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From: dave@cylixd.UUCP (Dave Kirby)
Newsgroups: net.invest,net.consumers
Subject: Re: "No Money Down" (Really Real Estate Brokers)
Message-ID: <634@cylixd.UUCP>
Date: Fri, 27-Dec-85 13:25:16 EST
Article-I.D.: cylixd.634
Posted: Fri Dec 27 13:25:16 1985
Date-Received: Sat, 28-Dec-85 23:23:47 EST
References: <587@cylixd.UUCP> <11288@ucbvax.BERKELEY.EDU>
Reply-To: dave@cylixd.UUCP (Dave Kirby)
Organization: RCA Cylix Communications , Memphis, TN
Lines: 14
Xref: linus net.invest:969 net.consumers:3237

In article <11288@ucbvax.BERKELEY.EDU> spp@ucbvax.BERKELEY.EDU (Stephen P Pope) writes:

>Actually, realty agents are required to present to the seller
>all offers, however absurd... So agents who categorically reject
>no money down offers aren't doing their job...

Yes, if the OPM buyer goes directly to the seller's agent. But a detail
I omitted from the article is that many of these seminar graduates
will go to a broker wanting him to be their buying agent, so they
can get a look at the multiple listing and write a ridiculous offer
on everything listed there. This is what the agents are turning down.

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Dave Kirby    ( ...!ihnp4!akgub!cylixd!dave)