Mott & Chace’s Blackstone Team Launches Black Real Estate Agent Scholarship & Mentoring Program
Monday, March 28, 2022
In an effort to increase the number of Blacks in the Rhode Island real estate industry, Mott & Chace Sotheby's International's Blackstone Team has developed a scholarship and mentoring program.
"The real estate industry, historically, is no stranger to racism. But did you know that Black homeownership is at an all-time low? Lower than pre-Civil Rights numbers? And there is a direct correlation between these numbers and the lack of Black real estate brokers both nationally and here at home in Rhode Island. Fewer than 6% of active real estate agents/brokers in this country identify as Black, though Black Americans constitute 11% of the population. Conversely, 74% of active real estate brokers in this country identify as White, though the number of White Americans in this country is 62%," said Taylor.
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLASTIn response, The Blackstone Team is announcing The Black Real Estate Agent Scholarship & Mentoring Program.
"Our goal is simple, more Black real estate agents in the top real estate markets in Rhode Island and bordering Massachusetts. We pledge to be more ethnically diverse and with the launch of this scholarship and mentoring program, we hope to open the doors to Black real estate agents looking to be a part of this growing market," said Taylor.
Included in the program are: $2500 of initial start-up education and licensing fees; $7500 of initial living expenses; and six months' worth of business mentoring.
According to Taylor, candidates are required to work with The Blackstone Team for six months, approach this as a professional opportunity, and be dedicated to building a career in real estate. After the initial six months of mentoring, awardees are free to work for whomever and wherever they choose.
"Here at The Blackstone Team, we pride ourselves on being an economically, culturally, and socially diverse workplace. A workplace that is free from gender, age and sexual orientation biases. We strive to make decisions that not only impact our business in a growing way, but our communities as well. We are an equal opportunity network that believes in diversity in the workforce," said Taylor.
Taylor said the application process will be beginning later this year. Learn more HERE.
