In this episode of Seemed Like a Good Idea, I sit down with Scott Kriss, Founder of Kriss Law, one of the largest real estate closing firms in the U.S. With over 20 years in the industry, Scott offers a candid look at his career, the evolution of real estate law, and key lessons learned from economic ups and downs.
Topics Covered:
- Early Days & Growth: Scott shares his journey from law school to founding Kriss Law, expanding nationwide, and the challenges of aggressive business growth.
- Subprime Mortgage Crisis: Insights into the predatory lending practices that led to the 2008 crisis and the regulatory changes that followed.
- Real Estate Industry Today: Scott’s take on the role of buyer’s agents, the importance of legal guidance in transactions, and why he believes agents are crucial for first-time homebuyers.
- Legal & Market Changes: A discussion on recent lawsuits impacting commission structures and the ripple effects of misinformation in the real estate world.
- Investment Lessons: Scott’s experiences in investing, the pitfalls of startups, and his advice on avoiding common investment mistakes.
Tune in for a thought-provoking discussion that covers the real estate industry’s past, present, and future—and the lessons Scott wishes he’d known sooner.