Practice Of Real EstateFair_housingMEDIUM
An insurance company charges higher premiums for homeowner's insurance in certain ZIP codes that have predominantly minority populations, even though the actual risk factors do not justify the higher rates. What unlawful practice does this describe?
Correct Answer
B) Redlining in housing services
Charging higher rates or denying insurance in areas based on the racial or ethnic composition of the neighborhood, rather than legitimate risk factors, is redlining in housing services.
Answer Options
A
SteeringB
Redlining in housing servicesC
BlockbustingD
Reasonable accommodationWhy This Is the Correct Answer
Sign up free to unlock full analysis
Why the Other Options Are Wrong
Sign up free to unlock full analysis
Deep Analysis of This Practice Of Real Estate Question
Sign up free to unlock full analysis
Background Knowledge for Practice Of Real Estate
Sign up free to unlock full analysis
Sign up free to unlock full analysis
Real World Application in Practice Of Real Estate
Sign up free to unlock full analysis
Related Topics & Key Terms
Key Terms:
fair_housingpracticeredlininginsurance
Was this explanation helpful?
More Practice Of Real Estate Questions
Rhode Island Real Estate Law mandates E&O insurance. What is its purpose?
Fair housing complaints in WV can be filed with:
How many members serve on the New Mexico Real Estate Commission (NMREC)?
Nevada law requires purchase agreement copies be kept for at least:
For a month-to-month tenancy to be legally valid, which must the contract include?
- → A WV licensee violating fair housing may face:
- → Is commingling legal in Hawaii?
- → In NYC, a security deposit for residential rentals cannot exceed:
- → A 55+ community in Florida must have at least what percentage of units with a resident 55 or older?
- → Under Florida fair housing law, advertising that states 'near church' is:
- → In Florida, a landlord must return security deposit within:
- → How many hours of CE are required for Hawaii salespersons?
- → Alaska fair housing law adds which protected classes beyond federal law?
- → Delaware has license reciprocity with which states?
- → How long are terms for NH Real Estate Commission members?