Question

which of the following occurs when a real estate agent or buyer persuades an owner to sell their property at a deflated amount, based on the notion that other houses in the neighborhood are being acquired by individuals of another race or class?

Answer 1

Blockbusting is known to occur when real estate agent persuades the owner to sell its property at a deflated amount.

Blockbusting is also referred to as panic selling.

• Blockbusting is referred to as illegal practice where a buyer or estate agent convinces homeowners to sell their property below the fair market value by scaring them of false facts..

Hence, term called "Blockbusting" is known to occur when real estate agent persuades the owner to sell its property at a deflated amount.

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