That’s a crazy bad idea. Someone who makes money on transactions shouldn’t be taking long or short positions.
Yes, but only to flip, a more recent strategy
Turns out the inventory you hold to flip can be enough to get you killed during a crash. Ask Lehman Brothers.
Agreed, I like their website a lot but don’t like them trying to sell houses
Seems like a pretty serious conflict of interest, being both broker and seller. I’d think twice about counting on them for price discovery now.
not only that but in highly competitive markets like the bay area, they may even hold out for buyers that use one of their own agents (and try not to sell to others). That way, they can make 3% commission on both the buying and selling side. It's a huge conflict of interest to their own client which technically isn't legal ~ they're supposed to consider all offers.