Fair Housing
A Rhode Island lender refuses to make mortgage loans in a predominantly minority neighborhood regardless of individual borrowers' creditworthiness. This illegal practice is known as:
ASteering
BBlockbusting
CRedlining✓ Correct
DPanic peddling
Explanation
Redlining is the illegal practice of refusing to make loans or provide financial services in certain geographic areas based on the racial or ethnic composition of those areas, violating the Fair Housing Act and the Equal Credit Opportunity Act.
Related Rhode Island Fair Housing Questions
- Rhode Island's fair housing law protects which class NOT explicitly covered by the federal Fair Housing Act?
- A Rhode Island real estate agent steers a minority buyer away from a predominantly white neighborhood toward a minority neighborhood. This practice is called:
- A bank refuses to make mortgage loans in a specific Providence neighborhood based on the racial composition of the area. This practice is called:
- Under the Fair Housing Act, 'familial status' as a protected class protects:
- Under the Fair Housing Act, which of the following properties is generally NOT exempt from fair housing laws?
- A Rhode Island property management company that has a policy of requiring higher credit scores from applicants of a specific national origin is engaging in:
- 'Blockbusting' in Rhode Island refers to:
- Steering in real estate refers to:
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