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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Tradelite who wrote (2809)6/19/2002 10:34:14 AM
From: bozwoodRead Replies (1) of 306849
 
<<<...while some people seem to get a real kick out of criticizing the real estate profession for being greedy, crooked, corrupt, and in the same boat with used car dealers, isn't the real problem the lenders who offer every incentive except a kitchen sink to keep the loans originating at any cost, and the buyers who fall for this?>>>

You could try to use the same argument to get securities brokers or, even, used car salesmen off the hook. The fact is that brokers are salespeople, so there will be a bias. I agree that it is the buyer's responsibility to be informed, so they should realize the motivation of brokers in all fields. In fact, even buyer brokers in real estate have conflicts of interest when it comes to representing the interests of the buyers they represent.
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