Question

Federal legislation has impacted all facets of the real estate industry to include fair housing laws, fair credit legislation and protection of civil rights. What is/are the primary law(s)/sources of the law that gives Congress the power to pass federal legislation dealing with fair housing? What, in your opinion, is the most significant piece of federal legislation impacting housing and the real estate industry? Why do you hold that opinion?

Answer 1

answer-

The constitution is the source law that gives congress the power to pass fedebral legislation dealing with fair housing. The article 1 of section 1 of constitution state " All legislative Powers herein granted shall be vested in a Congress of the United States, which shall consist of a Senate and House of Representatives."

The constitution of the US allows to have power to make laws after both senate and house of representative approve it.

In my opinion, The most significant piece of federal legislation impacting housing and real estate industry is Fair housing act. This law is significant because it prohibits any kind of discrimination in buying, selling, renting and financing based on race, skin color, sex, nationality, religion, disability, or any other characteristics from a protected class.

If any person or organization refused to grant house on sell or rent based on person's color, race, religion etc like factors then they violate the federal law and penalized under 42 U.S.C. 3631.

This law ensure that every us citizen have shelter or place to live without any discrimination.