Broker Social Commercial Real Estate and Property Discussion (To Post Login) - New WatchDog Agency For Commercial Real Estate
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crguy
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1 Posts

Posted - 02/10/2010 :  12:47:42  Show Profile  Reply with Quote
Sorry but it is a fact, there are a lot of dishonest people and companies in commercial real estate. The bad ones are not always easy to spot. There are also so many get rich quick guys advertising these days it can make your head spin. The honest people and companies are having a rough time reaching their potential customers as the bad guys leave barely any room for legitmate marketing.

Due to this we need a new government watchdog agency focused just on commercial real estate fraud and the commericial real estate industry. The agency should be run some what like the FDA. We could call it CREA (commercial real estate agency) and they could provide education/regulation and help shut down the crooks. I think this would help our industry grow, as the honest players would prevail, trust would be regained and more deals would follow. What do you think?

I am asking you do we need an additional watchdog agency to police our industry? If so what should their scope be?

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