Study guide chapter 7

Question 1

Blockbusting:

Answer 1

Applicable to Sellers. The illegal practice of inducing homeowners to list and sell their properties by telling them minorities are moving into their neighborhoods and as a consequence will lose value/equity. (pg 116)

Question 2

Steering

Answer 2

Steering is channeling a buyer into or out of a neighborhood due to race, color, religion or national origin. (pg 116)

Question 3

Redlining:

Answer 3

When a lender refuses to provide loans in an area due to the influx of minorities or on the basis of race, color or religion. (pg 116)

Question 4

ADA:

Answer 4

American with Disabilities Act provides that landlords of existing proper es (built after its enactment) must make all necessary modifications of their properties to bring
them into compliance when economically feasible (NOT WITHOUT REGARD TO COST) (pg
119)

Question 5

Surety Bond:

Answer 5

When a landlord wishes to commingle security deposits with other funds
of the landlord (i.e. Investment funds), the landlord must post a surety bond as a means to protect the funds. (pg 122)