Fair Housing
A Wyoming real estate agent who learns that a neighborhood will be transitioning demographics due to a new employer hiring international workers, and uses this information to tell existing homeowners to 'sell now before prices drop,' is engaging in:
ALegitimate market advice based on economic factors
BBlockbusting—using expected changes in neighborhood demographics to induce panic sales✓ Correct
CNormal marketing to motivated sellers
DSteering—directing buyers to certain neighborhoods
Explanation
Blockbusting (panic selling/panic peddling) involves inducing property owners to sell based on the fear that members of a protected class are entering the neighborhood. This is illegal under the Fair Housing Act and is a form of discriminatory real estate practice.
Related Wyoming Fair Housing Questions
- A Wyoming housing provider who charges higher security deposits to applicants of a certain national origin is guilty of:
- A Wyoming apartment complex manager who refuses to rent to a person with HIV/AIDS is:
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- Blockbusting (panic selling) occurs when a Wyoming real estate agent:
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