BrokerageIndustry News

Brokers give Uncle Sam mixed marks

Part 1: Discontent with appraisal rules, support for tax credit
Published on Jan 29, 2010

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by CareyBot

The best thing the government can do for real estate brokers is to implement tougher licensing requirements that would raise the bar for entry to new agents, said a group of real estate brokers surveyed by Inman News.

Conducted from Oct. 16 to Jan. 12, the online survey captured the views of 179 brokers doing business in 37 states and Washignton, D.C., and also generating two responses from Canada and one from India.

The survey found that new rules for appraisals on loans slated for purchase or guarantee by Fannie Mae and Freddie Mac are viewed as the most problematic government law or regulation affecting the real estate business today.

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