Fair Housing
In South Carolina, 'blockbusting' (also called panic selling) refers to:
AAdvertising properties in multiple neighborhoods simultaneously
BInducing homeowners to sell by suggesting that persons of a protected class are moving into the neighborhood✓ Correct
CBlocking a sale to prevent integration
DOffering below-market prices to distressed sellers
Explanation
Blockbusting is an illegal practice of inducing owners to sell by implying that property values will decline because members of a protected class (usually based on race) are moving into the neighborhood. It exploits fear to generate real estate commissions.
Related South Carolina Fair Housing Questions
- Under the Fair Housing Act, an advertisement for a South Carolina rental property may NOT include:
- Under the Fair Housing Act, which exemption allows an owner of a single-family home to sell without a broker without complying with all fair housing provisions?
- A lender that refuses to make loans in certain geographic areas based on the racial composition of those areas is engaging in:
- Which of the following is NOT a protected class under the federal Fair Housing Act?
- A South Carolina landlord who accepts a service animal for a tenant with a disability under the Fair Housing Act:
- A South Carolina real estate agent who only shows properties in certain zip codes to buyers of a specific national origin is engaging in:
- A South Carolina agent who 'testers' (HUD's fair housing testing) could be caught in:
- In South Carolina, what is 'redlining'?
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