Not all real estate agents are honest. How many of these agents received Ethics Training and were members of Realtor Boards?
State board revokes license of felon Tampa Bay real estate agent… who failed to disclose two felony theft convictions.
Indicted Coolidge real estate agent faces more than $1.2M in judgments… 32 counts of wire fraud and money laundering by a federal grand jury in Phoenix Sept. 24. Along with her husband, she also faces well above a million dollars in judgments handed down in civil court decisions in Pinal and Maricopa counties.
Former Cape Coral real estate broker sentenced for fraud scheme… 5 years and 10 months in federal prison for wire fraud, money laundering and false oath in relation to a bankruptcy proceeding.
Randy estate agent publishes graphic selfie of sex act with woman on property listing on his company’s website
Beverly Hills real estate agent accused of burglarizing homes of celebrities including Usher and Adam Lambert
If you take a look at home price trends, they tend to follow mortgage affordability levels pretty closely, albeit with a slight lag
Ex-real estate president, wife plead guilty in admissions scam…In addition to using the college exam cheating scheme for two daughters, the Isacksons also considered doing so for their third child before they were arrested, authorities said.
Detroit man pleads no contest in real estate scam… Carta defrauded about 100 victims out of more than $300,000 by promising mortgage relief assistance, mortgage modifications and help in purchasing foreclosed homes…Carta, who was remanded to the Oakland County Jail pending sentencing, has agreed to pay more than $658,000 in restitution to victims.
More victims come forward in immigration real estate scam tied by prosecutors to a Baldwin Park woman… 11 new victims came forward…If convicted, woman faces a maximum prison sentence of 63 years. She is being held on $1 million bail.
Ex-real estate agent from San Antonio gets 10 years in prison for child porn, attempted enticement…A San Antonio man caught trying to leave the country for what he had been told would be a sexual encounter with a minor has been sentenced to 10 years in prison for receiving child pornography and attempted coercion or enticement of a minor.
Las Vegas real estate broker convicted of tax fraud… prosecutors accused him of failing to file federal income tax returns for almost 20 years.reported no income on a 1998 tax return and subsequently failed to file federal individual income tax returns for almost two decades.
PD: Florida Real estate agent raped woman who was house hunting…A police affidavit says the company the woman used for housing and transportation put her in touch with (the agent)…Let that be a lesson in referrals?
Local Realtor pleads guilty to multimillion-dollar Ponzi scheme…Carl Chen, who was a licensed real estate broker in Delaware for more than 30 years, pleaded guilty to wire fraud and faces a maximum of 20 years in prison when he is sentenced later this year.
College admissions scandal: Real estate exec allegedly used $FB shares for UCLA bribe…Other names include former PIMCO CEO Doug Hodge and commercial real estate investor Bruce Isackson, who allegedly leveraged Facebook (FB) stock to ensure that one of his daughters got into UCLA.
Virginia Beach real estate broker indicted on 13 felonies in connection with nearly $1.5 million fraud…According to court documents, the scheme involved the improper sale of residential properties that had gone into foreclosure and been turned over to the U.S. Department of Housing and Urban Development.
Asheville Airbnb real estate broker’s license revoked; kept property owners’ money… A celebrated entrepreneur has had his real estate license stripped after keeping “at least” tens of thousands of dollars owed to Airbnb owners whose properties he managed, state regulators said. (North Carolina revokes WNC Airbnb broker’s real estate license)
Adam Hochfelder is in trouble again over fraud allegations…Hochfelder’s attorney, Marc Agnifilo, told the News that he “borrowed money from acquaintances under circumstances that were less than honest and then paid them back.”
Child sex offending Uber driver worked as ‘fit and proper’ real estate agent… An Uber driver convicted of sexually assaulting a 14-year-old passenger went on to obtain a real estate license and work as an agent around Auckland.
She was a Coast real estate agent. Now, she’s accused of embezzlement…The warrant alleges Hightower stole $12,955 that she had access to as a result of her job as a agent with Ideal Home Real Estate Holdings, LLC. , according to court records.
Prominent real estate agent charged with misdemeanor sexual battery. A prominent Hendersonville real estate agent has been charged with a misdemeanor sexual battery after an alleged incident that took place on New Year’s Eve or early New Year’s Day in the city.
Montana man, who admitted to defrauding four people of more than $800,000 in real estate schemes, was sentenced Tuesday to a little more than three years in prison and to three years of supervised release, according to the Department of Justice.
York real estate broker went to prison for dealing marijuana..he’s back in jail…was out of federal prison for marijuana distribution was arrested again Friday after York County drug agents seized pounds of high-grade pot.
Fontana man who is real estate agent is caught on video camera allegedly stealing vehicle from a residence… a licensed real estate agent at an office in Rancho Cucamonga, may have had access to numerous homes through his real estate employment and may be responsible for additional thefts…
Volumes can be written on this subject alone…and “the cloud” is already filled with so much data, those volumes are not necessary. And there are those times where you blame your current or previous real estate agents for some type of errors or omissions in judgement or observations that if done appropriately at the right time, could have spared you grief at some level. Stuff like no coat closet on main floor of a house Mortimer rubs against a buyer…or not telling the Buyer about current events in the neighborhood or what was happening around them in the near future…or defects in the house that the agent may have been aware of before purchase but not a severe nature…or just caused more expense fixing it after closing than desired.
But are complaints legitimate, or just a reflection on the poor choices made by the Buyers or Sellers?
Each agent/broker pays money each year for what’s called professional “Errors and Omissions” Insurance. This covers some insurance for thefts through lock-boxes, errors or omissions in contracts, or performance of services. But like all other insurance coverage, it comes with a deductible and doesn’t cover ALL issues.
Bottom line: It’s difficult to prove complete incompetence and what the Agent knew or didn’t know before closing.
So…Buyer and Seller Beware – Be informed and perform your Due Diligence.
Let me know your thoughts.
Source of inspiration for post: Where to turn when you have a problem with your real-estate agent. Even though this article dealt with Ontario in Canada, complaints against real estate agents know no physical boundaries.