Fannie Mae and Freddie Mac are hiring unlicensed people to inspect homes for $50 to $75, with no oversight or qualifications required. A small-government advocate argues this needs regulation to protect homebuyers from unqualified inspectors entering their homes.
Fannie Mae and Freddie Mac are rolling out a new program looking for data collectors. If you're in real estate, you're getting these emails that say, "Hey, new career path in real estate. You can go be a data collector. And for the princely sum of $50, $60, $75, we'll pay you to walk into a house and check off some information for us. Hey, do an inspection without a license. Hey, check out the structural items without any guidance and then give the information back to the bank." I want you to know this about these data collectors. The way they've set the program up, y'all, they don't have to be licensed, which which means there's not a regulatory body that is going to be able to oversee them and look out for consumer protection. Now, y'all know I'm kind of a small government girl. Well, not kind of, I am a small government girl. I'm not a huge fan of heavy regulation, but regulation has its place.
