Which of these is an example of blockbusting?
Asked by: Daija Cruickshank MD | Last update: August 12, 2022Score: 4.1/5 (8 votes)
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.
Which of the following actions is an example of blockbusting?
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.
What does blockbusting mean in real estate?
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 geography?
Updated on October 28, 2019. Blockbusting is the practice of real estate brokers convincing homeowners to sell their houses for low prices for fear that a neighborhood's socioeconomic demographics are changing and will decrease home values.
Why did blockbusting happen?
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. This was achieved by fearmongering the homeowners, telling them that racial minorities would soon be moving into their neighborhoods.
What Is Blockbusting? [Actual Example] || Real Estate Explained #154
How did blockbusting work?
Blockbusting is a method of manipulating homeowners to sell or rent their homes at a lower price by falsely convincing them that the neighborhood's socioeconomic demographic is changing because of new groups of people moving in and that this shift will affect the value of their home.
What is an example of blockbusting in AP Human Geography?
Example: Rwanda. Quizlet.com. 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 blockbusting sociology?
Blockbusting refers to the practice of introducing African American homeowners into previously all white neighborhoods in order to spark rapid white flight and housing price decline. Real estate speculators have historically used this technique to profit from prejudice-driven market instability.
When did blockbusting happen?
Blockbusting was a real estate practice that took place in the US during the late 20th century, particularly after the end of World War II. This practice was triggered first by the 1917 Supreme Court decision in Buchanan vs. Warley, which made racially segregating residential laws illegal.
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 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.
What is the difference between blockbusting and steering?
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.
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 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.
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.
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 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 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 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 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 was a consequence of blockbusting in North America cities?
High birth rates, high death rates, and low rates of population growth.
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 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 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.