Posted on 07/09/2007 8:28:47 AM PDT by BenLurkin
Edited on 07/09/2007 8:30:20 AM PDT by Admin Moderator. [history]
More than a quarter million black and Hispanic families are expected to lose their homes in the next few years due to foreclosure. For many, the financial trouble will be traceable to a mortgage they should never have been given.
Yes. I was responding to the proposition that if these standards were increased even more they would then produce more 'honest' brokers and salespeople. But as I said, even the long education that lawyers must endure, and their strict licensure rules, and their very vocation of law, does not produce honesty or integrity. In fact, they quite often use their education and knowledge to confuse, dupe or swindle their clients out of money. I have had the occassion to use 6 attornies in my life, and even the more likable of them were absolute scoundrals in how they developed their "time" logs.
So my point is that no matter how stringent any RE broker education and licensure laws might become, it won't solve the honesty or integrity problems. People must be their own best advocates when making expensive purchases, and they especially must weigh heavily the pros and cons of taking out a big loan. In the end it will be their responsibility to repay it.
I don’t know where you both live, but I will tell you that such dishonesty are not tolerated in the states in which I have lived. A Broker cannot afford to have a dishonest salesperson’s license on his/her wall. That in itself self polices the industry.
I don’t know who your friends are who gave you this ugly feedback, but real estate has always been a competitive business, and not one for lazy slackers. Perhaps they were the ones whose licenses came off those walls, and are bitter because of it.
“we bought a $90K house”
At 90k, folks in DC area would just write a check...no such thing as a ‘90k’ home near....
So they’ll lose a house they never should have had in the first place by this writer’s reasoning?
That’s as silly as rationalizing that it’s okay for poor people to have free abortions because the baby wouldn’t have had a rich life had he been born.
“I don’t know who your friends are who gave you this ugly feedback, but real estate has always been a competitive business, and not one for lazy slackers. Perhaps they were the ones whose licenses came off those walls, and are bitter because of it.”
I see your indignation. Perhaps you are not in that category. Maybe others will see your GOOD example. Honestly, you know as well as others that many shenanigans go on in the real estate business ... . it appears you are not one of them.
That's wonderful for you. You are obviously very, very, very smug and self-satisfied about it all.
I now understand why you feel so free to disparage the integrity of people engaged in a business about which you haven't a clue.
Especially since your husband is a shyster lawyer.
I agree! A veritable nightmare, but a very funny movie. :)
Beat me to it. This nimrod is, as you so adeptly point out, in search of a clue.
Yes indeed. I am a minority in my zipcode and place of employment.
I have held a real estate license for many years, though I have never used it. I find that the recent increased state licensing requirements are pretty much just another means to get more money by having more tests, and offer window dressing to the public. And my state is fairly strict in real estate licencing when compared to other states. (I live in a liberal state that is predisposed to bend towards the needs of minorities, the poor, etc, and to be hostile towards business, landlords and other perceived entities of 'wealth and means'. Like modern law practice, real estate sales is a highly corrupt field. Another example of the inherent corruption is that when government lowers interest rates on loans to make housing more affordable, the real estate brokers take advantage by increasing the cost of the home. As I see the picture, the RE field is as corrupt as it gets. No matter how many times a state may increase the 'professional' requirements to obtain a RE license, they cannot make the charlatans more honest.
If we tell you, we have to kill you.
And you’ve been here since, what, June 27th? Get back under your bridge, troll.
The sad little secret is there are those that seek out there own race to conduct business...thinking that their own "people" wouldn't rip them off.....
I see it all the time....the buyer, lender, and real estate agent are all culturally connected....They are getting exactly what they paid for....trouble.
Sorta suspected that!
So they’ll lose a house they never should have had in the first place by this writer’s reasoning?
__________________________________
A lot of it is refinancing of houses that people should have had in the first place - it’s the refinancing they shouldn’t have done. They had something they could afford, and then they heard that their houses had appreciated by 100K,and they could get a loan for 95% of the new value - and they made improvements or paid off other debts or helped family members or paid tuition or lived it up a while - and the market went down and the rate adjusted or they lost their job.
White people screw themselves too.
Mrs VS
It shows...based on your post lumping all real estate brokers and agents in with common criminals; in Texas you'd have lost your licence already.
Some agents and brokers are corrupt, but the majority are honest.
“... when government lowers interest rates ... real estate brokers take advantage by increasing the cost of the home.”
If this is your level of understanding of housing markets, I’m glad you never tried to put your RE license to practice.
So, over fifty years of life, including being a military verteran, raising children to adulthood, graduating from two colleges and carrying a license in the field we are discussing on this thread, (real estate), they have no merit until I obtain a FR password?? I've held a real estate license for exactly 20 years and I have studied real estate law in both the Business Management A/S degree I've recieved, as well as in the Paralegal A/S degree I've recieved. I also have a certificate of graduation from a real estate course, a course that was run by the most successful real estate attorney in my state. I have personal experience in selling a home, and have been through the routine of dealing with various brokers who are selling homes. I have acquaintances, including a sister-in-law, who are currently working in the RE profession. No, I have never worked in the RE profession, but these are my posting credentials for this particular thread.
So now, what are you're grande credentials that make you so superior to me that you can judge me as you did?
Carrying does not equal practicing....in any filed.
A surgeon that has a license but no experience has fools for patients...
An Attorney with a license and no practice has fools for clients...
A soldier that has never fired his weapon.....
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