BrokerageIndustry News

FTC: Fewer real estate complaints

Consumers have more gripes about credit reporting, lending
Published on Feb 27, 2009

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by CareyBot

Consumers filed 6,573 complaints about real estate professionals with the Federal Trade Commission and other agencies in 2008, down 30 percent from the previous year.

Although consumers are still filing more complaints about real estate professionals than they did at the tail end of the housing boom, a dramatic increase seen in 2007 seems to be waning. Consumers filed more than five times as many complaints about real estate professionals in 2007 (9,381) than they did in 2006 (1,804).

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