Chapter 11 Mass Real Estate
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
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show | Items that have been accumulated over time. Such as depreciation or taxes.
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show | The practice of attempting to influence one to sell or rent with threats, that persons of a particular protected class are entering the neighborhood.
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show | Value remaining after depreciation. Original cost less accrued depreciation.
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show | The first of three major pieces of legislation, that affects fair housing and prohibits any discrimination, including housing, when that discrimination is based on race.
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show | Federal law know as Title VIII, that addresses discrimination in matters of housing including protected classes, prohibited practices, new construction, financing, providing brokerage services, and appraisal reports.
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Mass Commission Against Discrimination (MCAD) | show 🗑
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show | Mass. state law, that addresses discrimination in matters of housing. Covers similar areas as Federal Title VIII, but goes much further in who is protected under the law. More protected classes.
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show | One of a number of Private Mortgage Insurance (PMI) companies that privately insure a portion of the mortgage risk, when a lending institution is not willing to assume it (typical with down payments of less than 20%).
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Protected Class | show 🗑
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Redlining | show 🗑
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show | The attempt to influence buyers, by showing members of a protected class a property in neighborhoods, made up predominately of the same protected class, while not showing properties and other neighborhoods.
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show | The number of years a thing will last before needing replacement.
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