To: Hydroshock
"Real estate agents say to me 'We're not redlining you, but I tell my clients to think twice about buying here.'"If he/she uses those words, their real estate license should be in jeopardy.
10 posted on
11/13/2007 12:10:42 PM PST by
DCPatriot
("It aint what you don't know that kills you. It's what you know that aint so" Theodore Sturgeon))
To: DCPatriot
You are absolutely correct.
And a fed or so may be very interested.
To: DCPatriot
If the agent is a buyer’s broker/agent and there is no racial bias involved (e.g., the neighborhood is not predominantly black or, if it is, the client is black), I don’t see anything wrong with the agent’s advice. In fact, I would walk away from any agent who didn’t steer me away from a troubled neighborhood. Anyway, redlining refers to the practice of mortgage lenders refusing to issue mortgages to certain neighborhoods or areas because of the racial mix. It is not against the law to refuse to lend money to buy a property that the lender thinks may decline in value, thus jeopardizing the collateral.
To: DCPatriot
>>If he/she uses those words, their real estate license should be in jeopardy.<<
Yep.
My motto:
Never write what you can say.
Never say what you can whisper.
Never whisper what you can nod.
Never nod what you can wink.
Never wink what you can smile.
I think the agent should have just smiled in this case.
23 posted on
11/13/2007 1:50:37 PM PST by
RobRoy
(Islam is a greater threat to the world today than Nazism was in 1938.)
To: DCPatriot
Can you explain to me why a real estate agent telling their client that a neighborhood is bad is wrong?
24 posted on
11/13/2007 2:00:31 PM PST by
BBell
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