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.
