PSI Real Estate Exam: Practice of Real

Estate (2022/2023) Graded A

Annual Percentage Rate (APR) ✔✔The total cost of financing a loan in percentage terms, as a

relationship of the total finance charges to the total amount financed.

Blockbusting ✔✔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 ✔✔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) ✔✔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.

Familial Status ✔✔A protected group under the Federal Fair Housing Act and Ohio Civil Rights

Law, making it illegal to discriminate against a person because he or she is the parent or guardian

of a child under 18 years of age.