What Is Consumer Protection ?


Strength in Numbers

Consumer protection refers to measures, systems and organizations set up to protect the rights of consumers while participating in the marketplace economy. This commonly involves laws and regulations to prevent any exploitation of the consumers by businesses selling their products to the consumers. In some cases, it involves making sure that there is competition in the marketplace to discourage unfair practices by businesses such as high prices because of no apparent competition in an industry or price fixing by a group of producers.

Consumer protection emerge in the 20th century from the various consumer movements meant to promote and safe guard consumer protections. This was a result of the undue power businesses had garnered and profit minting shortcuts these ventures had invented. Consumers were exploited by the corporations by way of high prices, unsafe products or competition stifling business practices.

Consumer-ProtectionConsumer protection seeks to empower the consumer with correct information about the products available in the marketplace. Giving more information to the consumer generally leads to a more informed decision making process when choosing what to buy. To protect the consumer, measures have to be put in place inform of laws and regulations to prevent wrong claims about products by businesses from being spread while forcing these businesses to disclose any useful information they may be hiding such as side-effects of a products. The general assumption is that, correctly informed consumer makes rational and appropriate choices that benefit the society eventually.

Consumer protection also sets up systems where complains and violations of consumer rights can be taken to. These systems have a procedure that can be followed to seek redress in case of an issue. More and more countries have set up organizations mandated with protection of the consumers and enforcement of laws that safe guard these rights. These organizations regulate what products are available in the marketplace and amount of information businesses have to give to the consumer besides the usually advertising claims and slogans.

Consumer movement organizations have also set up a system of testing various products available in the market and ranking them so that they can recommend the best product for each segment of the consumer. This ranking and recommendation process makes the businesses strive to make better products overall and lower prices which helps consumer in the end. These movements do not have a vested interest in the success of any particular product and hence their approval is free from unjust claims or bias.

a497Lastly, consumer protection comes when their clear competition in the marketplace and no colluding by businesses to fix prices. Therefore, consumer protection is often associate with competition laws that prevent any single business entity from gaining monopolist powers or abuse of a dominant position. In some extreme cases, businesses have been broken up into smaller independent corporations to ensure that they compete against each other to prevent from abusing rights of consumers.

The emergence of a strong consumerism global economy has led to the need for consumers to be protected from any unfair practice in the marketplace. This movement is only going to grow stronger in response to the bigger and bigger businesses looking for ways to make money at the expense of the consumer welfare.

Be Realistic When It Comes to Selling Your House

house for saleThe spring selling season has begun! Sadly, the headlines that are grabbing the media outlets throughout the country indicate that national home sales are currently down, while the foreclosure rate remains at an all-time high.

I have written several articles in the past twelve months designed to help sellers prepare their homes for the market. It is my goal to continue to do this as long as I am able.

I have been happy to learn that my articles have shown up on a number of the major search engines. It is my hope that they have reached and helped many individuals. In writing this article, I am not going to refer to my company name. Why? Because I want folks to know I am not interested in only helping myself, but in helping them to sell their home. Sadly, very few agents today share this attitude.

Normally I try to blend in some of my background into my articles. Why? Because I want my readers to understand I have the experience and expertise necessary to provide them with accurate and timely information.

This will be a tough year for home sales. If you want to successfully sell your home it is important that you present the best possible product. The new wave of home buyers in the marketplace are not being offered the easy, low-rate loans of a few years ago. In fact, the banking industry has tightened up home loans considerably. New buyers, therefore own the market and want to ensure they are getting the best product for their money.

You, as the seller, need to be ready for this new breed buyer. Your house must have all of the necessary repairs done before you place it on the market. Most buyers today are looking for turn-key homes — that is, they want homes more-in ready — without the need for costly repairs or updates.

The recent sales bubble has caused a false sense of security. This has resulted in many sellers believing their homes are worth more than they actually are. Good real estate agents are trying to educate sellers about the change in the marketplace and that home prices are down.

Unfortunately, many sellers simply do not want to hear it. As a result, homes end up staying on the market for months and months. Why? Because they are overpriced and not in move-in condition.

Instead of accepting reality, however, many sellers simply fire their “inefficient” agent and look for another who will tell them what they want to hear. As a result, the frustrating process repeats itself again and again.

Often the best agent is the one who does not tell you what you want to hear, but instead tells you what you need to do to sell your home.

These days real estate agents are in flux. There are always agents coming and going. The agents who continue to be successful are the agents who educate their clients in what it will take to sell their home.

This is not an easy task — even for a seasoned agent.

I have worked closely with a number of agents over the past twelve years and I know that success comes to agents who can convince their clients of true market conditions. Sellers, in turn, should listen to the successful agents and be realistic. The agent who tells you only what you want to hear is not the agent who will likely be able to sell your home.

When an agent is too warm and fuzzy there is a good chance he or she will not remain in the business for long. As the market changes, it is important for sellers to change with it. These are the hard facts today in an extremely competitive and challenging real estate market. You can also contact a buyer of homes in San Antonio to sell your house fast and easy.