Discrimination
Definition of "Discrimination"
Unequal treatment and denial of opportunity to individuals based on race, color, creed, nationality, age, or sex. The Civil Rights Acts passed by the U.S. Congress included those of 1866, 1870, 1871, 1875, 1964, and 1968. The first two acts gave blacks the rights to be treated as citizens in legal actions, particularly to sue and be sued and to own property. The Civil Rights Act of 1964 prohibited discrimination in employment and established the Equal Employment Opportunity Commission. This landmark legislation also banned discrimination in public accommodations connected with interstate commerce, including restaurants, hotels, and theaters. The Federal Fair Housing Act of 1968, included as Title VII of the Civil Rights Act of 1968, prohibited discrimination in the sale or rental of residential housing. See also affirmative action: civil rights laws.
Popular Real Estate Terms
Business property, such as and office building, retail stores, medical center, or hotel, that operates with a profit. A risk/return relationship exists in commercial property. The return is ...
Extended area of land commonly held for subdividing and development into residential units. ...
Latin term meaning let the buyer beware. The buyer purchases at his or her risk, in the absence of fraud. This does not obligate the seller to volunteer information. However, legal statutes ...
Unexpected increase in the price of property not due to any effort on the owner's part. An example is when the appraised value of a house increases because of a population increase in the ...
Two or more authorized brokers who agree to cooperate together representing a principal for the completion of a real property sale. ...
Income for investors arising from net long-term profits of a real estate mutual fund realized when the portfolio is sold at a gain. Fund managers pass on profits from sales of real estate ...
Governmentally held records of public transactions giving constructive notice that documentation exists confirming the transaction. ...
High quality, premium wood to be used in construction such as for home building. ...
An acre is defined as a land unit that is commonly used in the US customary and imperial systems of 66 by 660 feet (one chain by one furlong). An acre is a measure of volume used in many ...
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