Can Realtors give demographic information?
In addition to federal and state law, REALTORS® are bound by the REALTOR® Code of Ethics. … The bottom line is that to avoid violating federal and state law, REALTORS® should not provide demographic information concerning any protected class if they are involved in the sale or lease of residential property.
Can real estate agents talk about crime?
Real estate agents aren’t allowed to talk about crime data, but the local police blotter or sex offender registry can help you figure out how safe a neighborhood may be.
Why are demographics important in real estate?
Often overlooked, demographic and socio-economic factors play a large part in predicting important property market trends. … Change in income, children growing older and moving out – these are some of the factors that influence demand and can help investors locate desirable real estate investments.
Is location a demographic?
Types of Demographic Information
The common variables gathered in demographic research include age, sex, income level, race, employment, location, homeownership, and level of education. … Additional demographic factors include gathering data on preferences, hobbies, lifestyle, and more.
Is it stressful being a Realtor?
The job of a real estate agent is considered one of the most stressful jobs you can have, according to CareerCast’s 2010 Jobs Rated report, which analyzed the stress level of 200 professions.
Can you sue a real estate agent for lying?
You can’t sue a real estate broker for a bad opinion — in order to win a misrepresentation lawsuit, the misstatement must involve some material fact about the property or the sale that would affect a reasonable person’s decision regarding the purchase.
What does a house seller have to disclose?
Sellers have to disclose any occupants (ie boyfriend, grandparent), who should also sign the contract. Sellers must disclose any official letters that have been received. And it is advisable to disclose any planning matters relating to the house or the neighbourhood.
What are the three most important things in real estate?
The three most important factors when buying a home are location, location, and location. What are your thoughts on the importance of location in real estate?
How does location affect property value?
The centrality of your location will also affect your home’s value. Homes in cities, for example, tend to be placed at a higher price than homes in the suburbs. Though you would be getting less land, you would be getting a lot more amenities. It’s a payoff that you should keep in mind as you consider buying a house.
What affects demand in real estate?
The primary factor influencing demand for housing is the price of housing. By the law of demand, as price decreases, the quantity of housing demanded increases. The demand for housing also depends on the wealth of households, their current income, and interest rates.
Where does city data get its information?
The information on the website includes consumer names and street addresses, obtained via FOIA requests and other public records; City-Data has an opt-out feature to break the web-visible association between names and street addresses, but does not remove the consumer names themselves.
How do I get the demographics of an area?
The U.S. Census Bureau allows you to search by ZIP code, city, county, and/or state to find a specific area’s income levels, ethnicities, ages, and other social characteristics.
What are 3 examples of demographics?
Demographic information examples include: age, race, ethnicity, gender, marital status, income, education, and employment.