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Practice Of Real EstateFair HousingMEDIUM

Which term describes the illegal practice of inducing homeowners to sell their properties by suggesting that people of a certain race, national origin, or other protected class are moving into the neighborhood, thereby causing fear of declining property values?

Correct Answer

B) Blockbusting

Blockbusting, also known as panic peddling, is the illegal practice of inducing homeowners to sell by implying that the entry of people from a protected class into the neighborhood will cause property values to decline. This practice violates the federal Fair Housing Act and Montana's Human Rights Act.

Answer Options
A
Redlining
B
Blockbusting
C
Steering
D
Discriminatory appraisal

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Related Topics & Key Terms

Related Topics:

steeringFair Housing Act Section 804(e)panic peddlingMontana Human Rights Act

Key Terms:

blockbustingpanic peddlingFair Housing Actprotected classinducing sale

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Continuing education (CE) refers to the ongoing coursework that licensed real estate professionals must complete during each renewal cycle to maintain an active license. CE ensures agents stay current with changes in laws, regulations, and industry practices.

The National Do Not Call Registry is a federal program administered by the FTC that allows consumers to opt out of receiving unsolicited telemarketing calls, including calls from real estate agents soliciting business.

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