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Thread: inspector paying the agent!?
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06-06-2007, 09:00 AM #1
inspector paying the agent!?
Just got off the phone with a fellow inspector from accross the river ( Ga.).
He told me that a large real estate co. also owns the listing books that you pick up at the stores.
Because of this (if I understand correctly) to do any sort of work with them or to be on their list of contractors, you have to pay quarterly dues.
What!!!!
That may be OK for a landscaper or GC but inspectors? That sounds totally un-ethical in more ways than one.
The same co. has offices on my side of the river as well. I never get anything out of them but I ain't hungry.
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06-06-2007, 09:31 AM #2
Re: inspector paying the agent!?
That is one thing that TX got right (at least in theory) referral fees and paying to be on a "preferred" list is illegal.
You might want to check the federal regulations RESPA (?) which also regulates real estate transactions, there are some limits about referral fees, etc. there also.
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06-06-2007, 12:50 PM #3
Re: inspector paying the agent!?
I don't think they can do that on this side of the river (S.C.) but I'm gonna look into it.
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06-06-2007, 01:04 PM #4
Re: inspector paying the agent!?
I have the same problem with "HUNT" reality's here in NY. I called the realitor and they said it was advertising and legal in NY. I think that is BULLLLLLL ship. I had posted this same situation not too long ago. I was told then that I should call the At. General and possible HUD. I have not taken any steps as of yet as I live in a small town and am fearful that my calling will effect me in other ways. To me and any reasonable breathing human, that this is not ethical and or legal.
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