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 does steering mean in law?
: the discriminatory practice of showing a prospective home buyer or renter properties only in certain neighborhoods or areas based on a characteristic of the buyer or renter (as race or national origin) real estate agents found to have engaged in illegal racial steering.
What is the concept of steering and give an example?
At the most basic level, a steering system is designed to translate the rotational force of the steering wheel into the movement of your front wheels. Go-karts are a great example of a simple steering system. From the steering wheel, there is a shaft pointing downwards, which links up with a small arm on the bottom.
What is the definition of Blockbusting in real estate?
Block·bust·ing. : profiteering by inducing property owners to sell hastily and often at a loss by appeals to fears of lowered values because of threatened minority encroachment and then reselling at inflated prices. Note: Many states have statutes prohibiting blockbusting by real estate agents.
What are examples of steering in real estate?
Some steering in real estate is plain as day. Steering red flag examples include: Assuming clients want to buy in a neighborhood with people mostly of their same religion or race. Redirecting a buyer from one area to another with “better schools”
What is the difference between 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.
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What is the purpose of steering?
The basic aim of steering is to ensure that the wheels are pointing in the desired directions to move the vehicle as required. This is typically achieved by a series of linkages, rods, pivots and gears.
Frequently Asked Questions
What are the consequences of steering?
Steering has several consequences, including: — Minority homebuyers are left with fewer home options. — Schools and neighborhoods remain segregated. — Homes in Black neighborhoods appreciate at a slower rate.
What are the 3 main techniques of steering?
There are three main types of steering movements: hand-over-hand, hand-to-hand, and one-hand steering.
Which of the following is an example of steering?
Which of the following is an example of steering? Correct. Leading prospective purchasers to or away from certain neighborhoods or locales is steering. Refusing to make loans to persons for properties in certain areas is redlining.
FAQ
- Under what situation does steering occur?
- It occurs when a landlord tries to influence rental prospects' choice in housing based on their protected characteristics. Steering is illegal because it limits prospects' choices and denies them the opportunity to buy or rent the housing they choose.
- What is an example of a real estate agent participating in racial steering?
- Here are a few examples of ways agents can steer their clients. Showing more listings to white homebuyers than minority homebuyers. Assuming clients want to live in neighborhoods predominated by people of their own race, and only showing them homes in those neighborhoods.
- What is the unethical practice of steering?
- Steering refers to the illegal practice of directing a prospective homebuyer toward — or away from — a particular neighborhood or area based on protected characteristics. These characteristics include race, religion and more.
What is steering is mean in real estate
| What is the practice of racial steering? | Racial steering refers to the practice in which real estate brokers guide prospective home buyers towards or away from certain neighborhoods based on their race. |
| What is blockbusting discrimination? | “Blockbusting” refers to the efforts of real-estate agents and real-estate speculators to trigger the turnover of white-owned property and homes to African Americans. |
| What does it mean when an agent is steering? | The term 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. |
- How can you avoid accidentally steering a client to a certain neighborhood?
- Tips to Avoid Steering
- Always be objective when providing information.
- Provide the customer with a number of choices, however, always let the customer make their own choices.
- Do not be afraid to turn away questions from customers.
- Tips to Avoid Steering
- What is an example of steering discrimination?
- What Is an Example of Steering? A blatant example of steering would be when you, as a real estate agent, only show your clients homes in an area that matches their racial makeup.
