The real estate industry gets accused of its slimy tactics quite frequently, and it is well deserved – you really should Get Good Help!
In a last-ditch effort to survive, the red team went into the rental business recently. Here they have been publishing a ‘corporate rental’ that has been fed to them by Rently – who has ‘refreshed’ their listing a couple of times:
So then this real estate broker and mortgage licensee from the Bay Area comes along and steals the photos and advertises 4100 El Arbol (not 5100) on this slimy ‘national MLS‘ at a ridiculously low for-sale price (about HALF of the actual value).
The Z team – no stranger to the real estate slime – picks up their feed and is now advertising it publicly:
Hat tip to realtor Tanya who alerted me to this fraud! She contacted them yesterday to report it and was told that they would remove it right away. But as of this morning, it is still an active listing:
https://www.zillow.com/homedetails/4100-El-Arbol-Dr-Carlsbad-CA-92008/447767066_zpid/
Why would a long-time real estate broker from San Jose bother to devise this concoction? He must be selling leads to realtors – another slimy part of the business. I get 2-3 solicitations every day from people who want to give me leads and all I have to do is cut them in on the commission (I ignore them).
Here’s an example:
Here’s how it turned out (plus cases against Capital One and a Berkshire-owned mortgage company):
https://apnews.com/article/cfpb-drops-capital-one-rocket-lawsuits-e3a4a18ccd9ddd97610ef23fd6b843b2
The slime is all around – Get Good Help!
What if this listing is real, and the listing agent is simply inciting a bidding war?
He would get the address right and input the listing onto a legitimite MLS, wouldn’t he?
We’ll know if they change the address to the correct one.
Tanya asked for more information so let’s see what they do to her.
Zillow took down the listing so I guess it was bogus.