Real Estate Agents as Agents of Social Change: Redlining, Reverse Redlining, and Greenlining

11 Seattle J. for Soc. Just. 1 (2013)

59 Pages Posted: 12 Sep 2014

See all articles by Mary Szto

Mary Szto

Syracuse University College of Law

Date Written: 2013

Abstract

This article examines the role of US real estate agents in redlining, reverse redlining, and greenlining practices. Redlining was the practice of the Federal government, private banks, and other institutions to deny credit to neighborhoods based on race. Reverse redlining is marketing inferior credit and other products to those same neighborhoods. Greenlining is incenting investment in previously redlined neighborhoods. This article argues that although many real estate agents used practices that unjustly excluded access to neighborhoods, all can be faithful agents of inclusion to global, flourishing communities. That is, while real estate agents took leading roles in redlining and reverse redlining in the past, they can now lead in greenlining efforts. Moreover, those who want to effect greater access to global flourishing communities should consider becoming real estate agents.

Keywords: real estate agents, discrimination, mortgages, lending, credit crisis, redlining, reverse redlining, greenlining, steering, blockbusting, banking, FHA, segregation, housing, fiduciary duties, sustainability, subprime mortgages, social change, social justice, neighborhood, property values

JEL Classification: D18, G21, G28, I31, J15, J71, K11, K12, K42, L85, R14, R21

Suggested Citation

Szto, Mary, Real Estate Agents as Agents of Social Change: Redlining, Reverse Redlining, and Greenlining (2013). 11 Seattle J. for Soc. Just. 1 (2013), Available at SSRN: https://ssrn.com/abstract=2493998

Mary Szto (Contact Author)

Syracuse University College of Law ( email )

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
122
Abstract Views
1,310
rank
274,730
PlumX Metrics