Steering
Illegally guiding buyers or renters toward or away from neighborhoods based on a protected trait like race or religion. It violates fair housing law.
Related terms
Federal law that bans housing discrimination based on race, color, religion, sex, disability, familial status, or national origin. Many states add more protected classes.
Denying or limiting loans or insurance in certain neighborhoods based on race or ethnicity. It is illegal, and its history still affects home values in many areas.
The agent who represents the buyer. They find homes, set up showings, write offers and negotiate. Since 2024 most need a signed buyer agreement before touring homes.
A licensed person who helps people buy, sell or rent property. Agents work under a broker and are paid by commission, not salary.