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Chapter 11 Mass Real Estate

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Term
Definition
Accrued   show
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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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Book Value   show
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Federal Civil Rights Act-1866   show
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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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show A group of people under fair housing legislation, that have been identified as receiving protection under the law. Usually because they have specifically experienced discrimination.  
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Redlining   show
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Steering   show
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show The number of years a thing will last before needing replacement.  
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