Tag Archives: Discrimination

Former Realtor president sues NAR over 3-way agreement

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Agent Preston Moore decried his suspension following an ethics investigation he alleges was discriminatory and said he was “forced” to belong to NAR for MLS access. Continue reading →

The new redlining: Paying a buyer agent is just part of the challenge

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Now that buyer agency compensation rules are in place, Trina Gonzales-Van writes, the NAR, regulatory bodies and significant stakeholders must consider their impact on borrowers and determine whether these policies do more harm than good. Continue reading →

Fairway blasts federal regulators in $10M redlining settlement

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Nation’s third biggest lender casts itself as a victim of politics, noting CFPB launched its investigation the day after Biden Administration took office. Continue reading →

HUD: Appraisal that erased $220K in home value was discriminatory

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Appraisal management company Solidifi and lending giant Rocket Mortgage are also charged with violating the Fair Housing Act. Rocket says it expects to prevail. Continue reading →

‘Historic’ agreement aims to break racial barriers in appraisal industry

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The Appraisal Foundation will establish $1.22 million scholarship fund to help aspiring appraisers navigate “an alternative, more inclusive path” for fulfilling experience requirements that are said to have contributed to a lack of diversity. Continue reading →

Will your chatbot get you canceled? 10 AI questions to ask

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Fair housing advocate Dr. Lee Davenport shares 10 questions to ask before adopting an AI-based chatbot or consumer-facing platform for your real estate business. Continue reading →

LoanDepot settles high-profile appraisal bias lawsuit filed in 2022

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Lender revises appraisal policies and practices in wake of lawsuit by Baltimore couple who claimed their home was undervalued by more than $250,000 because they were Black. Continue reading →

Brokerage BHS appeals orders to pay agent $977K for discrimination

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Brown Harris Stevens of the Hamptons seeks to overturn rulings awarding Shauncy Claud nearly $1 million after a court found the firm wrongfully fired her for filing a discrimination complaint. Continue reading →

Patriot Bank denies DoJ redlining allegations, settles for $1.9M

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Government alleges competitors in Patriot’s peer group made home loans in minority areas of Memphis at almost three times the rate of Patriot from 2015 to at least 2020. Continue reading →