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Updated over 8 years ago on . Most recent reply
Fiduciary duty when investing- Broker banned for life
Read this article this morning, and thought it would be of interest to real estate agents and brokers who invest.
In my opinion the mistake was not providing a disclosure that the broker was not acting as an agent to the seller during this transaction.
Looking forward to any thoughts anyone has to share on this subject.
Link is below:
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Wayne Brooks
#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
As it should be. It's bad enough that non licensed scumbags were taking advantage of people with these scam sub2 arrangements, where they had no intentions of paying the mtg.s, let alone RE brokers in the business.