The closed loop
“For decades, the real estate industry has operated under the principle that the less information buyers and sellers have, the better it is for agents, lenders, title companies, and all the other folks who eat from the trough. But the real estate tide seems to be turning, as the housing and credit crises of 2008 have heightened awareness in Washington, D.C., and on Wall Street about the catastrophic consequences of a closed information loop – Michelle Singletary of Washington Post quotes Ilyce Glink in “Buy, Close, Move In.”
I am a Civil Engineer from Louisiana State University. The compound word, Americaneer, is a combination of the words, American and Engineer.
[...] practice in the self serving and closed looped real industry where a large group eats out of the same trough. The apparent advantage is that the home buyer can show the home seller that they are more likely [...]