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Salesperson Disclosures

Posted by on in Law of Agency
Salesperson Disclosure   When should a salesperson disclose the fact to the buyer that he or she is also representing a seller? 1) AS SOON AS POSSIBLE 2) NEVER   3) WITHIN 14 DAYS OF THE AGENT REPRESENTING THE SELLER 4) BEFORE PREPARING THE OFFER                The salesperson has the duty to be fair and honest, so the salesperson must disclose to the potential buyer that he or she also represents the seller.... Continue reading

Redlining versus Blockbusting

Posted by on in Law of Agency
Understanding Redlining versus Blockbusting (Laws of Agency topic)   Redlining is the practice of denying services or increasing the cost of real estate to residents in certain, often racially determined, areas. Blockbusting is the practice of encouraging homeowners, usually white, to sell their homes at a sub-market price because of the threat of minorities moving into the area. Both Redlining and Blockbusting have been problems that have plagued the American Housing Market dating back to the early twentieth century. While racial discrimination has almost always existed in U.S. housing market, the act of persuading white homeowners to sell their properties... Continue reading

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