It's Called The Dark Side of Check-Flashing For A reason: Wholesalers and Gurus on Social Media I have seen this practiced extensively. It is something gurus teach. But be real and don't do this. In the age of social media, success stories and financial achievements are often flaunted across various platforms. Wholesalers and gurus in the business and self-help industries are no strangers to this trend, frequently sharing pictures of hefty checks as proof of their prosperity. While these displays may seem inspiring at first glance, there is a darker side to this practice that raises concerns about authenticity, ethics, and the impact on their followers. Misleading Representations: Absolutely why you shouldn't do this. One of the primary drawbacks of wholesalers and gurus showcasing their... Read more
Tag: market reactions
Navigating the Mortgage Industry: Current Market Conditions and Key Events
Navigating the Mortgage Industry: Current Market Conditions and Key Events Introduction: The mortgage industry plays a pivotal role in the broader financial landscape, influencing the housing market and reflecting the overall state of the economy. In this article, we will break down the various aspects of the mortgage industry, including its current market conditions and recent events that have shaped its trajectory. I. Overview of the Mortgage Industry The mortgage industry comprises a complex web of lenders, borrowers, and investors, all interlinked by the financing of real estate transactions. The mortgage market can be broadly categorized into two segments: the primary market, where loans are originated, and the secondary market, where these loans are bundled into securities for sale to investors. II. Current Market Conditions... Read more
A Turning Point for the U.S. Real Estate Industry: The $1.78 Billion Verdict and Its Far-Reaching Consequences
The Sitzer | Burnett Commission Trial U.S. Real Estate Industry: The $1.78 Billion Verdict and Its Far-Reaching Consequences In a groundbreaking legal decision, a federal jury in Kansas City, Missouri, has held the National Association of Realtors (NAR) and several key residential brokerages, including Berkshire Hathaway affiliates, accountable for artificially inflating commissions on home sales. The jury's award of $1.78 billion in damages could escalate to over $5.3 billion under U.S. antitrust laws, marking a potential sea change in the real estate sector. The Backdrop of the Case The lawsuit was a class action initiated by sellers of over 260,000 homes in Missouri, Kansas, and Illinois between 2015 and 2022. These sellers challenged the commissions they were required to pay to buyers' brokers. The two-week... Read more