7/1/21-6/30/22 Salesperson & Broker Required Module: History of Diversity in Real Est Homeownership

Overview

Private land ownership is embedded into the American culture. For most, owning real property is part of what many refer to as the American Dream. But for many, homeownership has been the exception rather than the rule. This course examines the history of American real estate, the discriminatory practices that prevented homeownership for some groups, the disparities that exist in homeownership as a result of cumulative disadvantage and structural inequalities, and the Minnesota organizations working towards eradicating racism in real estate. It also explains how real estate professionals can strengthen their understanding of cultural diversity and incorporate practices that promote diversity in their business models.

This course meets the 3.75-hour mandatory continuing education course requirement for salespersons and brokers.

Learning Objectives

Upon completion, students will be able to:

  • describe the history of real estate homeownership and the government practices that institutionalized racism in real estate
  • identify how the use of racially restrictive covenants helped to create the suburbs
  • recognize the disparities in homeownership between races
  • identify the real estate professional's role in ensuring fair housing for all
    • examine individual bias that interferes in the effective and fair practice of real estate
    • describe the changing demographics in the United States and Minnesota
  • recognize the benefits of diversity in real estate
  • create a diverse business model and plan

Designed For

Minnesota real estate brokers and salespersons
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