If I price at 95% of value today's and tomorrow do the same on a second property based upon my prior sale I justify that by buying at a value based upon that same sale.Until they outlaw capitalism and as long as we answer the ethics question who is to blame...BTW when you are granted a deed without constructive notice market that puppy at a price less then what you're willing to sell and at a largely reduced value and two economic strategies begin to play out..Happy huntingMichael

Recently I parted ways with them do to ethics conflicts and now... very little business for me....Does direct mail work anymore?

Here we go again.We need to stop classifying broker/agents as REALTORS.Not every broker/agent is a REALTOR.That doesn't mean they are less competent just that they got tired of paying bloated fees to the old NAR.The real estate commissions for each state give a rat's #ss about the NAR.All they care about is license laws and protecting the interests of the public.REALTOR designation is subscribing to their CODE OF ETHICS.Doesn't mean you have no ethics if you are a broker or agent an not a REALTOR.Theoretically you could also argue banks could lose their shirts not having qualified brokers on the ground level handling their assets.What banks pay is cheap in commissions compared to the infrastructure that would be needed to do everything in house.Whether that buyer buys direct with the listing broker or uses a buyers broker the cost is the same BECAUSE the bank allocates for the total commission payout at the time the asset manager assigns the listing to the broker/agent.It will just be xx percent on the HUD to 1 brokerage or split between the buyers broker and the sellers broker.I am talking about the REO side in general and not short sales,etc.

Things like ethics and morals should trump it.

Guess she read Josh's post.Here is Ms Rhodes as her alter ego, Rich Lady Business Partner, spouting off about ethics http://sta.rtup.biz/profiles/blogs/what-are-your-ethics-saying.

They apparently were in several violations of the code of ethics.

These are professionals with additional training and a stricter code of ethics.

Now, some liabilities are minor (not mowing the lawn if you provide the service) while others are substantial (such as having bedroom without a second method of egress).As Joe indicated, the list is diverse and long, but it boils down to you are obligated to provide a safe abode (clean, healthy, and in good repair) to your tenants and to conduct your business affairs {hopefully} ethically and within the spirit and letter of the law.  

The "lingo" is different, what the investor may call wholesaling the Realtor may call it a net listing, so investors need to know the lingo used on both sides of the table.Investors as a group have no rules or regulations or ethical requirements (besides acting lawfully) but Realtors are restricted by ethical codes, rules of a broker and regulatory matters at the state level.

BiggerPockets Family - I have a question. As a newbie, I don't have enough capital to complete my first deal. HOWEVER, I just heard about wholesaling and how that may be the best option for me. Any tips or advice for ...