THE EREB FOUNDATION HISTORY
About The Foundation
The EREB (Empire Real Estate Board) Foundation was founded in the late 1980’s, and emerged victoriously in 1994 after announcing VICTORY for the Empire Real Estate Board in a lawsuit which was filed in U.S. District Court in Atlanta, that alleged that the Code of Behavior of the National Association of Realtors, which prohibited blacks from becoming Realtors and barred white Realtors from selling homes in white areas to blacks, was violated.
The Empire Real Estate Board (Atlanta's black real estate agents) filed suit in Federal Court against Metro Listing Service, its parent company, Metropolitan Multi-List Inc., and its owner, the DeKalb Board of Realtors, claiming that the Realtors membership rule violated two federal laws: Sherman Antitrust Act and the Fair Housing Act via the computer networks that list homes for sale. The Empire Real Estate Board sought triple damages, as allowed under Antitrust Law, for damage to the Empire Association.
A NON-PROFIT ORGANIZATION
The EREB Foundation is a 501(c)(3) nonprofit organization made up of a number of donated funds established by individuals, families and corporations. A volunteer board of leading community industry leaders and Past Presidents of the Empire Board of Realtists oversees operations and invests funds to grow over time for the community as well as award scholarships to benefit deserving High School and College students in Metropolitan Atlanta and surrounding counties. Several of the Scholarships that are awarded every year were actually established to honor the outstanding Legacy of members of the Empire Board of Realtists, Incorporated.
The EREB Foundation also identifies current and emerging issues within the Real Estate Community and it serves as catalyst and collaborator for many other organizations and its affiliates to bring resources together to meet the changing needs of society. The EREB Foundation for Education is extremely proud to carry out the wishes of so many to have economically significant activities as well as continue to fight for “Democracy in Housing” for all.