Do Not Pass Go

Real Estate Agent with Prestige Properties

Thankfully the Federal Trade Commission has issued a statement that they are cracking down and investigating many of the so called get rich schemes.  This includes the ones that promise people they can get rich buying and selling real estate without using their own money.

How many times, as an agent, have you been asked about these stupid schemes.  You want to be honest and let people know they are not legitimate but at the same time you don't wnat to be too critical because then it sounds like sour grapes and you are jealous.  You end up walking a tight rope while these crack pots make money hand over fist ripping people off.  I think overall it hurts real estate agents in the public eye because the public does not distinguish the difference between the real agents and the phonies.

I applaud the Federal Trade Commission for this move and hope they continue to make sure that honest people are not taken advantage of.  It also helps us agents trying to earn an honest living and help people realize their home ownership dreams.

Comments (1)

Todd Clark
eXp Realty LLC - Tigard, OR
Principle Broker Oregon

Don't bad mouth them all, but most of the money from these is made from selling the books and the programs and that is a major part of the problem. It does take work, but you can do it and I've done it many times buying on lease options and owner financing and then selling or renting to others for a profit, never having actually using any of my own money.

Todd Clark -

Jul 02, 2009 01:50 AM