Special Report on
Realtor and Loan Officer Responsibility
Realtor and Loan Officer Responsibility - Trends
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Over the years, I have seen some very poor performances both by realtors and loan officers when it comes to looking out for their clients best interest. But many will argue that the loan officer has a fiduciary responsibility to the investor, not the consumer. Is this a fine line? What about those loan officers that don't care about either? Shouldn't it be the consumer first? Besides, if a loan officer looks out for the consumers best interest, shouldn't this be good for the borrower? Or is it a fact that you should make a loan and make it happen, which helps the investor/lender? Now, ...
Every month I get a couple of magazines because I'm a Realtor. In one of this months, was a letter from someone who was proud of the fact that he had never asked someone if they could afford the property, despite having been in the business for decades. Essentially, this reduces to, "I'm in this for the commission check, and what happens after that is none of my business." Contrast this with investing in the stock and bond markets, where the SEC and NASD have mandated an entire slew of regulations and practices. Before any financial licensee accepts your money, he or ... Read More
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REALTOR AND LOAN OFFICER RESPONSIBILITY
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Liberty Mutual Responsibility Film "Dave Knoll Finds His Soul"
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