Colorado Fair Housing Act

Dated: 02/13/2014

Views: 1240

It is a well-known fact that in real estate brokers, sellers and buyers are subject to fair housing laws. There are delicate situations that might lead all three parties into committing a fair housing violation. What are fair housing laws? They are laws that intended to ensure the ability of every consumer to be able to buy real estate anywhere based only on the buyer’s financial ability to pay for it.

In order to understand it better, let’s look at a couple of examples. A good illustration can be a scenario when a buyer wants to purchase a house in the neighborhood consisting of people of a similar ethnic or religious background and asks the broker to show properties only in such neighborhoods. Clearly, it is a violation of the fair housing act.

Another good example is a scenario when the seller wants to be sure that the “right kind” of people buy the house so that the neighbors are “comfortable” with the new owners. This is a violation as well and is easy to identify. Sellers should be aware of what can be potentially a subject to fair housing act.

A broker should never suggest neighborhoods to a potential buyer based on where the buyer might go to church, synagogue, or any other religious institution. Suggesting a neighborhood based on school district may be considered a violation as well. Buyers need to be advised by brokers to use sources of information and do their own research on those matters to avoid involvement of brokers in their decision making process.

Denver Co Real Estate - Luba Jeltov Realtor
 I specialize in Denver Colorado and surrounding communities of metro Denver area. If you are selling your home I will make sure you get TOP dollar. If you are looking to purchase a home I will make sure that you get the best deal possible. Please contact me directly via phone or text at 303-817-6818. Let me hear from you today.  

Luba Jeltov
Associate Broker
Exit Realty Chery Creek
Direct: 303-817-6818
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Sheryll White

As a Full Time real estate agent for the past 23 years, Sheryll has helped hundreds of home owners in Colorado buy and sell their homes. Sheryll's easy going, no pressure style and her in depth knowl....

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