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Do you trust Realtors?

Posted on : 03-12-2010 | By : Sumina | In : Education

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During an interview at the recent National Association of Realtors (NAR) convention, the FHA commissioner David Stephens had this to say about consumers trust in the real estate industry.

But Stevens cautioned that lending isn’t the only challenge today. The real estate industry also must close a "trust deficit" with Americans, especially with echo-boomers in their early 20s to early 30s who represent the future of real estate demand…."We’ve got to weed out the bad players," Stevens said to loud applause.“Shed the light on anyone who’s just out to make a buck. We need to have very accountable and responsible behavior.

It’s nice to see that even those who are higher up are seeing the lack of trust that the average consumer has in the average real estate agent.  As an industry, we’ve done a pretty crummy job in the past several years creating a lack of trust with the American public. And for those of us who are going to stick around in this career, it’s our job to clean it up.

expertAs a consumer, what would make you think that an agent actually cared about YOU; cared about your home, your transaction, and would be there to answer questions for you after the deal was done?

As the future of the real estate industry changes, I think the trust level that the consumer is going to expect and SHOULD expect from a real estate professional, yes, professional, is really going to change how the real estate market operates. And I, for one, say bring it on.

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