RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
  • Agents
  • Brokers
  • Teams
  • Marketing
  • Coaching
  • Technology
  • More
    • Headliners New
    • Luxury
    • Best Practices
    • Consumer
    • National
    • Our Editors
Join Premier
Sign In
RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
RISMedia
No Result
View All Result

Redfin Settles Fair Housing Lawsuit, Changes Practices

Home Agents
By Jesse Williams
May 4, 2022
Reading Time: 2 mins read
Redfin Settles Fair Housing Lawsuit, Changes Practices

Real estate giant Redfin last Friday settled a significant fair housing lawsuit brought by almost a dozen advocacy organizations, paying $4 million and agreeing to change its practices around how it sets minimum price points in communities, which allegedly discriminated against predominantly Black and brown areas.

The lawsuit was led by the National Fair Housing Alliance (NFHA), which originally filed the suit back in 2020.

“Our goal was to ensure that all neighborhoods are treated fairly and have access to the full range of services provided by any real estate company,” said Lisa Rice, president, and CEO of NFHA, in a statement. “We must also ensure that companies do not use their technologies, including digitally-based platforms, to deny people the housing opportunities and services they deserve. The steps Redfin has agreed to take are a positive move toward stamping out some of the nation’s most harmful practices, like redlining and appraisal bias.”

According to the NFHA, Redfin’s practices violated fair housing requirements and illegally excluded people of color.

In the settlement, Redfin agreed to end the practice of using price thresholds for its Partner Program referral service for a period of five years, and “shall ensure that its contracts with Partner Program participants require compliance with the FHA and applicable state and local housing laws prohibiting discrimination.”

The company can continue to use price thresholds for other services but must monitor and correct availability between predominately white and predominantly non-white areas, and will also take several other steps to increase racial diversity among its agents, executives as well as in its marketing.

NFHA called the settlement “a caution to others in the real estate industry that they must exercise care to ensure that their policies and practices, including how they use technologies, do not lead to discriminatory outcomes.”

Redfin is released from any further liability stemming from its practices, and the settlement includes explicit language that the company is not admitting to any violation of law or regulation.

Redfin did not respond to a request for comment at press time.

Jesse Williams is RISMedia’s associate online editor. Email him your real estate news to jwilliams@rismedia.com.

Tags: Fair HousingHousing BiasRedfinSettlement
ShareTweetShare

Jesse Williams

Jesse Williams is a senior editor for RISMedia.

Related Posts

Bank Crashes Add New Uncertainty for Commercial Sector, Apartments
Agents

Bank Crashes Add New Uncertainty for Commercial Sector, Apartments

March 24, 2023
Fathom: Weak Q4 but Strong YoY Revenue, Agent and Transaction Growth
Agents

Fathom: Weak Q4 but Strong YoY Revenue, Agent and Transaction Growth

March 24, 2023
New Home Sales Rise for Fifth Consecutive Month
Agents

New Home Sales Rise for Fifth Consecutive Month

March 24, 2023
How to Get on the FHA Condo Approval List
Agents

How to Get on the FHA Condo Approval List

March 24, 2023
Weichert Expands Presence in Maryland
Agents

Weichert Expands Presence in Maryland

March 24, 2023
THE PLAYBOOK: People-Skill Strategies to Stimulate Sales This Season
Agents

THE PLAYBOOK: People-Skill Strategies to Stimulate Sales This Season

March 23, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Tip of the Day

4 Ways to Leverage Augmented Reality to Improve the Homebuying Experience

From improving the showing experience to helping clients visualize what their new home could look like, here are a few ways that augmented reality could help you improve your client's search for their perfect home. Read more.

Business Tip of the Day provided by

Recent Posts

  • Bank Crashes Add New Uncertainty for Commercial Sector, Apartments
  • Fathom: Weak Q4 but Strong YoY Revenue, Agent and Transaction Growth
  • New Home Sales Rise for Fifth Consecutive Month

Categories

  • Spotlights
  • Best Practices
  • Advice
  • Marketing
  • Technology
  • Social Media

The Most Important Real Estate News & Events

Click below to receive the latest real estate news and events directly to your inbox.

Sign Up
By signing up, you agree to our TOS and Privacy Policy.

About Blog Our Products Our Team Contact Advertise/Sponsor Media Kit Email Whitelist Terms & Policies ACE Marketing Technologies LLC

© 2023 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

No Result
View All Result
  • Home
  • Premier
  • Reports
  • News
    • Agents
    • Brokers
    • Teams
    • Consumer
    • Marketing
    • Coaching
    • Technology
    • Headliners New
    • Luxury
    • Best Practices
    • National
    • Our Editors
  • Publications
    • Real Estate Magazine
    • Past Issues
    • Custom Covers
  • Events
    • Upcoming Events
    • Podcasts
    • Event Coverage
  • Education
    • Get Licensed
    • REALTOR® Courses
    • Continuing Education
    • Luxury Designation
    • Real Estate Tools
  • Newsmakers
    • 2023 Newsmakers
    • 2022 Newsmakers
    • 2021 Newsmakers
    • 2020 Newsmakers
    • 2019 Newsmakers
  • Power Broker
    • 2023 Power Broker
    • 2022 Power Broker
    • 2021 Power Broker
    • 2020 Power Broker
    • 2019 Power Broker
  • Join Premier
  • Sign In

© 2023 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

x
X