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Jun 29, 2022
9:12:05am
byukarl All-American
be careful when getting advice from professionals
who receive commissions selling the product you are inquiring about and that applies to any investments.

Real Estate agents are not economists. They are salespersons. Some of them are pretty educated but the very nature of their job
is to help people buy and sell real estate. I used to pitch mortgages, we did the same thing in 2008. We all knew the market was
collapsing at the end of 2007, but if you got a call to ask for a loan, you didn't try and talk that person out of that loan. You used
your "training" and sales skills to make sure that the business closed in a timely manner. When I had clients ask specifically "where
is the market going", I'd reply with, "I'm not an economist, but if you have paying attention the market is getting risky".

Hence the issue with Real Estate agents (being paid commission or anyone for that matter). The problem is not every "professional"
behaves this way.
This message has been modified
Originally posted on Jun 29, 2022 at 9:12:05am
Message modified by byukarl on Jun 29, 2022 at 9:16:35am
byukarl
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byukarl
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