Which of the following actions is an example of blockbusting?
Asked by: Tyreek Schuppe | Last update: April 20, 2023Score: 4.3/5 (55 votes)
discriminatory misrepresentation. Which of the following is an example of blockbusting? An agent persuades a family to put their house on the market because ethnic minority families are beginning to move into the neighborhood.
Which of these is an example of blockbusting?
An example of blockbusting would be a real estate agent hiring a Black woman to walk her dog in an all-White neighborhood. They then place their real estate card in all the mailboxes on the block, offering to buy the house right away at a discounted price.
What is blockbusting in real estate terms?
Definition of blockbusting
: profiteering by inducing property owners to sell hastily and often at a loss by appeals to fears of depressed values because of threatened minority encroachment and then reselling at inflated prices.
What is blockbusting in lending?
Blockbusting was a business practice in which real estate agents and building developers convinced white residents in a particular area to sell their property at below-market prices.
What is steering and blockbusting in real estate?
Steering is directing buyers based on their class. Redlining is generally the discrimination of buyers by the lending industry. Blockbusting is when an agent convinces people in a neighborhood to sell their house because the socioeconomics of the community is negatively changing.
What Is Blockbusting? [Actual Example] || Real Estate Explained #154
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.
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 blockbusting in human geography?
Blockbusting: A process by which real estate agents convince white property owners to sell their houses at low prices because of fear that black families will soon move into the neighborhood.
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.
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.
What is another term for blockbusting?
Record breaking. Highly popular with consumers purchasing goods within a specific class. Adjective. ▲ Record breaking.
Is blockbusting and panic selling the same?
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 steering in real estate?
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.
Which broker action is an example of blockbusting quizlet?
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 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.
What is the correct term or phrase for encouraging the panic selling of homes at below their market value?
Blockbusting is the term for encouraging the panic selling of homes at below their market value. You just studied 60 terms!
What causes panic selling?
Panic selling occurs when a stock price rapidly declines on high volume. This often happens when some event forces investors to re-evaluate the stock's intrinsic value, or when short-term traders are able to force the stock price down far enough to trigger long-term stop-losses.
What is another name for panic selling?
•Other relevant words: (noun)
peddle, saleable, salable.
What is the meaning of panic peddling?
Panic peddling refers to a profitable ploy by unscrupulous real estate agents who suggest to homeowners that they move before their property values decline because the neighborhood`s racial composition is changing.
What are Shatterbelts in AP Human Geography?
A region of persistent political fragmentation due to devolution and centrifugal forces. The term has been applied by political geographers to a number of places since the SecondWorldWar, especially East Central Europe, but also SoutheastAsia, the Middle East, and Africa.
What is redlining and blockbusting AP Human Geography?
Redlining. A process by which banks draw lines on a map and refuse to lend money to purchase or improve property within the boundaries. Blockbusting. A predatory practice where real estate agents convince white owners to move out of a neighborhood by using racist tactics.
What was a consequence of blockbusting in North America cities?
High birth rates, high death rates, and low rates of population growth.
Which of the following illegal practices restricts through words or actions where a person should look for properties based on discriminatory factors?
- Redlining is the discriminatory practice of denying services (typically financial) to residents of certain areas based on their race or ethnicity.
- Under fair lending laws, these factors cannot be used for making lending or underwriting decisions.
What is price fixing in real estate?
Price fixing is the practice of multiple (or all) real estate agents in an area working together to charge the same commission between brokerages.
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.