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The Contract Buyers League (CBL) was a grassroots organization formed in 1968 by residents of North Lawndale, a Chicago, Illinois community. [1] The CBL was founded in order to address the exploitative practices of predatory land contracts in African American communities.
Blockbusting is a business practice in the US that exploited white homeowners' fear of racial integration by selling their properties to black families at low prices. Learn about the historical and legal context, the methods and effects of blockbusting, and the contemporary challenges of racial segregation in housing.
A multiple listing service (MLS) is an organization that real estate brokers use to share information and compensation for properties. Learn about the origin, purpose, benefits, limitations and criticisms of MLS systems in different countries and regions.
A purchase and sale agreement (PSA) is a contract between a buyer and a seller of real estate, stock, or other assets. In the oil and gas industries, a PSA is the primary legal contract for exchanging oil and gas assets.
Any protection contract is essentially providing a hedge to the owner against declining home prices. The provider (protection seller) of the contract will generally have a significant reserve in place and will also hedge their risk using housing futures from the CBOE Chicago Board Options Exchange & CME Chicago Board of Trade and other real estate short strategies to help mitigate losses.
Real estate is property consisting of land and the buildings on it, along with its natural resources and interests. Learn about the history, law, and categories of real estate, such as residential, commercial, and industrial.
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