Blatant racial discrimination in largest brokerage firm
NRT Inc., the largest residential brokerage firm in the United States has been charged with blatant racial discrimination through an undercover investigation.
According to a report today in Chicago Sun Times, the National Fair Housing Alliance says that NRT’s Coldwell Banker specifically discriminated against African-Americans. During the investigations, it was found that white testers were shown 36 properties, while their African-American counterparts with better qualifications were shown only seven. In one case, a real estate agent reportedly even suggested an African-American tester posing as a buyer should rent rather than buy.
Even as racial discrimination cases abound in the corporate real estate sphere, profits for such firms grow manifold. As an example, only last year, NRT posted a real estate industry record with $230 billion in closed sales volume!
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