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“I guess when it is too good to be true, the uneducated jump to be first in line and are always the ones hurt.”
Your statement above is true, and is the reason Buyers and Sellers rely on Realtors licensed by the State, to protect their interests, because they believe the Realtors have a Fiduciary responsibility to do so, as defined below.
“An individual in whom another has placed the utmost trust and confidence to manage and protect property or money. The relationship wherein one person has an obligation to act for another's benefit.”
Unfortunately, in some cases, the need, and in others, the greed, win over the Rule every time.
In other parts of the World, Germany for example, Realtors work on salary, not commission, which eliminates the Greed Factor, and increases incentive to do the right thing, or be fired.
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