Credible Realtor, Oxymoron or Not? Talk Among Yourselves...
Who's hands are in your pocket & should they be?
Ask some questions, think really hard and read the post from:
Patrick's place http://patrick.net/wp/?p=170
(snippet reposted from Patrick's place0-please head over there to discuss)
(Randy H's observations about "Realtor Pete" who appeared recently in an article by the Contra Costa Times handing out advice that appears less than solid...)
"Now, here’s a guy with a Liberal Arts 2-year “business” degree who’s managed to get a real estate broker’s license. However, he’s handing out public (and likely private) personal financial advice. He repeatedly equates owning a home to investing. As such, he’s putting himself in the role of a personal wealth manager, only without all the rigorous certifications, licenses, and education one expects of such professionals."
"More broadly, Realtors(tm) are often responsible for providing advice to people which will ultimately affect the single largest factor of their wealth. When Realtors(tm) make statements like it only goes up, it’s always a good time to buy, hurry up and beat the rush or be forever left out are they ethically executing the implied obligations the public has bestowed upon them? "
"When they work with hand-selected mortgage brokers to squeeze every last penny of leverage out of a homebuyer are they crossing the line? "
Some Additional Questions Randy H. would like you to think about...
* "Are Realtor(tm)/Broker credentials worthy of any respect in the world of rigorous/tightening certifications in most other fields?"
* "Is it just me, or does there appear to be a pretty strong inverse correlation between quality of education (the Junior College Liberal Arts “business” type versus various BS, MS, MBA, MFE types found in the rigorous certification population) and Realtors(tm)?"
It is not just you Randy...