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From: (no name) (no email)
Date: Thu Nov 27 2003 - 20:38:30 EST
'Lo all,
I was asked to send forward a post to TWL that I had sent privately, the
following is a shortened version of that post.
>All of the brokers' comments are food for thought. I enjoy reading these
>comments, even if I may not agree with all that has been written. They
>cause me to re-analyze my understanding of the subject. They give insight
>into an area where few really understand the inner workings. Kind of like
>lawyers, politicians and insurance salesmen. We just LOVE to hate them,
>and blame most all of our problems on them. However, if we collectively
>did our homework and performed our duty to become educated consumers
>relative to each of those professions, we would know when and how to use
>their services and products to our advantage and possibly even terminate
>many of their abuses by refusing to purchase their products or vote for
>them. Instead, we simply complain, join a political party who "thinks" for
>us; or, on the other hand, we don't use their services when we should and
>REALLY complain because then our ignorance has cost us dearly and, after
>all, we simply MUST blame someone else. I think we are all guilty of this
>to some extent.
>
> It also seems that many on the list think that a broker should keep
> buyers from making a bad purchase. That seems to be the genesis of a bad
> attitude about brokers. That, and the negative feeling about paying for
> someone's services when the value or necessity of those services are
> really an unknown. There are definitely areas where honesty is paramount,
> and others where it really isn't. Transactions of money should be totally
> honest and above board, but opinions of suitability, beautiful lines,
> etc., are not areas where one should expect total honesty - it is up to
> the buyer to know what he wants. Or, said in another way, who would tell
> grandma that the sweater she knitted for you was ugly?
>
>It is interesting to read the various opinions about the broker working
>for the seller. I, too, felt that way for a long time. True, that is where
>it all starts, but unless there is a buyer, the broker makes no money.
>I.E., if the broker does not work to sufficiently satisfy the buyer's
>requirements, he makes no money. The comment that the broker works for the
>"deal" is about the most concise statement made. On one purchase I tried
>to make, the broker did his best to get the seller to agree to my terms.
>The seller finally did, on all but the length of time to make final
>payment, which the lending institution simply could not meet. That became
>the show-stopper. The broker, was in fact, working for the "deal".
My discounted 2 cents worth...... Everyone's MMV....
Next subject....
Take care and be safe
Wayne
M/V Celestial
Albin43 Sundeck
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