Reply #21: If you knew the history of Real Estate in Texas--and most other states-- [View All]

you'd applaud the intrusion of TREC into the business. It took the Texas Association of Realtors close to 20 years to convince the state that oversight was needed.

People sellin' property that wasn't theirs, writin' deals with loop holes to drive a herd through, flippin' property back & forth to create the illusion of increased value 'til some poor fool civilian bought it. This stuff will make your blood run cold. Sometimes it still happens, but if HUD comes after you it isn't to collect a fine. You're goin' to jail m'friend.

There will be a huge increase in Mortgage Fraud cases in the next 10 years. It won't help any of the people de-frauded 'cause there's no place to go for the money. It's all on paper or spent.