The main point of the article published in Realtor magazine was to spotlight how shady, fraudulent dealings by realtors are bad for the market. Specifically, I'm talking about when listing agents sell a new listing to their own buyer before inputting it onto the MLS....
From the UT: A politician who went to prison 20 years ago in one of Arizona’s most notorious public-corruption cases has apparently been practicing real estate in San Diego County for almost 14 years, using his son’s clean record to get a license. Donald James Kenney,...
The lead attorney for CAR makes an annual visit to discuss the latest issues and changes. The first minute is muffled, but what was said is that the California Department of Real Estate is investigating complaints about short-sale fraud being committed by realtors....
Last week we discussed a situation in Chula Vista where two short-sale frauds were potentially undermining the ability of others to sell for top dollar. Shady short-sales erode the faith and trust in the system - which could cause participants to make erroneous...
Sent in by an anonymous flipper. Fifteen percent of this year's NSDCC sales have been round-tripped: We’ve purchased a couple at trustee sale recently where the “comps” are all short sales and REO’s. Typically it’s never a problem getting 5 – 10% more than a...
We saw earlier in the Realtor Ethics post that the NAR doesn't like the re-inputting of stale listings to make them appear to be hot new buys. But because the listing numbers are sequential, and start with the year inputted, realtors want their listings to be sporting...
I recently completed 40 hours of continuing education to renew my broker's license, and took these notes during the Ethics class on what I see most commonly abused: Realtor ® Code Standard of Practice 1-3 A licensee is not permitted to knowingly make a false...
