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ethics: "No Brokers Fee" or just the old "Bait and Switch" - 10/31/06 08:46 AM

Recently I've had clients call that need a rental usually a short term rental during a renovation or as an interim until they buy something. Often they will say "I don't want to pay a Broker Fee. I'm a broker, broker's get a fee. I tell them to look on Craigslist.
In the past I have had exclusive rental listings when the rental market was not as tight as it is now. I would have the owners pay the broker fee so I legitimately could advertise "No Fee".
Scroll through rental advertisements on Craigslist, you will notice many "NO FEE" alerts with asterisks … (25 comments)

ethics: Appraisal Lending Ethics - 09/29/06 05:24 PM
This blog was inspired by Brian Brady. I recently heard from a lender that starting January lenders and mortgage brokers can no longer use Appraisers that they prefer, recommend or have a relationship with.
I didn't know if this was National or a New York State banking regulation specific. Brian seems to think it is just New York. I tried to research this on Google and came up with very little.
All I could find was a blog from Jonathan Miller of Miller Samuel a top Manhattan appraiser. In his Soap Box blog Jonathan has a blog titled NeyIrony: Responsible Lending defeated by irresponsible … (4 comments)

 
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Mitchell Hall NYC Real Estate Broker

Manhattan, NY

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The Corcoran Group

Address: 2253 Broadway, New York, NY, 10024

Office Phone: (212) 877-6268

Cell Phone: (917) 312-0924

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