Regarding the article “Fed Advocates REO Rental Program” (Daily Real Estate News, Jan. 5, 2012), the Fed needs to ease the restrictions for investor loans to investors that have good credit and maintain more than four mortgages in good standing. We have lots of potential buyers in our marketplace, but because they have four or more loans, they are prevented from purchasing. It’s a ridiculous restriction and inhibits small business. Loans to qualified investors were not the mortgage problem.
In 2012, REALTORS® will be going back to the (virtual) classroom, marching on Capitol Hill, and earning rewards for engaging with their association.
Maybe it’s all the tweeting I’ve been doing (via @realtormag), but 400 words feels like a lot to write about one topic. Instead, a potpourri.
Banks can spur a housing recovery by providing underwater borrowers relief through principal reduction.
“Unethical recruiting is rampant these days because of desperate brokers,” says Dave Tina, general manager of Realty One Group in Las Vegas. “I’ve seen brokers saying that the company the sales associate works for is going bankrupt when it’s financially solvent or that it’s been bouncing commission checks when it never has.”
REALTOR® Magazine ethics columnist Bruce Aydt, general counsel at Prudential Alliance, REALTORS®, in St. Louis, shares his thoughts on doing the right thing when faced with the six most challenging articles in the NAR Code of Ethics.