It's about time the MSM woke up to the fact that realtors played an incredibly unethical, corrupt, evil and dishonest role in the Late Great Housing Bubble and Crash.
One more time for HP'ers and our realtor guests, to be crystal clear:
realtors are uneducated, immoral, unnecessary, commission-hungry leeches, who conned people into "buying" homes they couldn't afford, homes that the realtors knew were overpriced, homes that the realtors knew their suckers (oops, I mean their "clients") wouldn't be able to keep.
Ponzi Schemes need Ponzi's. Scams need scamsters. realtors may have made a killing these past few years, but now it's over. Never again. The profession of "realtor" is dead, never to return. Good riddance bloodsuckers. Go find an honest job.
Forbes: Where Were The Realtors?
To hear real estate agents tell it, they are indispensable guides through the hazardous home-buying terrain.
How is it, then, that millions of borrowers took on toxic subprime mortgages that could cost them their homes? Why did their agents not warn them off? While much criticism has been leveled at subprime lenders and mortgage brokers, real estate agents have yet to receive their fair share of the blame for the subprime mess, says Shanna Smith, president of the National Fair Housing Alliance. "I think the greed factor works with agents as well as loan originators," she recently noted.
Others say it's not that simple. "The broker, 99% of the time, is the agent of the seller, so the broker doesn't have any duty to the buyer," said Wharton real estate professor Georgette Chapman Phillips.
"It is my experience that real estate agents have been pushing people to buy more expensive homes than they were initially qualified to buy under 30-year, fixed-rate [loan]s," said Smith of the National Fair Housing Alliance.