There's an old saying: "there's no such thing as a free lunch." Today's episode takes a look at something that all real estate agents and consumer need to know about -- companies offering small amounts of cash to homeowners who are in need of financial assistance in exchange for decades-long listing agreements, some as long as 40 years! Is this even legal? Is it ethical? Who is at risk for this type of targeting? Maura and Cheryl discuss what you need to know to educate yourself and your clients.
Georgia License Law - https://law.justia.com/codes/georgia/2020/title-43/chapter-40/section-43-40-25/
Here's some follow-up reading for you:
https://finance.yahoo.com/news/mv-realty-introduces-residential-real-150000054.html
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