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
Date Written: 2013
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: Suggested Citation