Can real estate agents talk about demographics?

Your real estate agents can’t talk demographics, schools or crime, but there are ways to voice your needs and wants in ways that don’t violate fair housing laws. … The law protects against discrimination based on race, color, national origin, religion, sex, disability or family status.

Can Realtors give demographic information?

In addition to federal and state law, REALTORS® are bound by the REALTOR® Code of Ethics. … The bottom line is that to avoid violating federal and state law, REALTORS® should not provide demographic information concerning any protected class if they are involved in the sale or lease of residential property.

Can realtors talk about race?

Fair housing laws were designed to address discrimination by making it illegal to talk about race. For example, agents cannot specify a preference for a certain race in home listings. They’re also forbidden to answer a buyer’s questions about the demographics of a neighborhood.

What is considered discrimination in real estate?

In the Sale and Rental of Housing:

It is illegal discrimination to take any of the following actions because of race, color, religion, sex, disability, familial status, or national origin: Refuse to rent or sell housing. Refuse to negotiate for housing. Otherwise make housing unavailable.

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Do Realtors have confidentiality?

Under brokerage agency, all real estate professionals at the brokerage are able to freely access the confidential information of every brokerage client. … However, maintaining confidentiality from all other real estate professionals not licensed with the brokerage is still required.

Can a realtor talk about crime?

Real estate agents aren’t allowed to talk about crime data, but the local police blotter or sex offender registry can help you figure out how safe a neighborhood may be.

Can Realtors give opinions?

When customers ask, “How are the schools?” The best thing a REALTOR® can do is guide them to third-party information, so they can make a decision on their own.

What is panic peddling in real estate?

Panic peddling is an illegal real estate practice. Real estate agents make people believe that other individuals, who are members of a minority group, are likely going to buy real property in their neighborhood. … In With this practice, agents use panic peddling for financial gain.

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 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 are the 3 types of real estate?

The Three Types

  • Residential real estate—This does include flipping houses. …
  • Commercial real estate—This is the sort of property where businesses are located. …
  • Industrial real estate—This is the kind of property where industrial “behind the scenes” elements of business get done.
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What are fair housing rights?

It is illegal to discriminate in the sale or rental of housing, including against individuals seeking a mortgage or housing assistance, or in other housing-related activities. The Fair Housing Act prohibits this discrimination because of race, color, national origin, religion, sex, familial status, and disability.

What are HUD violations?

Housing providers who refuse to rent or sell homes to people based on race, color, national origin, religion, sex, familial status, or disability are violating federal law, and HUD will vigorously pursue enforcement actions against them.

How do you deal with an unethical realtor?

If you have a complaint against a licensed real estate agent or business, visit California DRE’s website for details on How To File A Complaint, or call the California DRE Public Information Line at (877) 373-4542.

What must a realtor disclose?

Most states require a seller to disclose issues such as structural problems, damp, insect infestation or fixtures and appliances that don’t work, even if it’s a common practice for buyers to get building inspection reports before making an offer.

What happens if a realtor violates the code of ethics?

NAR Code of Ethics. … If a Realtor violates the code of ethics, a complaint can be filed and disciplinary action is taken by the Realtor’s local Realtor association. In practice, Realtors are required to abide by the Code of Ethics as a way of doing business.