california real estate: Unethical agents - 06/21/10 11:38 PM
The market in San Diego has been heating up lately. Some areas are having bidding wars. Our office encountered some cases where, the buyers' agents, in order to get sellers to accept their offers, would say in the contract that their buyers are going conventional financing. After sellers accept their offers, they would then switch to FHA financing without the sellers knowing...until it is too late. Deals end up not closing because property cannot appraise, or deals are delayed for weeks. Unfortunately for the sellers, the other offers that were on the table were long gone... I wonder if this is
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california real estate: To do loans not not do loans, that is the question.... - 07/23/09 07:42 PM
A few of my agents have been asking for the opportunity to originate loans, too. I have been hesitant, very hesitant as I do not have a loan background. Also, there is the question about conflict of interest. In California, with a real estate broker's license, I can sell real estate and do loans, too. I think the best way is to look for a mortgage broker partner so that my agents can originate loans for them and get the support from them. What's your opinion out there?
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