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blockbusting definition - legal

v

The inducement of people by a real estate agent to sell real property quickly, and frequently for less than what the property is worth, by spreading rumors about ethnic minorities moving into the neighborhood and thereby generating business for the real estate agent. This practice is outlawed by many state laws as well as by the federal Fair Housing Act of 1968.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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