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Desperate Agents Across the Pond  

It seems our friends across the pond may need to take similar steps to those of California.

The BBC recently completed an 8-month investigative piece on the world of realtors in England, or estate agents as they are termed over there.

The story is a shocking journey through secret kick-backs, fraudulent mortgages and fake passports. And that’s to say nothing about the ruthless competition.

With housing values as they are, each and every listing represents a lucrative outcome for the agent representing it. With compensation almost purely commission-based, it means more and more people chase the dream. As the article indicates it can also produce a horrible situation of lies, fraud and untrustworthiness.

Go and read the piece, and be shocked.

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Written by Administrator

March 24th, 2006 at 12:12 pm

Posted in Industry News

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