Can Realtors give demographic information?
In addition to federal and state law, REALTORS® are bound by the REALTOR® Code of Ethics. … The bottom line is that to avoid violating federal and state law, REALTORS® should not provide demographic information concerning any protected class if they are involved in the sale or lease of residential property.
Can real estate agents discriminate?
For the Real Estate Professional: Agents in a real estate transaction are prohibited by law from discriminating on the basis of race, color, religion, sex, handicap, familial status, or national origin.
Why demographics are important to real estate agents?
Often overlooked, demographic and socio-economic factors play a large part in predicting important property market trends. … Change in income, children growing older and moving out – these are some of the factors that influence demand and can help investors locate desirable real estate investments.
Can realtors talk politics?
This year’s intense election and political atmosphere are certainly causes for serious thought and conversation, but should be avoided in discussions with clients and fellow agents. In general, agents should stay away from discussing any and all controversial things, like politics, religion, sex, etc.
Is it stressful being a Realtor?
The job of a real estate agent is considered one of the most stressful jobs you can have, according to CareerCast’s 2010 Jobs Rated report, which analyzed the stress level of 200 professions.
Can Realtors recommend schools?
When customers ask, “How are the schools?” The best thing a REALTOR® can do is guide them to third-party information, so they can make a decision on their own. “It’s okay to talk about schools, but don’t make the judgment call yourself,” says Underwood. … Some states even have websites that compare schools.
What are the 3 types of real estate?
The Three Types
- Residential real estate—This does include flipping houses. …
- Commercial real estate—This is the sort of property where businesses are located. …
- Industrial real estate—This is the kind of property where industrial “behind the scenes” elements of business get done.
Who is not protected under the Fair Housing Act?
The Fair Housing Act makes it illegal to harass persons because of race, color, religion, sex, disability, familial status, or national origin.
What should a real estate professional do if it appears a seller is looking for a non minority buyer?
What should a real estate professional do if it appears a seller is looking for a non-minority buyer? … d) The agent should advise the seller of his or her legal and contractual obligation not to discriminate.
What are the three most important factors in real estate investments?
The three most important factors when buying a home are location, location, and location.
How does GDP affect real estate?
The connection between GDP, income and real estate price
Studies in Asia, Europe, and the US reveal that median home prices correlate by as much as 60% to 95% with GDP per capita. In the long run the growth trends of both cycles typically correspond to each other.
How does scarcity apply to property?
Scarcity causes prices to rise when there isn’t enough land or if there aren’t enough homes in a given area. Even if land is available on which to build more homes, the time it takes to construct them cannot meet immediate property needs, so demand will remain constant or rise.