Business, 11.02.2020 05:58 maxandalexplayz

An agent, broker or lender who are trying to scare owners in a neighborhood into selling their property by suggesting that property values will drop when a protected class moves into the area is an example of what?

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Answer from: davidoj13

Blockbusting

Explanation:

Blockbusting is when real estate agents illegally persuade a home owner that real estate price will fall, buy their property, and sell at higher prices.

This occurred in the United States where white home owners were convinced prices will fall because black people were moving into the neighbourhood. The real estate agents bought properties at cheap prices and sold them at higher prices to black people.

Answer from: Xavier2712

blockbusting

Explanation:

The Fair Housing Act prohibits discrimination based on race, gender, age, color, marital status, disabilities, marital status, religion, or national origin.

Blockbusting is illegal and it happened (hopefully doesn't anymore) when a real estate agent tried to trick white homeowners into selling their houses using the threat that protected classes (generally black minorities) are going to live next to them and literally "invade" their neighborhood. This invasion would result in higher crime rates and a steep decrease in the price of their homes.

Then the same real estate agents would sell vacant houses to minorities at higher prices for the privilege of living in a white neighborhood.

Answer from: Quest

i think you have to let the moderators that you want your old account to be activated.

Answer from: Quest

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

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