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PSI Real Estate Exam: Practice of Real Estate 100% Accurate

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Annual Percentage Rate (APR) - ANSWER The total cost of financing a loan in percentage terms, as a relationship of the total finance charges to the total amount financed. Blockbusting - ANSWER The illegal practice of inducing owners to sell their homes (often at a deflated price) by suggesting that the ethnic or racial composition of the neighborhood is changing, with the implication that property values will decline as a result. Also called panic selling. Discrimination - ANSWER Treating people unequally because of their race, religion, sex, national origin, age, or some other characteristic of a protected class, in violation of civil rights laws. Equal Credit Opportunity Act (ECOA) - ANSWER Federal law that prohibits discrimination in granting credit to people based on sex, age, marital status, race, color, religion, national origin or receipt of public assistance

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  • psi real estate exam
  • psi real estate exam practice of real estate 100
  • annual percentage rate apr answer the total c
  • blockbusting answer the illegal practice of indu

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