Not just the buying or the selling kind, but how you do business. What are some of things you stand for and stand up for? There are many ways to do business. Often ethics is over-looked in advertising and marketing but that is the core of the transaction. Trust runs the show along with honesty and truth.
BUSINESS AS USUAL
I knew of several wealthy men who when doing business in Real Estate completely disregarded the morals aspects of it and instead put winning at all costs as the prime directive. Well who would argue with that? I would if you are going to do it.....ethics be dammed! Sorry, there are boundaries to conduct
PIRANHA
During this recent crash of Real Estate, we got to see the serpents out and about. Lets be clear. The banks, lenders and speculators saw investors coming in hard and fast with one thing in mind and that was to steal assets away from whoever they could in the name of fast money anyway they could
CREATING A PANIC
Wall Street had failed to perform up to money killing standards right before this last RE crash. So, slowly, many investors drifted into Real Estate taking with them a voracious drive to make money. They became an artificial force driving up values that were based on supply and demand but controlled by the frenzy not by ready willing and able buyer and sellers subject to normal market conditions.
UNCLE SAM ALMOST WENT UNDER
Banks couldn't package dysfunctional and questionable functional loans quick enough to sell in bulk even purchasing failing and severely non-performing assets for resale with promises of insured securities and the ultimate Uncle Sam will never let you fail as their closing pitch. This caught on globally quickly and was as deadly as a snake strike.
WATCH THE UNRESTRAINED
What fueled it all? Greed unleashed with no restraints winner take money and take all. The public was worked into a whirlwind as well to join the frenzy in progress. If the nation all lines up to do something, well it will be done. We all shot ourselves in the foot on this one. Make a buck anyway you can?
AGENTS GAVE IN...
Agents were seduced to the dark side of the force. They saw where they could make money by bending the rules or looking the other way. You see that is the problem. Its like being a sheriff in the old west. You are the only law around. If you are corrupt, there is no law. Same with agents. Include loan officers, appraisers and the Stock Brokers selling the secured loans too
BRINK OF DISASTER
Try to take in the magnitude of the failure. AIG, which insures loans, good, bad or ugly could not make good on the staggering losses and had to be bailed out. So did all the other top performing players in these fields...That's how bad it was. Brink of disaster bad. Uncle Sam had to make good or die trying!
LIE CHEAT OR STEAL UNTIL CAUGHT
If an agent disregards the qualifications of their own licensing to get ahead at all costs, then they are no longer operating as a licensed agent should but more of a rogue agent waiting to fall and until then trying to make a killing any way they could. The ends justify the means. Lie cheat or steal but score?
ETHICS ARE NECESSARY FOR ORDER
I have walked away from people and deals that looked good but were too good to be true and especially from the questionable men who were involved in them. Men who had the golden rule and thought they could buy their way out of anything or trample on anyone to get ahead. I knew if something went wrong, it would all land on me at some point. People without ethics leave you for dead when things go south...D.E.A.D......DEAD!
FIDUCIARY AND FAIR & HONEST DEALING
What kind of agent are you? Be the one as represented to do good business in a fair and honorable way leaving no doubt where you stand. All that is worthy in the end to be left standing will be ethics, morals truth, justice and righteousness. All the rest of the nonsense will fail. It always does
Comments(7)