What is an example of blockbusting in real estate?

• hiring black women to be seen pushing baby carriages in white neighborhoods to encourage white fear of devalued property.
• hiring black men to drive through white neighborhoods with their radios blasting.

Which of the following is an example of the illegal practice referred to as blockbusting?

Advertising a property as available to individuals of a particular race. What is an example of blockbusting? An agent persuades a family to put their house on the market because ethic minority families are beginning to move into the neighborhood.

What is blockbusting in real estate quizlet?

blockbusting. An illegal practice in which licensees or others encourage homeowners to sell because of an influx or expected influx of minorities into the area. redlining. The practice of a lender to refuse to lend in a specific area, often based on the minority makeup of the area.

Which is an example of steering?

Steering occurs, for example, when real estate agents do not tell buyers about available properties that meet their criteria, or express views about communities, with the purpose of directing buyers away from or towards certain neighborhoods due to their race or other protected characteristic.

When did blockbusting occur?

Although blockbusting emerged at the beginning of the 20th century, the practice was most pervasive in the decades immediately following World War II. It was ostensibly outlawed with the passage of the Civil Rights Act (Fair Housing Act) of 1968.

What is panic selling in real estate?

Essentially, panic selling in real estate occurs when an investor or homeowner offloads one or multiple properties quickly, and often for less than market value. The panic is often incited by an economic or emotional, wide-spread incident.

What is blockbusting and why is it illegal?

Blockbusting is illegal. It is the process of telling a homeowner that their home's value will decrease because of a shift in their neighborhood's socioeconomic demographic. If you or someone you know believes they have been a victim of housing discrimination, they can file a claim with HUD.

What is blockbusting and redlining?

Blockbusting. An illegal practice in which licensees or others encourage homeowners to sell because of an influx or expected influx of minorities into the area. Redlining. The practice of a lender to refuse to lend in a specific area, often based on the minority makeup of the area.

Is blockbusting and panic selling the same thing?

Blockbusting, which is also known as panic selling and panic peddling, is an illegal racial discrimination practice wherein real estate brokers attempt to change the racial composition of a neighborhood by encouraging listings and sales in a neighborhood.

What is an example of redlining?

While the most well-known examples involve denial of credit and insurance, denial of healthcare and the development of food deserts in minority neighborhoods have also been attributed to redlining in many instances.

Is blockbusting good or bad?

This practice put homebuyers of color in a precarious position, making it difficult to get loans to improve their homes. Landlords in neighborhoods affected by blockbusting reportedly exploited renters by not investing in better living conditions for their new tenants.

What does redlining mean in real estate?

Redlining. Redlining is the practice of denying a creditworthy applicant a loan for housing in a certain neighbor hood even though the applicant may otherwise be eligible for the loan.

What is disparate impact in real estate?

Disparate impact refers to a policy or practice which is neutral on its face, but which disproportionately affects a group of people defined by one of the fair housing laws' protected characteristics, without a legitimate business necessity for the practice, or where there is a less-discriminatory alternative.

What does puffing mean in real estate?

puffing. n. the exaggeration of the good points of a product, a business, real property and the prospects for future rise in value, profits and growth.

Which is an example of steering quizlet?

Which is an example of steering? Steering relates to buyers or renters and is defined as channeling prospective buyers or renters to or away from specific neighborhoods.

What is reverse redlining?

Redlining is the practice of denying credit to particular neighborhoods on a discriminatory basis. The flip side is reverse redlining, the practice of targeting these same communities or protected classes for predatory lending.

Which of these might bring a charge of illegal steering against a licensee?

Which of these might bring a charge of illegal steering against a licensee? Licensees must take care to screen properties only on the basis of clients' expressed housing preferences and without providing information about neighborhood demographics that might bring a charge of steering.

When did blockbusting become illegal?

"Blockbusting" has been illegal since the Fair Housing Act of 1968. Yet racial segregation remains a "defining feature of American cities." "Blockbusting" emerged as a result. Mortgage brokers who had previously served as the gatekeepers of racial segregation became profiteering agents of racial transition.

Is profit a factor in blockbusting?

(b) In establishing a discriminatory housing practice under this section it is not necessary that there was in fact profit as long as profit was a factor for engaging in the blockbusting activity.

What is the meaning of megahit?

Definition of megahit

: something (such as a motion picture) that is extremely successful.