Uploaded by RealEstateConfession on May 28, 2009
http://www.RealEstateIndustryWhistleblower.com Guess What after almost a Decade My First "Audit" by the State Real Estate Regulating Body, in my state it is Called the Montana Board of Realty Regulations..
State Governing Body Does Not Cooperate in Helping the Real Estate Agent to Get Forms. If they Did it would be in the Best interest of the Real Estate Consumer. Possibly even forms that actually were in the Best interest of the Consumer and Not Just the Realtor.
Ok, almost a Decade as a Real Estate Agent and My Very First Audit. Hmmmm wonder where that came from. Could it be because I yap and yammer about the Board of Realty Regulations NEVER auditing.
The State Governing Body has nothing to do with the MLS data, yet the accuracy of this data is what the entire financing industry is based on. The mortgage market industry, the collapse, that was all based in a foundation of real estate loans based on real estate equity built on Real Estate Data that was NOT and is Not policed for Quality Control of any kind.
Why is your State Governing Body not made to REALLY police the Real Estate industry? Well probably because most real estate agents HAVE to be Realtors in order to participate in the game and the National Association of Realtors is left to do as they please in policing their own industry and they fail miserably. Oh well, this failure pays Big Time.
And the Real Estate Consumer keeps coming back for more, they kind of have to. Yet NAR says that being a Realtor is not Mandatory BULL. Your State governing Body should, indeed, watch over the Association of Realtors at the State and Local Level but they do not, they are their for licensing purposes and to make sure you dont break the laws in place by the state. Oh wait thats not true either, because when you tell them what a real estate broker - a Realtor has done to you as a Real Estate Consumer they tell you there is nothing they can do and they suggest a Real Estate Attorney.
Then you spend all your money and then some fighting for what the Realtor told you, promised you that you were buying in the first place.
There is a serious gap in the State Regulating boards and what their responsibility is to the Real Estate Consumer. They DO not make Realtors follow the laws, they do not enforce the laws, but yet. http://www.RealEstateNark.com
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