A state delegate plans to introduce legislation that would restrict predatory real estate practices, including the exclusive right-to-list agreements reported on by The Baltimore Banner this week.
Del. Marlon Amprey, a Baltimore Democrat, is drafting a bill to be introduced in early 2023 that would seek to protect homeowners from predatory realty and lending companies that Amprey says are siphoning generational wealth from homeowners — especially Black homeowners.
Because these companies are “really taking out our middle-class opportunities at wealth and taking out opportunities to build generational wealth, the state has to be involved in making sure that wealth access is available to people,” said Amprey.
“Baltimore really is the last affordable East Coast city,” added Amprey, arguing that his legislation would help keep it that way.
Click here to read the rest of the article written by Sophie Kasakove over at The Baltimore Banner
