Steering is a form of discrimination whereby a real estate professional influences someone’s housing decision based on their race, religion, or another protected characteristic covered by the 1968 Fair Housing Act.
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.
What is steering in regards to real estate?
Steering refers to the illegal practice of directing a prospective homebuyer to or away from a neighborhood based on the presence or absence of protected classes.
Which situation is an example of steering?
Steering is when a real estate agent influences a homebuyer to purchase in certain communities based on their race, therefore limiting the buyer’s choices. Let’s look at a hypothetical example of steering: a white buyer and a Black buyer approach the same real estate agent looking to buy homes.
What is steering in property management?
In the real estate world, “steering” is when an agent or broker tries to guide a buyer to or away from a particular area or neighborhood based on their race or religion. This practice is discriminatory and is an infringement of rights.
Is racial steering illegal?
When Was Racial Steering Made Illegal? The Fair Housing Act of 1968 “prohibits discrimination in the sale, rental, and financing of dwellings, and in other housing-related transactions, because of race, color, religion, sex, familial status, national origin, and disability. … This includes the act of racial steering.
What is the difference between steering and redlining?
Steering is the illegal practice of channeling home seekers to particular areas, either to maintain the homogeneity of an area or to change the character of an area, which limits their choices of where they can live. It is a form of redlining.
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 commingling in real estate?
Commingling refers broadly to the mixing of funds belonging to one party with funds belonging to another party. … Commingling can also be an issue in community property states, which view certain assets acquired during a marriage as being jointly owned by both spouses.
What is steering and blockbusting?
There are various controversial acts related to real estate practices that often infringe upon rights and quickly become illegal. Explore the practices of redlining (discrimination), blockbusting (pressuring to sell cheap), and steering (pushing for race-specific neighborhoods).
What is familial status?
Familial status covers: families with children under the age of 18, pregnant persons, and. any person in the process of securing legal custody of a minor child (including adoptive or foster parents).
What is an antitrust violation in real estate?
An antitrust law designates what activities are not authorized for real estate agents. These include: price fixing – agreeing to charge the same commission between brokerages. bid rigging – when auction buyers work together to lower purchase prices, … group boycotts – avoiding certain buyers or real estate agents.
Which of the following is not a form of steering real estate?
Which of the following actions is NOT a form of steering? (fair housing laws) Attempting to induce members of one race to sell their properties by saying that members of another race are moving into the neighborhood is BLOCKBUSTING, not steering. Blockbusting and steering are both violations of Fair Housing Law.
What is illegal steering?
How to “Steer” Clear of Fair Housing Act Violations. … Steering, or trying to influence somebody toward or away from a particular property or neighborhood based on one of the protected characteristics, is illegal under the Fair Housing Act.
What is the act of steering?
Steering is an unlawful practice and includes any words or actions by a real estate sales representative or Broker that are intended to influence the choice of a prospective buyer or tenant. Steering violates federal fair housing provisions that proscribe discrimination in the sale or rental of housing.