It’s the year 2020, and racism should be a relic of the past. But the reality is that racial discrimination still exists, and the real estate industry is not immune.
Recent studies have revealed there are agents who practice prejudicial tactics against homebuyers of color. This number could be as high as 40% of agents who favor white clients while discriminating against others. It’s not difficult to find internet sources to back up these claims.
The problem may stem from the industry itself, which is overwhelmingly white. In 2014, a profile of more than one million members of the National Association of REALTORS® found that 85% of registered members were white.
Travis Bish, a broker, and real estate agent in West Hartford, CT, who is also the founder of The North Star Realtors, told Forbes online in an interview that he thinks standardized home buyer questions would minimize bias in the process.
Others say solutions should include the elimination of “redlining” that sees lenders not provide loans to individuals who live in areas that are considered of high credit risk. This would help combat discrimination in the real estate industry. Also, if companies practiced greater diversity in hiring, it would go a long way toward making the industry more racially sensitive.
You can trust a professional real estate agent in West Hartford, CT, to treat you with the utmost respect and courtesy when you are seeking a new home.