With no where else for the blame to go, it is now being placed on the Realtors. What was the role of the Realtors. Could it possible be that there ARE Realtors that do place the Client ABOVE the commission. I know it sounds hard to believe....(according to the recent reports) But yes there are Realtors that do even give up part of their commission just so your buyer can get into the home if their dreams. It is our responsibility to make sure that all aspects of the transaction are understood, that includes the financing, and if it means having them to consult a Real Estate Lawyer then so be it.
I want my buyers/sellers to be ASSURED that their interest is first and foremost, not the commission. This is where the Code of Ethics does come into play. (thats another blog) We have to protect our client, which means we can't profess that we are Mortgage "experts" when in fact we are not, and we can not lead them one way or the other, but what we can do is EDUCATE our clients, make sure they are aware of the different outlets available to them to educate themselves with the whole transaction, I know it gets touchy and I in no way would ever give legal advice.
But if we are silent and we don't say anything isnt that in fact just as bad? In my opinion yes it is.
I am so tired of hearing that Realtors are only concerned with one thing, and that is closing the deal. That is SO far left field with me, and I hope it is with most Realtors, I want what is best for my client, and if that means that now is not the time to buy, then so be it! I don't want them being faced with foreclosure within the next year, due to my negligence. It is absurd to think that the blame is now falling onto us. That we CAUSED this mess. I am sure that there were Realtors that did get greedy, but that is one of very few.
This is where the saying one bad apple....
It is now time for us to make the CHANGE!
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