what is steering in real estate

Best answer

Steering is a practice in real estate whereagents discriminate toward prospective buyersand only show properties based on the buyer race, religion, gender, sexual orientation, or other protected factors.

People also ask

  • What is an example of steering in real estate?

  • Let look at a hypothetical example of steering: a white buyer and a Black buyer approach the same real estate agent looking to buy homes. Both buyers have similar financial profiles and similar needs for their future homes.

  • Are real estate agents steering buyers toward certain neighborhoods?

  • Real estate agents have a long history of steering buyers toward certain neighborhoods based on race, color, religion, and other discriminatory factors. In fact, steering is one of the big reasons for the widespread neighborhood segregation we see in the U.S., even today.

  • When to talk to your real estate agent about steering?

  • For example, let say you recently discovered a bunch of listings that fit your home search criteria that your agent never showed you, and you think steering could be involved. This is an opportunity to talk to your agent and find out what going on.

  • When did we start studying steering in real estate?

  • The practice has been well documented for decades, with studies on steering and its effects on communities surfacing as early as 1976. Since the late 1970s, the Department of Housing and Urban Development (HUD) has studied steering by sending test pairs of buyers out in cities across the U.S. to measure how they檙e treated by agents.

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