When you choose a realtor, please make sure you know what your agent can and cannot do for you. There are federal and state regulations that govern or affect a realtor’s actions.
The Federal Fair Housing was specifically designed in prevention of discrimination. The Fair Housing Act was created was contained in the Civil Rights Act of 1968 and changed by the Fair Housing Amendments Act of 1988. The seven classes which comprise the race, color, religion, national origin, sex, handicap and familial status protected by the Fair Housing Act.
Realtors could not be able to address some requests from their clients for the reason that is against the law. Like for example, if a Muslim person asks a realtor to find a home near to a mosque in a certain community, the realtor cannot accommodate the request. The realtor also can’t take into consideration the request to be situated near a mosque. The realtor can’t even advertise that a listing is around the corner from a mosque
Realtors must not answer questions about the ethnic make-up of a neighborhood. For example, don’t expect your realtor to show you homes in neighborhoods comprised primarily of African-Americans, Caucasians, Latino’s, American Indians or any other ethnicity or race. You must present these requests to your realtor.
When it comes to advertising, the realtor must avoid words used represent any protected classes. Here are the following words are not suitable and could violate Fair Housing laws. Do not ask your realtor to use these words:
Section eight, Couples, Mothers, Singles only, Handicapped, Bachelor apartment, Seniors, Married, Mature, Integrated
These are just a some the many words that are used. Once you feel that what you are asking your realtor discriminating at all, don’t even bother to ask.
Lastly, do not ask your realtor questions regarding crime statistics of that certain place. Realtors that are smart will directly point you to the police department or other basis of information. Your realtor should never reveal crime statistics or say a neighborhood is a relatively safe place to live, even if the realtor think there is a fact about it.
What are the Designations of the Realtors?
Now that you already have a realtor. That realtor has probably mentioned belonging to certain realtor designations. You may wonder what this all means? Well, let us proceed in examining what type of designations your realtor might belong to and what they mean.
GRI Graduate Realtor Institute This designation is supported by the National Association of Realtors and propose through state realtor associations, agents who is longing for a GRI designation must be able to complete a minimum of 90 to 95 hours of coursework referring to the state that licenses them, and pass the exams. Education wraps law, practice, finance, taxes, exchanges and more. Other qualifications to acquire this designation is composed of: Membership of the National Association of Realtors Membership of the state association of realtors Membership of the local board of realtors
E-PRO Certified Internet Professional This is subsidized by the National Association of Realtors. E-PRO is an online course about using e-mal, piloting the Internet and incorporating digital services into the workplace. Realtors are required to pass an online exam.
ABR Accredited Buyer Representative This is an online self-pace course for real estate agents who represent buyers as a buyer’s agent. Unlike exclusive buyer’s agents who never represent sellers, an agent who has earned this designation may elect to work as a listing agent or a buyer’s agent.
ACRE Accredited Consultant in Real Estate This designation is offered through a private company composed by realtors, Accredited Consultant in Real Estate. Agents download the course book, read and take the exam online. This course teaches agents how to use a consulting approach versus a sales approach.
ACR Accredited Seller Representative Offered through Realty U Online, this course is designed to improve a listing agent’s professionalism and refine the dimension of service to sellers. Agents can choose between online or in-class courses and must pass the exam.
Matt Franklin is a real estate investor based in Texas. He writes widely about issues related to real estate and finance both in the US and in the UK. His current interests currently span real estate markets affected by the global recession like the sell and rent back market and how it is evolving based on recent UK government regulation.
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