In response to the guidelines released by the California DRE (which all of you should read), I wanted to jot down a few of the comments I've heard over the years by agents concerned about fiduciary responsibility and fraud.
The issues surrounding these two topics are enough to drive investor and Realtor crazy…especially when it comes to fraud or the mistaken impression that flips are illegal. More on those concerns later (and on the DRE short sale report- the writers overlooked some basics). In the meantime, short sales present plenty of frustrations, but they also represent a fantastic opportunity for those willing to learn the process.
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