A real estate agent in Springfield, Ohio tells a seller, 'You should sell now because Hispanic families are moving into the neighborhood and property values will drop.' This illegal practice is known as:
Correct Answer
B) Blockbusting
Blockbusting (panic peddling) is the illegal practice of inducing property owners to sell by telling them that persons of a protected class are moving into the neighborhood, implying property values will decline. This is prohibited under both federal and Ohio law.
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Price fixing is an illegal antitrust practice in which competing real estate brokerages agree to charge the same commission rates, fees, or other pricing for their services. It is a per se violation of the Sherman Antitrust Act.
Florida brokers are required to maintain transaction records and escrow records for a minimum of five years.
A tie-in arrangement is an illegal antitrust practice in which a seller conditions the purchase of one product or service on the buyer's agreement to purchase a separate product or service.
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A mortgage lender in Ohio consistently charges higher interest rates to borrowers of a particular race, even when their credit profiles are identical. Under Ohio law, a complaint about this practice should be filed with the:
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An Ohio condominium association adopts a rule prohibiting all flags or banners from balconies. A veteran resident complains that this prevents displaying their military service flag. Under Ohio fair housing law, this rule is: