Have you ever wondered where your least favourite real estate agents go when all of a sudden they almost seem to disappear into thin air and then re-emerge 90 days later?
Well my friends, I have a theory.
Common answers to the question “what happened to [insert dodgy agent’s name here]?” include “oh he’s just gone on a long holiday” or my personal favourite “he’s decided he’s just working on the business for now”.
*LOL is an acronym used commonly by kids these days which stands for ‘laugh out loud’.
The truth behind these unexplained disappearances is far more likely to be a 90 day license suspension by Fair Trading (and you guessed it on the 91st day it’s back to business as usual).
Apart from a rate cut this week, the major news story in real estate has been around Ray White’s former golden boy who was mauled in the media for a whole host of breaches with Fair Trading. The OFT seem determined to make an example out of Mr Tesolin, but is he just the fall guy for an industry that is hypocritical and too afraid to look in the mirror?
Let’s be real, bait pricing and misleading conduct in real estate is rife. I’d suggest that instead of a 90 day sojourn on the naughty step, the relevant authorities may need to take far more severe action to tidy things up.
Ok, I’m going to get back in my box and focus on my day job. We have some wonderful property on offer and we may just see some sunshine at our opens tomorrow, hope to see you out there.
Until next week,
David Murphy