Know your Disclosures

One of the great things that has come out of the bursting of the housing bubble was a cleansing of the industry. Those mortgage brokers and real estate agents who held licenses to sell a home here and there and originate a loan every quarter are almost all gone. And if they're not gone now, they certainly will be soon. They simply will not be able to manage another job, part or full time, and keep up with the many changes that are happening in the industry.

Now, I am all for people who are hard working enough to put in extra time to make a buck but this isn't the garage sale of professional industries. There is a lot to know, a lot to stay on top of, and not staying on top of your game in the real estate industry can be detrimental to the future financial security of the families who you assist. This is usually the most important financial decision your clients will make, and not treating it as such could mean disaster for your clients.

Now I want to step off my soapbox and say that I am proud there has been a cleansing of the industry. However those who are still in the industry should continue to brush up. What type of doctor would you rather have in open heart surgery? The one who reads in medical journals every other day or the one who hasn't picked up a text since med school. Stay on top of your deadlines, stay on top of changes happening in the industry and get involved. Use the Praedo Institute as a resource to staying involved. We will do our best to keep you on top of what is going on. We are committed to helping you succeed and we believe in this industry.