Fair Housing
Wisconsin's Open Housing Act covers which types of housing transactions?
AOnly residential sales and rentals
BSales, rentals, financing, and terms and conditions of real estate transactions✓ Correct
COnly mortgage lending
DOnly publicly subsidized housing
Explanation
Wisconsin's Open Housing Act prohibits discrimination in all phases of housing transactions, including sales, rentals, financing terms, and other conditions related to real estate.
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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.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
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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