The illegal practice of attempting to profit by inducing panic selling by property owners at prices below value, especially by exploiting racial prejudices and making representations about the entry or prospective entry of persons of a certain race or national origin into the neighborhood.
The attempt to induce someone to sell their home because someone from a protected class is rumored to be moving into the neighborhood. The classic example of this would be a real estate agent passing out her card to neighbors while telling them that a minority family is moving in down the block and they should sell now before the neighborhood gets any worse. This is illegal.
The illegal act of inducing homeowners to sell their homes or properties by representing that persons of another race are entering the neighborhood.
An illegal and discriminatory practice whereby one person induces another to enter into a real estate transaction from which the first person may benefit financially by representing that a change may occur in the neighborhood with respect to race, sex, religion, color, handicap famial status or ancestry of the occupants, a change possibly resulting in the lowering of the property values, a decline in the quality of schools or an increase in the crime rate. Also called panic selling or panic peddling.
The illegal act of engaging in blockbusting, by encouraging a party to sell on the grounds that the value of the property will decrease due to the presence of persons normally protected under equal opportunity laws.
The illegal practice of trying to lower property values. Back to the Top
A racially discriminatory and illegal practice of coercing a party to sell a home to someone of a minority race or ethnic background, then using scare tactics to cause others in the neighborhood to sell at depressed prices.
For profit, to induce or attempt to induce any person to sell or rent any dwelling by representations regarding the entry or prospective entry into the neighborhood of a person or persons of a particular race, color, religion, sex, or national origin.
The illegal practice of inducing homeowners to sell their properties by making representations regarding the entry or prospective entry of persons of a particular race or national origin into the neighborhood.
The illegal practice of inducing panic selling in a neighborhood by making representations of the entry, or prospective entry, of members of a minority group
Also known as Panic Selling or Panic Peddling; it is a violation of both State and Federal Law and occurs when an agent is attempting to influence people to sell by informing them that members of another race or ethnic group will be moving into their neighborhood.
Blockbusting is a practice used mostly by real estate agents and developers to encourage property owners to sell by giving the impression that a neighborhood is changing.
