Real Estate Agents

Many agents are personal friends of mine so I trust my comments today are kept in context .

One of the wonderful things about the recent changes to the law in New Zealand is that the quality of agents is increasing rapidly.  One major franchise estimated they would lose 30% of their agents through the changes. In the main it is the unethical and unskilled people who will tend to leave as the industry becomes more professional and accountable.

I have met a number of new agents in the last month and have been quite struck by the “new breed” of helpfulness and professionalism.  This may actually become an industry one can trust in New Zealand rather than 5th from the top of least trusted professionals as at last years survey.

So the interesting thing about all this is that if it is relatively “simple” to change an entire corrupt industry surely we could also legislate to fix car salesmen, politicians and telemarketers who are the top 3 least trusted professions.

And another question for Monday morning,:

How sad is it that the only way to clean an industry up is threat of fines and jail.  Whatever happened to personal responsibility and pride in ones work?

Stay Inspired and Stay Safe ~ Dean Letfus

The Ethical Investor