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Sterling Residential, Realtors
Houston BBB Online Reliability Program Member.
The Fair Housing Act and other laws were enacted to guarantee a right to a national housing market free from discrimination based upon race, color, religion, sex, handicap, familial status, and national origin.
Realtors® are committed to providing equal housing opportunities, affirmed by Article 10 in the Realtor® Code of Ethics, which states that, “Realtors® shall not deny equal professional services to any person for reasons of race, color, religion, sex, handicap, familial status or national origin. Realtors® shall not be parties to any plan or agreement to discriminate against a person or persons on the basis of race, color, religion, sex, handicap, familial status or national origin.
Sterling Residential®, Realtors® conducts business in accordance with all federal, state and local fair housing laws and it is our policy to provide equal service and equal housing opportunities to all persons regardless of race, color, religion, sex, handicap, familial status or national origin.
Home sellers or landlords have the responsibility under the law not to discriminate in the sale, rental, or financing of property on the basis of race, color, religion, sex, handicap, familial status, or national origin. Home sellers or landlords cannot instruct real estate licensees acting in an agency capacity to limit the availability of housing opportunity. A request from the home seller or landlord to act in a discriminatory manner in the sale, lease, or rental of housing is illegal and cannot be fulfilled by the real estate professional. Home sellers and landlords cannot establish discriminatory terms, create discriminatory conditions, deny housing availability, or advertise limited availability to individuals based upon race, color, religion, sex, handicap, familial status, or national origin.
Home buyers and tenants have the right to expect equal housing opportunities and that housing will be available, without discrimination or limitation, based upon race, color, religion, sex, handicap, familial status, or national origin. Home buyers and tenants have the right to expect equal professional service, with no limitation placed on housing choices available based upon discriminatory practices.
Call the U.S. Department of Housing and Urban Development. Fair Housing enforcement is under the US Department of Housing and Urban Development (HUD). Complaints alleging discrimination in housing may be filed with the nearest office of HUD or by calling HUD’s toll free numbers, 1-800-669-9777 (Voice) or 1-800-543-8294 (TDD).
Call the Local Board of Realtors®. Local Boards of Realtors® accept complaints alleging violations in the Realtor® Code of Ethics. Realtors® who violate the Code of Ethics are subject to disciplinary actions and penalties. The Houston Association of Realtors® can be contacted at:
Houston Association of REALTORS®
3693 Southwest Freeway
Houston, TX 77027
Phone 713-629-1900
Fax 713-961-4869
Today’s Houston real estate asking prices are derived from local market conditions based on comparable sales prices paid by home buyers in a particular neighborhood. Despite recent sales volume declines, prices are holding steady across Houston. While that may not be true for all Houston area neighborhoods, there hasn’t been an overall 15% drop in Houston home values. The housing supply is growing — tending to favor home buyers — but it hasn’t increased enough to force home sellers into large double-digit price reductions.
A Houston Chronicle Real Estate discussion posted a few weeks ago asked if Realtors share blame for the mortgage crisis unwinding across the country. Citing dual-licensed Realtors (those holding real estate and mortgage brokers licenses) as part of the problem, some forum participants pointed to the potential conflict of interest between real estate and mortgage brokerage as a reason for the mortgage crisis, while others stated that dual-licensed Realtors couldn’t adequately perform both jobs as agent and mortgage broker. Both could be valid points — yet, the number of Realtors holding a both a real estate and mortgage license isn’t large enough to have contributed to the mortgage crisis in a significant way.
While most housing market indicators have been tracking negative for months, Houston’s median home price for existing single-family housing is positively buoyant despite steady declines in sale volumes in recent months — the median price increased 1.5% in June 2008 when compared to last year. Houston’s residential real estate housing market sales were lower again in June 2008 with a year-to-year sales decline of 15.1% — the slowest June sales volume since 2004. Nationally, sales were down 15.5%. Sales declines were across most property and price classes with the single largest declines in homes priced between $80,000 and $200,000. Pending sales were down over 20% indicating that sales declines will continue. Inventory supply and DOM are up almost 10% in year-to-year comparisons.