Oregon Real Estate Practice Test 2026 – Your All-in-One Guide to Exam Success!

The Fair Housing Act is significant in real estate transactions because it establishes a legal framework that prohibits discrimination on the basis of certain protected characteristics such as race, color, national origin, religion, sex, familial status, and disability. This means that in all aspects of real estate, including renting, buying, and financing homes, individuals cannot be treated unfairly or denied opportunities based on these factors.

The Act was enacted to ensure that all individuals have equal access to housing and is a crucial component in promoting fair practices within the housing market. By enforcing these anti-discrimination measures, the Fair Housing Act seeks to combat segregation and discrimination, creating a more equitable environment for all individuals seeking housing.

The other options presented do not align with the primary purpose of the Fair Housing Act. Regulating the pricing of rental units, governing only commercial real estate transactions, or allowing for tax breaks on property sales are outside the scope of what the Fair Housing Act addresses, which firmly centers around preventing discrimination in housing.