Discriminatory Inducement
Real estate property incentive offered for reasons other than individual merit. A discriminatory inducement is an effort to get an individual to buy or sell, rent, or lease real estate through the unfair use of bias.
Popular Real Estate Terms
Business that transforms an underdeveloped tract of land into plots ready for construction. ...
Document submitted to a governmental agency to extend the time period for a previously approved document. ...
Fluctuation in sales, profits, rat of return, etc. Likelihood of declining value. ...
Room that is fit for living in. the building in which the room is located conforms with the building code and has a certificate of occupancy. Usable for all purposes, but does not include ...
Association of people not treated as a corporation. Examples are a limited partnership and a group of cooperative owners. ...
Right of a party, the assignor, to allocate the benefits of certain insurance policies to a third party, the assignee. Insurance on real estate may assign the policy to protect the property ...
Cancellation of a contract such as when a real estate agreement is deemed illegal. ...
Clay-baked, glazed piping that is not damage by water. It is often used in underground drainage. ...
Lender's written assurance that the borrower has fully paid the obligation. The borrower may then show this instrument to interested parties. ...
Comments for Discriminatory Inducement
Is inducement just money?
Mar 01, 2020 06:55:03Hey Brenda! Inducement is the ability of an individual or an entity to persuade or lead someone to do something. Discriminatory inducement, as a general term, is more specifically targeting one's ability to persuade someone to discriminate against another. In real estate, it can refer to the fact that some real estate transactions are taking place as a result of unfair prejudice. The efforts of one to convince another to buy, sell or lease because of discriminatory reasons is a discriminatory inducement. Money is usually involved but it is not directly connected with the term.
Apr 06, 2020 12:47:04Have a question or comment?
We're here to help.