Fair Housing
Redlining in real estate finance refers to:
AA lender offering special low rates in a specific area
BRefusing to make loans or provide insurance in certain geographic areas based on racial or ethnic composition✓ Correct
CThe process of marking property boundaries on a survey
DHighlighting foreclosure properties on a map for marketing
Explanation
Redlining is the illegal practice of refusing to make loans or provide insurance in certain neighborhoods based on the racial or ethnic composition of those areas, violating the Fair Housing Act and ECOA.
Related Ohio Fair Housing Questions
- What is the role of HUD (Department of Housing and Urban Development) in fair housing enforcement?
- Under the Fair Housing Act, which of the following is a lawful basis for denying a rental application?
- Steering in real estate is best described as:
- What does the Ohio Fair Housing law (ORC 4112) add beyond federal protections?
- Which of the following is an example of illegal discrimination under Ohio fair housing law?
- Ohio has fair housing regional offices that handle complaints. Where can an Ohio resident file a state fair housing complaint?
- A real estate agent in Ohio who only shows buyers listings in neighborhoods that match the buyers' apparent race or ethnicity is engaged in:
- Under the Fair Housing Act, which of the following is TRUE about 'harassment' as a form of housing discrimination?
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