Rhode Island License Law
Rhode Island license law prohibits a licensee from engaging in 'panic peddling.' What is this?
ASelling property below market value due to financial panic
BSoliciting listings by inducing owners to sell out of fear that protected classes are moving into the neighborhood✓ Correct
CRefusing to accept offers in a panic market
DSelling multiple properties simultaneously
Explanation
Panic peddling (blockbusting) is the illegal practice of inducing property owners to sell by playing on fears about the racial or ethnic composition of the neighborhood changing. It violates both the Fair Housing Act and Rhode Island license law.
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