What is another term for panic selling in real estate?

Prepare for the National Ownership Exam with study materials including flashcards and multiple choice questions featuring detailed hints and explanations. Get ready to ace your exam!

The correct choice is blockbusting. In real estate, blockbusting refers to a practice where real estate agents induce homeowners to sell their properties at lower prices by instilling fear about the changing demographic in the neighborhood, often leading to panic selling. This term captures the essence of urgent selling motivated by external pressures, such as fears of declining property values or neighborhood changes.

Other options do not accurately represent the concept. An equity sell-off usually pertains to financial markets and refers to the sale of assets in response to market conditions, rather than the specific context of real estate panic selling. Market pressure generally refers to economic factors affecting various markets but does not denote the urgency or motivation behind individual sellers in a neighborhood. Urgent liquidation suggests selling properties quickly, but it lacks the specific relational and demographic context that defines blockbusting in the world of real estate.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy