I'm sure he thinks that.
Well he was getting costumers. Also, ifthe issue is that he went off on his own prematurely the issue is that he did not realize his limitations and not that he went off on his own.
Right, and training had nothing to do with it. Stop justifying poor moral conduct. הקרת הטוב is not optional. Particularly when you become direct competition its the exact opposite.
So you milk the first one for all the info, the hand holding, the million and one questions and have a ready package for the second one. Sounds like typical frum business. Like every tradesman that I know (plumber, electrician, carpenter etc.) 6 months after training his worker the guy is undercutting his old boss on pricing and taking jobs away. Whatever happened to loyalty? Trust? Even if it costs you over time. Small price to pay for a good moral compass. But thats a discussion for the ethics thread.
sorry I went thru the process from the other end and it looks quite different.... there wasn't a lot of hand holding and million and one questions... I provided the paperwork then continued to get more and more paperwork requested that could've been asked for earlier... waited and waited as they made up more and more issues that broker said would cause my rate to go up and each time I said then I'll go somewhere else and then they magically found a way to fix it each time until they tried to raise my my rate at the last minute when they thought it would be too late for me to switch but I did switch and gave the new broker the list of paper work they requested got it done in 3 weeks while the first broker tried to get me to switch back bc once again they magically figured out a way to not have to up.my rate but at that point I was so done with them.So I always tell people to always have two broker options so they can't blackmail you... I find it very hard to believe that because someone put effort into your loan they don't have to keep you satisfied to close the deal
That makes sense. As long as you're upfront about the competition i think that's fair.
You appear to have glossed over the part where the broker didn't offer the best rate he could get up front. This stuff happens all the time, and it erodes trust in the broker, leading the borrower to shop around.
The best rate is not relevant. The broker can lower the rate significantly and make no money at all. The way you make it sound its as if there is never any markup in any business and never any negotiation allowed. You have to get the best price right when you ask for the initial offer and thats just fantasy. Do you not trust someone who tries to sell something at a higher price and agrees to lower the price and make less money?
Seems you are correct. I guess you can see I havent been in that business for a few years. Either way its disclosed in section J on the Loan Estimate and Closing Disclosure as lender credit.Need to ask.Bottom line is, it costs money to get a mortgage. Regarding the broker/bankers commission- theyre either going to make money in the front (charging you points) or the back (higher rate re: YSP or SRP). Same holds true whether youre dealing with the Mortgage guy at your local C&S down the street, the guy at Chase, or any mortgage broker out there.
If I got commitment from a broker and they say they lock in rate, I signed some paperwork etc, can is till go elsewhere?if I find lower rate? I just feel like my broker makes me pull teeth to get info. Not very forthcoming.
You can go elsewhere until you close. If you need some recommendations you know where to find me.
Right, and training had nothing to do with it. Stop justifying poor moral conduct. הכקרת הטוב is not optional. Particularly when you become direct competition its the exact opposite.
ftfy
There are limits to how long the apprentice can be expected to sta without meaningful pay. Once he feels he has enough experience to go out on his own he will unless he is given a raise. I have had sales reps who I taught enough to go on their own. They are still with me since I make sure that now that they are more capable I pay them commensurate with their new capabilities. A carpenter should do the same. When he has an apprentice it is a two way street. He is not a chesed organization. He is getting cheap labor in exchange for training. Once the training is completed he has not right to expect the cheap labor to continue.
Besides that the employer has usually done exactly the same thing to his previous employer.
So that makes it right?Also, there is a reason why in NYC to become a Licensed Plumber or Electrician you need to apprentice for 7 years with increases in pay. Its not 6 months and "I've got this."
