"Panic selling" is a type of discrimination that a real estate licensee is not allowed to do. It is when the licensee tries to convince a property owner to list their property for sale by suggesting that changes in the people living in the neighborhood will lower the property's value. This is a serious violation of fair housing laws and can result in disciplinary action.
These are questions that the above text answers:
1. What is panic selling in real estate?
2. Why is panic selling considered a form of discrimination?
3. What is the role of a real estate licensee in panic selling?
4. How does panic selling affect property owners?
5. What are the consequences of engaging in panic selling?
6. What are fair housing laws?
7. How does panic selling violate fair housing laws?
8. What actions can be taken against a real estate licensee who engages in panic selling?
9. What is the purpose of fair housing laws in real estate?
10. How can panic selling impact the value of a property?