Monday, February 16, 2009

Why I Post Full Names

Transactions records are public records so that the whole world knows who bought what. That prevents fraud and is in the public interest. That is why we have a County Recorder in every locality in America.

I will not post the names of private citizens.

I will, however, post the names of "public figures" in real estate or financial management.

A public figure would be a person who is quoted in newspapers and advertises himself or herself as an expert or insider of the market. A person' whose name is plastered all over the Internet, billboards, newspapers, or on note-pads in every house in the neighborhood. A real estate agent with bench ads in her community and whose name is easily recognizable is a public figure.

Those experts make money of their notoriety so they should be called to account when they give bad advice, or lose their houses themselves.

- Realtors. I understand that they are near the bottom of the pyramid in terms of the financial fraud that besets our country. But Realtors are the public face of the real estate industry in which millions of homeowners have lost their entire life savings.

- Financial advisers.

- Other so-called real estate experts such as economists, authors, business people, developers (eg Alan Gin, Alan Nevin, et al)

- Real Estate industry executives (Cary Burch, et al)

As a patient, you are entitled to know the death rate statistics of a surgeon or a hospital before your submit to the scalpel. The same principle should apply in real estate and finance.

Let me know what you think.

2 comments:

  1. I agree w/you. It is public record and if you're putting yourself out there to the public, the public is entitled to know what you're doing. You are not private if you are advertising and basically selling "yourself."

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  2. AMEN! This is what freedom of the press is all about. It is helpful to highlight since these people give advice and are supposed to know the industry inside and out.

    This information shows that even people "in the know" can make mistakes or get greedy, ending up getting bitten.

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