Fair Housing
Under the Wisconsin Open Housing Act, 'source of income' as a protected class means a landlord cannot refuse to rent because a tenant pays with:
APersonal checks
BSection 8 housing vouchers or other lawful income sources✓ Correct
CCash only
DCryptocurrency
Explanation
Wisconsin's Open Housing Act includes 'lawful source of income' as a protected class, meaning landlords cannot refuse to rent to tenants who use Section 8 vouchers or other lawful income sources.
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Key Terms to Know
Gross Rent Multiplier (GRM)
A quick valuation metric for income properties calculated by dividing the property price by gross annual rental income.
Fair Housing ActFederal 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.
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