Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Tradelite who wrote (68479)	12/11/2006 9:32:20 AM
From: Think4Yourself	Read Replies (1) \| Respond to of 306849

The bottom line is this: People rely on their Realtor and their Mortgage Broker to understand the details and make sure the customer doesn't do anything foolish. That's a key reason the Realtor and Broker make so much money on the transaction. Unfortunately these people often don't take the time to understand each person's financial situation. It is also in their financial best interest to sell the customer as much as possible. Without regulation of the industry you get the mess we are in now. I am no fan of regulation. It fosters anti-competitive behaviour and allows the incompetent in our society safe refuge as far as employment goes (Remember the arrogant and mostly worthless sh#%heads at AT&T in the 80's?). Regulation is needed in this case to protect the consumer both from themself and unscrupulous Realtors/Brokers.