Real estate agents present themselves as indispensable guides for home buying transactions, a new report from the Wharton School of the University of Pennsylvania said. But they failed to prevent borrowers from getting into mortgages they may not be able to afford, the report suggested. Realtors are motivated by their 5 percent to 6 percent commissions to keep quiet about loans that may be bad for borrowers. And some even riskier programs that enabled a higher purchase price only provided more incentive to get the borrower into the loan.
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