Blockbusting definition

Blockbusting means to induce or attempt to induce a person to sell or rent a dwelling by representations regarding the entry or prospective entry into the neighborhood of a person or persons of a particular race, creed, religion, color, national origin, ancestry, sex, familial status, marital status, age, sexual orientation, lawful source of income, learning disability, mental retardation or physical or mental disability, including but not limited to blindness or deafness;

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Blockbusting means any discriminatory practice by real estate brokers, real estate salesmen, or employees or agents of a broker or another individual, corporation, partnership or organization, for the purpose of inducing a real estate transaction from which any such person or its real estate transaction from which any such person or its stockholders or members may benefit financially, to represent directly or indirectly that a change has occurred or will or may occur from a composition with respect to race, religion, color or national origin of the owners or occupants of the block, neighborhood or area in which the real property is located, and to represent directly or indirectly that this change may or will result in undesirable consequences in the block, neighborhood or area in which the real property is located, including but not limited to the lowering of property values, an increase in criminal or antisocial behavior, or decline in the quality of the schools or other facilities.

Blockbusting means engaging in any practice which encourages property owners to sell their property quickly, and often at a loss, by asserting or giving the impression that actual or prospective purchases by persons in a protected class will change the composition of the community, and cause property values to decline, or result in undesirable consequences to the community.

Examples of Blockbusting in a sentence

BLOCKBUSTING Legal Phrasing: Blockbusting is an illegal practice where someone convinces homeowners to quickly sell their property below fair market value by scaring them into believing that their home values are about to plummet because a group of people of a certain race, religion, or national origin are moving into the neighborhood.
It is also illegal, for profit, to induce or attempt to induce a person to sell or rent a dwelling by representations regarding the entry into the neighborhood of a person or persons belonging to one of the protected classes.” Blockbusting is also illegal.
In accordance with the FH Act it is Illegal to Discriminate against Any Person Because Of Race, Color, Religion, Sex, Handicap, Familial Status, or National Origin: In the rental of housing or residential lots; In advertising the sale or rental of housing; In the financing of housing; Blockbusting is also illegal; or in the appraisal of housing.
Blockbusting refers to the practice of real estate speculators encouraging and manipulating real or perceived prejudice in prospective buyers in order to reduce the market value of a desired property.
Legal Phrasing: Blockbusting is an illegal practice where someone convinces homeowners to quickly sell their property below fair market value by scaring them into believing that their home values are about to plummet because a group of people of a certain race, religion, or national origin are moving into the neighborhood.

More Definitions of Blockbusting

Blockbusting means to induce or attempt to induce a person to sell or rent a dwelling by representations regarding the entry or

Blockbusting means, for profit, to promote, induce, or attempt to promote or induce any person to, engage in a real estate transaction by representing that a person or persons of a

Blockbusting means, for profit, to promote, induce, or attempt to promote or induce any person to, engage in a real estate transaction by representing that a person or persons of a particular race, color, creed, religion, ancestry, national origin, age, sex, marital status, parental status, sexual orientation, gender identity, political ideology, alternative source of income, or who participates in a Section 8 or other subsidy program, or who is disabled, or who is a disabled person who uses a service animal has moved or may move into the neighborhood.

Blockbusting means the illegal practice of inducing homeowners to sell their properties by making representations regarding the entry of persons of a particular race or nations origin into the neighborhood.

Blockbusting means any effort, for profit, to induce or attempt to induce a person to sell or rent a dwelling by representations regarding the entry into a neighborhood of a person or persons of a particular race, color, sex, age, religious creed, disability, national origin or ancestry, sexual orientation, gender identity, marital status, family status, military status, or source of income.

Blockbusting means, for profit, to promote, induce, or attempt to promote or induce

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