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Posted By: Texas Ted

After spending over 30 years as an auditor dealing with many internal fraud and ethics issues, I too have seen many examples of greed. REA no doubt wants to avoid even the appearance of a conflict of interest. An insider could perhaps influence the description of a lot to make it look less attractive, leave out some pertinent facts that make it more valuable or many other things that we can't even guess at without knowing the internal workings of the company.

I think such a policy is prudent, and gives me greater confidence in bidding on their auctions, as I did this past one. While it is always possible to collude, that takes another party being involved which lowers the risk somewhat. But knowing that getting caught could cost somebody their job, is a good deterrent. Perfect, no, but good.

Texas Ted
Starting my third attempt at a second childhood.