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A residential broker should be a residential broker".
A mortgage broker should be able to help you explore all the options.
Still, the lender or broker should be able to discuss why a particular service provider was recommended and how competitive the fees are.
On Monday, the regulator e-mailed a notice to arbitrators, advising them that information about a broker "should be expunged only when it has no meaningful investor protection or regulatory value".
Most real estate firms, however, have access to a database of listings, and your real estate broker should be able to provide information about other recent sales in the building you are interested in, or for similar apartments in the neighborhood.
"Any representations made by a broker should be true," Mr. Hall said, adding that brokers also have an obligation to be familiar with basic legal concepts including the requirement that a three-family house must be approved as such by the city.
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Second, brokers should be allowed to function only as agents, not as dealers.
At issue is whether brokers should be required to put their clients' interest first — what is known as fiduciary duty.
Brokers should be bustling about in a frenzy of deal-making, as clients insure their large risks for another 12 months.
"It's not the young people drinking Starbucks that brokers should be targeting, it is older people who drink green tea," he says.Most of Matsui's customers are indeed over 50.
Claus Leggewie, director of the Institute for Advanced Study in the Humanities in Essen, Germany, wonders why wealthy financiers and power brokers should be entrusted to devise solutions to a crisis that he argues is largely of their own making.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com