Then they came for the REALTORS®
Even though you may not be a loan officer and even though you may never ever want to do loans the reality is the govt seems to keep putting their hands in this industry and change things ... so ask yourself are they making things better?? Well depending on how things will go with the mortgage industry its not hard to see that they can come in and re evaluate how real estate agents do business and get compensated ... if you think we need over haul then I guess you agree with the new changes if not ... why does not NAR speak up .. we can either be pro active or reactive ..
Then they came for the REALTORS®!
First they came for the mid-level bankers, and I did not speak out-
because I was not a mid-level banker;
Then they came for the appraisers, and I did not speak out-because I was not a appraiser;
Then they came for the Mortgage Brokers, and I did not speak out-because I was not a Mortgage Broker;
Then they came for the Consumers, and I did not speak out-
because I was not a Consumer;
Then they came for the REALTORS® -and there was no one left to speak out for me.
Then they came for the REALTORS®!
There is very little difference, today than when Pastor Martin Niemöller (1892-1984) wrote the original just different scape goats!
Today Dodd-Frank took away the consumer's options and choice about mortgage origination and control of their cost.
It's been twenty years now, since the Chairman of Countrywide made his speech about getting rid of the Mortgage Brokers, the very people that made him rich, to bring the origination fees back to the Banks. Today the Mortgage Brokers are nearly gone.
Then they came for the REALTORS®!
It's been even more than twenty years since the Banks wanted to get into/control real estate sales! Can the REALTORS® who didn't speak out for the mid-level bankers, for the appraisers, for the Mortgage Brokers, or for the Consumers really think all their finger pointing will protect them? Pastor Niemöller faced annihilation for 5 years in a Nazi concentration camp, may the REALTORS® be so lucky.
IE: MoPros Eat No Mo!!! New Amendment to Reg Z goes into affect April 1st. REALTOR, how long will you be eating?
Bill
William J Archambault Jr
The Real Estate Investment Institute
wja@reii.org Cell 832-259-7078, Houston 832-582-8415, Las vegas 702-516-1569
From my past: GRI 1975, FLI 1974, Catalyst from a client 1974 an agent that makes things happen, REII, The Real Estate Investment Institute 1995.
©William J Archambault Jr ©The Real Estate Investment Institute ©REII
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