Good news for consumers in New Jersey: A new state law now allows real estate agents to rebate agent commissions to the buyer. This has the direct impact of reducing consumer
News Feed
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03/03/2010 - 16:01
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10/29/2009 - 16:33
Large multiple industry interests are watering down the Consumer Financial Protection Agency (CFPA) bill through intense lobbying. One of the most recent amendments to the bill |
Who Are the Regulators?
We want to collect information on regulators who are charged with enforcing residential licensing laws. The Consumer Federation of America "CFA" did a study on this topic in 2006 and found some very disturbing results (See attached CFA Report). We want to expand on their work and challenge these regulators to examine how they have neglected to disclose their conflicts of interests and how those conflicts at a minimum provide the appearance of impropriety. Regulators are fiduciaries at the highest level and we believe that conflicts of interest do not belong.
Also, here is an interesting blog posting by our Executive Director that he did prior to his work for CAARE:http://realestateethics.blogspot.com/index.html#4834937585758812116
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| cfareport.pdf | 394.41 KB |