Dec 092017
 

Note: The following article is reprinted with permission from an e-newsletter published by Paul Stearns, State Representative for District 119. Licensees should be familiar with the Consumer Protection Bureau as it pertains to real estate financing and closing, but may not be familiar with the many resources available and issues addressed.


As a consumer or business person, you may be more familiar with the work of the Federal Trade Commission (FTC) than you think.  The FTC deals with issues that touch the economic life of every American.

The FTC is the only federal agency with both consumer protection and competition jurisdiction in broad sectors of the economy.  The FTC pursues vigorous and effective law enforcement; advances consumers’ interests by sharing its expertise with federal and state legislatures and U.S. and international government agencies; develops policy and research tools through hearings, workshops, and conferences; and creates practical and plain-language educational programs for consumers and businesses in a global marketplace with constantly changing technologies.  The FTC’s work is performed by the Bureaus of Consumer ProtectionCompetition, and Economics.  That work is aided by the Office of General Counsel and seven regional offices.

To access tips and advice for consumers, military consumers, or business, click here, here, and/or here respectively.

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Think Twice!

 Posted by at 10:51 am
Dec 052017
 

The spammers and phishers are getting smarter and smarter… but they are still not the brightest bulb on the string! Here’s an email that could sound fairly enticing at first blush:

There are only a couple of problems with it:

  • I am not currently practicing and do not have any listings.
  • The grammar is horrible, another red flag.
  • The links I’m instructed to click on are “weird” sites that do not appear to have anything to do with real estate (I determined that by “hovering” over them.)
  • Etc.

Tempting, isn’t it though?

If you’re working fast slow down. Think twice.

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Schools Rule!

 Posted by at 6:45 am
Dec 012017
 

ZipLogix offered this “infographic” for use–click to view a larger image… As someone with a deep interest and connection to schools, I did find it interesting. One question I find myself asking is “How do those parents who consider school quality important judge it?” Numbers (ranking is mentioned) do not tell the whole story! Licensees might consider what the terms “reasonable care,” and “due diligence” mean when a buyer client asks about the local school system. While unrelated to real estate, I recently had someone accompany me on a tour of our elementary school. Several things impressed her, including the fact that our students are quite polite, often holding doors open for us and greeting us pleasantly.

Touring schools may not be practical, but those practicing buyer agency may want to consider developing some resources and information beyond the standard ranking reports. At a minimum, we might “be the source of the source” by sharing meaningful contacts. Most schools have support groups run by parents: music boosters, sports boosters, or what used to be called PTA (Parent Teacher Association) or PTO (Parent Teacher Organization). Would it make sense to know some of those folks and introduce a prospective buyer?

Lots to think about here…

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