Under the agreement, Seattle-based Redfin will change its minimum housing price policy, alter other practices, and pay $4 million to settle the suit brought against it by the National Fair Housing Alliance and nine other fair housing organizations in 2020.
FILE - A Redfin"for sale" sign stands in front of a house on Oct. 28, 2020, in Seattle. The National Fair Housing Alliance on Friday, April 29, 2022, announced a settlement agreement to resolve a lawsuit against Redfin that will expand housing opportunities for consumers in communities of color in major cities. Under the agreement, Seattle-based Redfin will change its minimum housing price policy, alter other practices, and pay $4 million.
“Our goal was to ensure that all neighborhoods are treated fairly and have access to the full range of services provided by any real estate company,” said Lisa Rice, president and CEO of NFHA."The steps Redfin has agreed to take are a positive move toward stamping out some of the nation’s most harmful practices, like redlining and appraisal bias.
The lawsuit alleged that Redfin’s minimum home price policy had an adverse impact on buyers and sellers of homes in predominantly non-white communities based on race and national origin.
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