Realtors in colorado buying houses to keep up demand?
I’ve recently learned that realtors in southwest colorado are buying houses to keep up demand. I understand that they have been told to do so by their superiors in the real estate business (perhaps NAR?). Isn’t this a conflict of interest? If they buy the houses to keep demand high doesn’t that violate their fiduciary duty to other buyers? Isn’t this the same as a stock broker buying stock in a company just to keep the price up until he (or she) suckers other people to buy the stock? Is this happening in your area? What do you think of this?
By: insensitive male
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on Saturday, February 21st, 2009 at 12:00 am and is filed under Renting & Real Estate.
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By: insensitive male
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