My wife, who sells men suits in a high end retail store, came home the other day and commented on how much she hates working with real estate agents. I found that interesting since I have heard that many times before. I know that in my years as a loan officer the one person that I hated to work with was real estate agents. I am sure that many of you have seen the lawsuit in California.
see http://www.nytimes.com/2008/01/22/business/22agent.html?_r=1&oref=slogin
I am not picking sides on this issue but if the agent truely worked in the interest of the client the I have my doubts that this would have happened.
Dual Agency - Conflict of interest???
It is no wonder that we have such a bad rep.
I have to say that I think a downturn in the market is good for our profession. First it will get rid of a lot of "bad wood." Second It will cause some of the premadonnas in the industry to change the way they do things.
Change is inevitable, growth is not.
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