realtors' Code of Ethics and how does it relate to fair housing?
AIt has no fair housing provisions
BNAR's Code of Ethics requires Realtors to provide equal professional service regardless of protected class characteristics✓ Correct
CIt only applies to members in certain states
DIt supersedes federal fair housing law
Explanation
NAR's Code of Ethics (Article 10) prohibits Realtors from denying equal professional services based on race, color, religion, sex, handicap, familial status, national origin, sexual orientation, or gender identity. It applies to all NAR members.
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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.
RedliningAn illegal practice where lenders or insurers deny services or charge higher rates in certain neighborhoods based on the racial or ethnic composition of those areas.
Community PropertyIn community property states, most property acquired during marriage is owned equally by both spouses, regardless of who paid for it.
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