A real estate appraiser in Ohio provides a lower property valuation for a home in a predominantly African American neighborhood compared to similar homes in predominantly white neighborhoods. Under ORC 4112, this practice could constitute:
Correct Answer
A) Racial discrimination in residential real estate-related transactions
Under the Ohio Civil Rights Act and the federal Fair Housing Act, appraisal practices that result in lower valuations based on the racial composition of a neighborhood constitute racial discrimination in residential real estate-related transactions. This is a form of discrimination that is prohibited under ORC 4112.02(H).
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Market allocation is an illegal antitrust practice in which competing real estate brokerages agree to divide markets among themselves by geographic area, property type, or price range, thereby eliminating competition.
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.
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Previous Question
An Ohio homeowner sells their home without using a real estate agent or broker. During negotiations, the seller refuses to sell to the buyer because of the buyer's disability. Under the Ohio Civil Rights Act, is the seller subject to fair housing liability?
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Under the Ohio Civil Rights Act, the OCRC's investigation of a housing discrimination complaint typically begins with: