The housing crash exposed questionable lending and financial practices of the countrys largest lenders. In this report, T3 Sixty examines why brokers and agents should be aware of, and prepare for the impact of the Consumer Financial Protection Bureau.
In this report, T3 Sixty asks industry leaders in what ways and to what extent the Consumer Financial Protection Bureau (CFPB)andor other new regulations will reshape the real estate business over the next 35 years.
The purpose of E&O insurance is to transfer financial risk and protect brokers and agents from dissatisfied consumers. But as we emerge into a new market of agent and consumer awareness, and the consumers increased concern for the present and future value of their real estate investment and financial responsibilities, E&O insurance will also start going through a transformation.
Prior to the Internet, the protection of data was taken for granted. With the move to a digitized world, security breaches in all industries, including real estate, are a given and identity theft has become one of the fastestgrowing crimes in the world. While government agencies and corporates are coming up with measures to combat these crimes, its up to individuals to safeguard their personal information.