Chapter 17

Question 1

5 Basic Fair Housing Laws

Answer 1

1. may not discriminate on basis of race, color, religion, sex, handicap, familial status, or national origin
2. may not disclose info regarding race, religious, or ethnic composition of any neighborhood
3. shall not induce panic selling
4. shall not advertise indicating any type of discriminatory preference
5. members who violate the code are subject to disciplinary action

Question 2

Federal exemptions to fair housing

Answer 2

• owner-occupied two-unit dwelling
• single-family housing sold without use of licensee
• housing operated by orgs. and private clubs that limit occupancy to members

Question 3

Exemptions on a single-family home

Answer 3

• individual doesn’t own more than 3 homes at one time
• licensee is not involved in transaction
• discriminatory advertising is not used

Question 4

Megan’s Law

Answer 4

promotes the establishment of state registration systems to maintain residential info on every person who commits a child or sex related offense

Question 5

Equal Credit Opportunity Act

Answer 5

prohibits discrimination in the lending process based on race, color, religion, national origin, sex, marital status, or age or the receipt or public assistance in the granting or credit

Question 6

Blockbusting

Answer 6

aka panic selling
the unlawful act of encouraging people to sell or rent their homes by claiming that the entry or prospective entry of a protected class of people into the neighborhood will have some sort of negative impact on property values

Question 7

Steering

Answer 7

the channeling of homeseekers to particular neighborhoods or by discouraging potential buyers from considering some areas

Question 8

Redlining

Answer 8

the practice of refusing to make mortgage loans or issue insurance policies in specific areas for reasons other than the economic qualifications of the applicants