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To: narses
The charges against Long & Foster, a Virginia real estate brokerage, allege that their agents steered homebuyers to affiliated mortgage and title companies, which then shared their profits with the real estate brokerage.

Wrong and illegal!! Same as giving a kick back to a buyer, lying to a seller about value and buying the property your self. etc. etc.

6 posted on 05/03/2009 7:54:55 AM PDT by org.whodat (Auto unions bad: Machinists union good=Hypocrisy)
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To: org.whodat

VA rarely enforces Realty Law. Speculation, for instance, is out of control here. Realtors go to in to homes of little old ladies and offer to buy many acres for ridiculously low sums, then promptly resell them for market value.


8 posted on 05/03/2009 8:12:43 AM PDT by TaxRelief (Walmart: Keeping my family on-budget since 1993.)
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