Racial Steering


Definition of "Racial steering"

Scott Orsi
  Coldwell Banker Residential Brokerage

Directing a particular race to a certain neighborhood and away from others.
An example is a real estate broker steering a black family away from a white neighborhood. This
action is illegal


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Direction Of Least Resistance

Tendency to go to the party or situation of the lowest level of opposition. ...

Contents Rate

Premium rate charged on the property within a building, but not on the building structure. ...

Specific Performance

Situation in which a person guilty of breaking a contract is required by the judge to fulfill his du ...

Risk

Fluctuation in sales, profits, rat of return, etc. Likelihood of declining value. ...

Experienced Morbidity

Actual morbidity experience of an insured group as compared to the expected morbidity for that group ...

BTU

British thermal unit-a unit of energy associated with the creation of heat. Prior to 1929, it was de ...

Related Real Estate FAQ

What Is A Mortgage Banker?

A mortgage banker is a company that originates mortgages and sells them to a secondary market. ...

What Is A Buyer's Agent?

On most transactions, there is usually a listing agent and a selling agent. The selling agent is som ...

What Is An Interest Rate?

An interest rate is the percentage the lender charges you for borrowing money. ...

What Is A Quit Claim Deed?

A quit claim deed is a formal document that denies a claim to a certain property. Often used to clea ...

Is Depreciation Common?

Generally, real property never depreciates in value, or more so, it is not very common for property ...

What Is A Counteroffer?

A counteroffer is an offer made by one party that makes changes to the original or latest offer of t ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

5 signs of house foundation problems 3 tips to ensure your sale goes through When to Dispute Your Home Appraisal Short Sale Homes 6 Reasons you are not selling properties

FAQ

What do I need to know about Renters Insurance, and what does it cover? What is a buyer’s agent? What is a fixed-rate mortgage? Do I need Earthquake Insurance? What is an APR and what does it include?