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ethics and business practices: Values Upon Which Our Success Depends ~ President Obama's Inauguration Address - 02/03/09 04:26 PM
Our U.S. PRESIDENT BARACK OBAMA in his INAUGURATION ADDRESS on January 20, 2009, said:
"Our challenges may be new, the instruments with which we meet them may be new, but those values upon which our success depends, honesty and hard work, courage and fair play, tolerance and curiosity, loyalty and patriotism -- these things are old.
"These things are true. They have been the quiet force of progress throughout our history.
"What is demanded then is a return to these truths. What is required of us now is a new era of responsibility -- a recognition, on the part of every American, … (6 comments)
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ethics and business practices: TRIAL LAWYERS & MORTGAGE CRISIS LAWSUITS AND LITIGATION - 09/16/08 03:15 PM
SOME TRIAL LAWYERS HAVE BEEN GEARING UP TO ATTACK A SOFT SPOT IN THE BUSINESS WORLD ... THE SUBPRIME MORTGAGE CRISIS ... MORTGAGE BANKERS, LENDERS AND MORTGAGE BROKERS.
Bloomberg News reported that the number of new mortgage crisis lawsuits is growing. More than 600 lawsuits related to the subprime mortgage situation were filed in U.S. federal courts since January 2007, including 310 in the first six months of 2008. That's a lot more than litigation related to the U.S. savings and loan collapse of the 1990s.
The current crisis in mortgage has swelled the LITIGATION INDUSTRY with expected benefits for TRIAL LAWYERS.
Subprime-related lawsuits now outnumber the 559 filed during … (18 comments)
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ethics and business practices: WHAT'S EXPECTED? THE GOOD REALTOR AGENT - 09/09/08 11:40 AM
There are some very good Realtors and real estate agents out there ... who always seem to be involved with helping their friends and clients.
When hiring a Realtor agent to help you buy your next home ... or help you sell your home and property ... you should find one to trust ... and one who listens to what you have to say.
The Realtor should be able to go the extra mile to help make your purchase or sale appear to be smooth. This agent should help you set aside the emotion of the situation and be objective.
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ethics and business practices: California Sales Tax Should Not Be Expanded to Include That For Services - 06/10/08 09:58 AM
The State of California and legislature and Board of Equalization is considering sales tax expansion to include that on services, such as fees for real estate agents, physicians, dentists, lawyers, accountants, architects, gardeners, landscapers, babysitters, and so many others.There is an obscure rule of the Board of Equalization, the state's tax collecting agency, that would allow such consideration. This elected board is itself governed by 3 Democrats and 2 Republicans. We recognize that the state of California is in financial trouble with estimated budget deficit of $17 billion. The state should focus on reducing its mammoth payroll and pension obligations, stop giving … (0 comments)
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ethics and business practices: It's Good that NAR Will Consider New Rules for Listing & Advertising of Short Sales - 05/08/08 10:45 AM
The good news during April 2008 from the National Assoc. of Realtors is that it is considering new rules for listing and advertising of short sale and distressed properties.
It's about time.
Rules must be made and followed regarding listing of these properties with the MLS services. The rules should bind owners and sellers, listing agents, and lenders, through the short sale process.
The health of our real estate market is dependent upon buyers having sufficient and accurage information on which they can rely for truth about the properties.
Regarding distressed properties, the market and folks who buy need MLS listings to identify whether there is lender … (2 comments)
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ethics and business practices: Do Lower FED Rates Signal That Mortgage Rates Will Fall? - 04/28/08 12:44 AM
Do Lower FED Rates Signal That Mortgage Rates Will Fall? That depends.
The 30-year fixed rate mortgage is not tied to short-term treasuries. Fixed mortgage rates are tied to long-term bond yields that move based on anticipation of the economy and inflation. Fixed rates usually come down when there is outlook for slow economic growth. Long term mortgages are securitized and sold on the global market, and investors now demand a higher risk premium on these mortgages. If you have 7 and 5-1 Adjustable Rate Mortgages (ARMs), there is good news, and it's tied to the treasury index. If the FED cuts … (2 comments)
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ethics and business practices: At The Center of Our Housing Crisis Is That Many People Have No Equity Or Are Upside Down on Loans - 04/26/08 12:50 PM
At the center of our housing crisis is that many people here in California and the United States have no remaining home equity or that they are upside down on their loans. Too many people purchased homes during the past five years with no or little down payment, based upon no document loans, and with lending practices so relaxed that mortgage agents and brokers participated with at least some knowledge that loans should not be approved and funded. Whose fault is that? Is it possible that mortgage brokers and lenders are at least partly responsible? However, even if it is determined that … (2 comments)
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ethics and business practices: Good News that NAR Will Consider New Rules for Listing & Advertising of Short Sales - 04/24/08 10:33 AM
News today is that the National Assoc. of Realtors is considering new rules for listing and advertising of short sale and distressed properties. That's good. We need strict rules to bind owners and sellers, listing agents, and lenders, in the short sale process. The market needs for all such listings to identify whether there is lender approval of offers on short-sale. The market needs to have specific rules on commission offered by the owner and lender to the broker Realtors for the buyers. The market and buyers deserve to know whether the property will be tied up in a lengthy process of … (5 comments)
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ethics and business practices: Ask Whether Your Business or Company Implements Its Ethics and Values - 04/13/08 09:46 AM
It's true that most every business or company will tell you that they have and believe in values and high ethical standards. You need to dig deeper and ask how they implement those values. Ask what they do to reinforce them. Ask whether they have a plan or a program to instill and support these values. Find out about their response. Posted by Harrison K. Long, Explore Group, April 13, 2008. Source: Bob Hunt, Orange County Register, April 12, 2008
Labels: Ethics, Ethics and business practices, values
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Harrison K. Long, business, REALTOR®, GRI, Broker
Irvine,
CA
More about me…
Explore Group, Coldwell Banker Previews, Irvine, South OC
Address: 6833 Quail Hill Parkway, Irvine, CA, 92603
Office Phone: (949) 854-7747
Cell Phone: (949) 701-2515
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