john sullivan? >> good afternoon, and thank you very much for the opportunity. i and john sullivan, from "the buyer's edge," and former president of the association of buyer agents. in your prepared remarks, you referred to responsible lending. i applaud your efforts on instituting reasonable legislation. you also referred to reckless lending practices because of the foreclosure crisis. in the vast majority of those cases, it was a real-estate agent who should have known the home buyer did not have the ability to meet his or her financial commitments. the real-estate agent or broker, like the lender's loan officer, got a commission, and has not been seen since. unfortunately, the dodd-frank bill prohibits your action against brokers. is there anybody at your bureau who has enough wherewithal to stand up to lobbying efforts, to ask congress to eliminate those provisions from the dodd- frank bill, and require the real-estate community to make the consumer aware of their agency choices, when selecting an agency to guide the consumer through the maze of home buying?

john sullivan. >> good afternoon, thank you very the opportunity. i'm john sullivan from the buyer's edge and former president of the national association of exclusive buyers agents. my question to in your prepared remarking you refer to the true essence of responsible lending. i apply lawed -- applaud you for your efforts on instituting the regulation. you refer to reckless lending practice the housing foreclosure crisis. the vast majority of those cases, it was a real estate agent who knew or should have known that the home buyer didn't have the ability to meet his or her financial commitment. the real estate agent or broker like the lender's loan officer got a commission and hasn't been seen since. unfortunately the dodd-frank bill that created your bureau contains language that prohibits any action against real estate agents or brokers. my question to you is is there anybody in your bureau who has the -- to ask congress to eliminate the provisions to the dodd-frank bill and require the real estate community to make consumer aware of the agency c

john sullivan? >> good afternoon, and thank you very much for the opportunity. i'm john sullivan from a buyer's edge and former president of the national association of exclusive buyer agents. my question to mr. cordray is, in your prepared remarks you refer to the true essence of responsible lending. and i applaud you for your efforts on instituting regulation. you also refer to reckless lending practices because the housing foreclosure crisis. but the vast majority of those cases, as a real estate agent who knew or should have known that the homebuyer did have the ability to meet his/her financial commitments. a real estate agent or broker, like the lender, like the lenders loan officer, got a commission and hasn't been seen since. unfortunately, the dodd-frank bill which created your bureau, the same osha prohibit you from any enforcement action against any real estate agent or broker's. my question to you, sir, is there anybody at your bureau who has enough wherewithal to stand up to the lobbying efforts of nar to ask congress to eliminate those provisions o

john sullivan? >> good afternoon, and thank you very much for the opportunity.i and john sullivan, from "the buyer's edge," and former president of the association of speier agents. -- buyer agents. in your prepared remarks, he you referred to responsible lending. i applaud your efforts on instituting reasonable legislation. you also referred to reckless lending practices because of the foreclosure crisis. in the vast majority of those cases, it was a real-estate agent who should have known the home buyer did not have the ability to meet his or her financial commitments. the real-estate agent or broker, like the lender's loan officer, got a commission, and has not been seen since. unfortunately, the dog-franc bill and, -- the dodd-frank ill prohibits your action against brokers. is there anybody at your bureau who has enough wherewithal to stand up to lobbying efforts, to ask congress to eliminate those provisions from the dodd-frank bill, and require the real- estate community to make the consumer aware of their agency choices, when selecting an agency to guide