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Slide Notes

This presentation accompanies a three-hour real estate continuing education course offered by HER Realtors and certified for three hours of core continuing education by the Ohio Division of Real Estate.
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Beyond Face Value

Published on Nov 21, 2015

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PRESENTATION OUTLINE

Beyond Face Value

Fair Housing for real estate professionals
This presentation accompanies a three-hour real estate continuing education course offered by HER Realtors and certified for three hours of core continuing education by the Ohio Division of Real Estate.
Photo by Alan Cleaver

What will we cover?

agenda
The course covers:
The current and future housing markets.
Why many people do not consider purchasing a house.
The history of fair housing laws (federal, state, and local).
What is allowed/not allowed in an agent's real estate practice.
Which exemptions or exceptions are in the fair housing laws.
How to handle clients who refuse to negotiate.
What is reasonable accommodation and what is the real estate agent's responsibility?
The signs of steering.
How familial status factors in fair housing complaints.
A closer look at blockbusting, steering, and redlining.
What is "unintentional discrimination" and how to avoid it.
Group discussion.
Marketing best practices in light of fair housing laws.
Questions and Answers taken from the NAR Handbook on Fair Housing.

The housing market

Who's your neighbor?
Who is your neighbor?
Demographic facts about the Columbus, OH area.
Trends in the US.
Photo by Vince_Lamb

Key "gaps" pose challenges

  • Information Gap
  • Affordability Gap
  • Credit Gap
  • Confidence Gap
From Fannie Mae: Why do minorities not purchase homes?

history of fair housing laws

  • 1866
  • 1968
  • 1974
  • 1988
Review the provisions of fair housing laws.
Discuss the historical background of the enactment of laws/amendments.
Photo by Scott*

PERMISSIBLE standards and activities

What can an agent do/say?
Use of the fair housing logo.
The company's commitment to fair housing.
Photo by The-Tim

exceptions/exemptions

What are the exceptions/exemptions to fair housing laws?
Qualified senior housing
"Mrs. Murphy's" exemption

refuse to negotiate?

What happens when a seller refuses to negotiate with a potential buyer based upon the buyer's race, color, religion, sex, disability, familial status, or national origin?
What's the agent's response?
Why is refusing to negotiate harmful?
Photo by Filippo C

reasonable accommodation

What does it mean to make "reasonable accommodation" for a disabled person? What situations arise when reasonable accommodation is not made?
Photo by Leo Reynolds

steering

Steering happens when a real estate agent determines where a buyer wants to live.
We are not in the business of determining where someone should want to live.
Show all properties that meet the client's qualifications.
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familial status

Key considerations:
Families with children under 18
Pregnant women
Lending
Combination of familial status and steering
Photo by ND | Tom

illegal practices--

second look
More in-depth look at some illegal practices
Photo by ⌡K

blockbusting

The practice of contacting homeowner to get them to sell because "undesirable elements" are moving into the neighborhood.
Why it is illegal.
What is the language used by agents practicing blockbusting.
Photo by zen

steering

Choosing and showing properties based on a person's race, color, religion, etc.
Advertising targeted to members of one of the protected classes.
Photo by Garret Voight

redlining

Practiced by lenders and insurance companies.
Discourages home ownership in certain neighborhoods, hurts the economic stability of neighborhoods and discourages members of protected classes from creating wealth for themselves and their families through property ownership.

unintentional discrimination

Watch and discuss the video "Unintentional Discrimination." What kinds of things do real estate agents say or do without thinking about them?

small group discussion

  • Changes in Markets?
  • How does diversity change markets?
  • Experience working with a client different from you?
Discuss in small groups:
What changes have you seen in your local markets? (people, housing stock, etc.)
How does diversity change real estate markets?
Have you had an experience working with a client who is different from you? What did you learn?
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marketing

Marketing must be in compliance with fair housing laws.
Examples of advertising/marketing that does not comply with fair housing laws.
Discuss Ohio Association of Realtors Advertising White Paper
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niche marketing

Can you advertise to a niche market? (religious group, senior citizens, African Americans, etc.)
What agents must do if they market to a niche.
Photo by IvanClow

prospecting and marketing

keep in mind
Use of the equal housing logo in advertising and marketing.
Prospect and market to a broad audience in addition to a niche market.
Photo by Marcia Todd

questions

and answers
From the National Association of Realtors "Fair Housing Handbook"
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equal service

is the key
Summary of major points covered.
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