Fair Housing
Under the Fair Housing Act, what is the maximum civil penalty for a first violation by a real estate professional in a case brought by HUD?
AUp to $16,000
BUp to $21,410✓ Correct
CUp to $50,000
DUp to $100,000
Explanation
HUD can impose civil money penalties for fair housing violations; for a first offense, the penalty can be up to approximately $21,410 (amounts are adjusted periodically for inflation).
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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.
BlockbustingAn illegal practice of inducing homeowners to sell by claiming that the entry of minority groups will lower property values.
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.
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