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Gotcha. Actually, I don’t.
Let me explain.
One of my good friend’s wife is a Realtor. She’s a nice lady. I like her and I like them as people. I was talking with her not too long ago after she had read my blog. She said to me “Wow. You really hate Realtors. You must think I’m scum.” or something to that effect. I quickly found myself stumbling over myself to explain that I don’t hate Realtors – in fact many people that I respect and am friends with are Realtors. I also have many friends in all areas of the mortgage origination, secondary market, securitization desks, Wall Street houses, regulation – you name it. I told her I didn’t hate those people either.
But when your friends start thinking you hate people because of what you write it’s time to set the record straight.
I Actually Like A Lot of Real Estate Agents
There are a lot of real estate agents that I like and admire. There are a lot that I don’t like. The ones that I do like are the ones that share values that I share – honesty, a realistic view of the world and ethics. They don’t have to prescribe to my particular view of the market; and in fact I’ve had many spirited discussions with them on the topic that result in new understanding reached by both of us. What they do need is to be able to look at our current situation in an objective and honest way and be able to intelligently articulate their viewpoint (whether positive or negative) about the market. Those people, with class, intelligence and ethics are the people I aspire to know and emulate. If they are Realtors then I respect them as the professionals that will lead us out of this mess. (Similar to the remaining mortgage pros that are still standing after the chaff has been separated.) Those are the real estate agents that I like.
The Ones I Don’t Like
The phonies are the ones that I don’t like. The ones heavy on the Kool Aid. The ones overly-optimistic to a point where it’s poisonous to the people they interact with. The David Lereah clones. If you are one of those Realtors then the title above applies to you.
But for the Record – I like Realtors
This blog has never been about trashing a particular occupation or belittling people for what they do for a living. This blog has always been about exposing the trash that inhabits our industry and helping people get a balanced perspective about the mortgage and real estate industry. I consider Blown Mortgage a counter-weight to the Rah-Rahing that goes on in the blogging world and sound bites from many Kool Aid drinking real estate agents.
Many Realtors are smart, savvy and looking out for their client’s best interest. If you are a Realtor and this is your MO we’re probably friends. If you’re a Realtor and the sun is always shining and you think we’re not in a down market then we won’t agree on much.
Thanks for reading whether you’re a Realtor, a consumer, a mortgage professional, an investor or someone else. I only hate people who take advantage of others. Other than that we’re here to talk about the problems in the industry and what can be done to learn from the mistakes made and improve the quality of our industry for the people that rely on it.
Morgan
Last 3 posts by Morgan
- Subprime Bananas - June 28th, 2009
- Roubini: No confidence in government exit strategy - June 24th, 2009
- Goldman bonuses largest in firm's 140-year history - June 21st, 2009
Related posts:
- Why I have a love/hate relationship with Realtors
- National Association of Realtors doesn’t want you to watch 60 Minutes
- Guest Post: Why do traditional Realtors despise discounters?
- A couple thousand reasons why I hate my industry sometimes
- Realtors and home shoppers need dose of realism when looking for homes
















