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Why consumer protection in the real estate sector?

Updated: 9/17/2023
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Marinamcc

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14y ago

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One reason is that the real estate business is a perfect place for unscrupulous "professionals" of all types to prey on less sophisticated people. That means real estate agents, lenders, inspectors, lawyers, surveyors, contractors, etc.

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14y ago
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Why consumer protection in the real estate sector is important?

While there are plenty of honest people working in the real estate sector, there are just as many that are fraudulent. A high level of consumer protection is needed with this industry to ensure that consumers don't get taken advantage of in real estate transactions.


To Indian economic sectors that are rapidly expanding to the international market are what?

the sectors which are going to see an upsurge in the coming decade are the energy sector, real estate sector, services sector, and the boifuel sector.


Why do you want to join in real estate sector?

People may join the real estate sector because they enjoy showing homes and making money. They may also enjoy seeing the joy on peoples faces when they find the perfect home for their family.


Is Real Estate a lucrative investment option?

Yes, Because real estate sector is one of the sector which has always high percentage of capital gain for the investors. In the case of the developed countries or developing nations, each and every economy tries to maintain its financial infrastructure as sound as possible so that they can easily attract more number of investors and business personnel to involve with their economy. Real estate sector depicts the true economic development of a particular nation. baja247.com


Who are Stakeholders in real estate industry?

Stakeholders of any industry means all those who are related to that industry, directly or indirectly. Therefore stakeholders of real estate industry are real estate developers, property brokers, home buyers, land owners, property owners, housing finance institutions and all those are related to real estate sector

Related questions

Why consumer protection in the real estate sector is important?

While there are plenty of honest people working in the real estate sector, there are just as many that are fraudulent. A high level of consumer protection is needed with this industry to ensure that consumers don't get taken advantage of in real estate transactions.


What has the author Philip S Lapatin written?

Philip S. Lapatin has written: 'Consumer protection in Massachusetts' -- subject(s): Consumer protection, Law and legislation, Real estate business


How do you go about real estate blogging?

Hi. write on tenants and landlord issues, property ownership policies and investing in the real estate sector. Regards, Brett


To Indian economic sectors that are rapidly expanding to the international market are what?

the sectors which are going to see an upsurge in the coming decade are the energy sector, real estate sector, services sector, and the boifuel sector.


Why do you want to join in real estate sector?

People may join the real estate sector because they enjoy showing homes and making money. They may also enjoy seeing the joy on peoples faces when they find the perfect home for their family.


What is a crespa agreement?

I believe you may be referring to the Consumer Real Estate Settlement Protection Act (CRESPA), which forbids acting as a “settlement agent” unless licensed as 1) an attorney, 2) a title insurance agent or company, 3) a real estate broker, 4) a “financial institution” (defined by Virginia Code as banks, savings institutions, credit unions, state chartered industrial loan associations or consumer finance companies), or 5) an affiliate or subsidiary of a “financial institution”. Check out the link provided below.


What kind of work does Abdul Latif Jameel do in the real estate sector?

Abdul Latif Jameel is a top company in Saudi Arabia with many businesses. One of their major sector is real estate. It offers both residential and commercial property development in this sector. It partners with big names to offer luxury and affordable homes to individuals.


What is the least liquid of all consumer investments?

Either houses or cars real estate


Is Real Estate a lucrative investment option?

Yes, Because real estate sector is one of the sector which has always high percentage of capital gain for the investors. In the case of the developed countries or developing nations, each and every economy tries to maintain its financial infrastructure as sound as possible so that they can easily attract more number of investors and business personnel to involve with their economy. Real estate sector depicts the true economic development of a particular nation. baja247.com


Which is the fastest growing city in India in real estate?

Delhi NCR is one the fastest growing cities when it comes to Indian Real Estate Market. Being the capital of the country and a large industrial sector around many real estate developers target Delhi NCR.


How you develop the broker network i real estate sector?

A Broker's License is required in each state where the business is conducted.


Who are Stakeholders in real estate industry?

Stakeholders of any industry means all those who are related to that industry, directly or indirectly. Therefore stakeholders of real estate industry are real estate developers, property brokers, home buyers, land owners, property owners, housing finance institutions and all those are related to real estate sector