Will Realtors ever Be held Accountable? When will the Great Real Estate Hoax Stop? When You Wake Up.

Folks Real Estate Consumers harmed by Realtors are not being heard. Really, they are turned away at the local association of Realtors Everywhere. I have not gotten reports out of country yet but from what I am hearing it is not just in the several Association of Realtors I have belonged to.

And most of the Time it is NOT the rookie agents, the sales agents doing this major harm, it is the Brokers, the Managing Brokers - the Brokers in charge and the local association will NOT hear other broker owners if their star BROKER is acting illegally, unethical or fraudulent and they will in No way hear the Real Estate Consumer.

in Many cases I have seen and heard of it is the President of the local Realtor association who is a Broker that has done the harm, committed the fraud, lied to the consumer and the Local Association of Realtors turns the consumer away, they Say oh he would not do that or we will NOT TAKE YOUR COMPLAINT!...".

And the Consumer in turn has No where to Turn, no one will hear their Complaint, no one is listening and if it does get into the hands of a Real Estate attorney well then your really in trouble - the Realtors E and O insurance kicks in and the Real Estate Lawyer is afraid of it .. bigtime and they are looking for the quickest way to line their pockets and treat you as the Criminal when you are really the Real Estate Victim.

So where does a Real Estate Consumer turn when Realtors treat them so badly? And again ALL Realtors are in no way bad, but that is irrelevant. If the bad Realtors are let to do as they please and there is no accountability at NAR for them.. then how can a "Good Realtor" protect you from them. these Big shot Brokers know that NAR at any level will do nothing so they do as they please. And the Real Estate Consumer is left with no real rights.

Why do Realtors, Brokers have so much they can legally do but they are not really trained to do, they are just set lose on the Real Estate consumer and are NOT held accountable, as if that is not bad enough NAR claims to Be the voice of Real Estate and of a "Higher Standard" on top of it. Oh and don't forget those Realtors are BETTER slogans because of their Fancy, Fake, Fraudulant Code of Ethics.

I say the real estate consumer has no way in the current system to beat the Realtor or to hold them accountable so you must EXPOSE them. Email your story to me Crystal@CrystalCox.com or get access to tell your story on our blog, we will soon have a blog dedicated to your stories as real estate consumer, stay tuned.

For Now don't buy into the Real Estate illusion and Do not Trust the Great Real Estate Hoax brought to you by the National Association of Realtors.

Crystal L. Cox

www.RealEstateIndustryWhistleblower.com

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NAR - You Do Not Get to Be the Voice of Real Estate...

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Did My Realtors Lie to Me??

First IndicatorI closed on my property during the first week of February. When I arrived at the closing my realtor handed me a slip of paper with contact information for a potential tenant. I was immediately worried; was one of the tenants moving??

My realtor said no, they just periodically got calls about it and the soon-to-be former owner wanted to pass the lead along to me. OK...I saw the seller's agent come out (who I had met before), and I asked him as well if any tenant was planning on moving. As he ran out the door he said "No, tenant B's been grumbling about moving, but that's not likely. She's lived there for 20 years after all. Bye!" OK...Second IndicatorEarlier this week my realtor forwarded me an email from the previous owner with yet another tenant lead. What the heck? Do they know something I don't? Keep in mind that DAYS before the closing Tenant B signed a lease agreement to satisfy my lender (she didn't have a written lease before that).

In it she pledged to stay for 12 months and pay month to month. If she/the agent/the owner knew she was planning to move and had her sign a lease anyway then that's obviously unethical at best.Really Starting to WorryRent from said tenant is due 2/15 and is late on 2/20 (today). So today I drove (flew) up there to give her a very formal, simple notice that her rent is late and requesting immediate payment. And to peek in the windows and make sure it looks occupied. I was already starting to put the pieces together and freak out a little.

Maybe It'll Be OK?Well, she had some mail in the mailbox, though I couldn't see through any windows. I did talk to the other tenant who said he's been seeing her every day except for the last couple. Then he mentioned that her live in boyfriend had moved out 3 weeks earlier. "She might have moved out too," he shrugged. I thanked him and left, feeling slightly better.

If she'd been there recently then she surely got my letter and knew where to send the rent. And unless she moved out YESTERDAY then she obviously still lived there...Wrong!

But I still wasn't settled, so I emailed the previous owner and politely explained the situation and asked if she had any other contact info for tenant B. She assured me that "that number" (to the adult entertainment hotline; see previous post) was correct and that the tenant would probably call me back. Then she said "She did tell me that she was moving back to Arkansas and would be out by February 15th. I thought [the realtor] would tell you this. He said it would probably work well for you as you wanted to go in and do some of the repairs."EXCUSE ME?!?! So I promptly forwarded the message to my realtor with the following message:

"What the hell? I can't believe you guys didn't tell me this. I knew it was fishy that you were passing along potential tenant contact info to me even before the closing. I specifically asked [the seller's agent] at the closing if any tenant was planning on moving, and he said no right to my face. Specifically I remember him saying "Oh, the lady in unit B's been grumbling about moving eventually, but that's not likely. She's lived there for 20 years, after all." This is absolutely unbelievable. And I know she was planning the move WELL before the closing, because Tenant A told me so today, and said the boyfriend went ahead and moved 3 weeks ago.

I can't believe this."Ok, so I was freaking out a little. He called me immediately and insisted that he didn't know anything about this. He went on about his morals and ethics and how he values helping his customers and would never withhold information. He said he'd emailed the seller's agent and instructed him to give me a full explanation of the timeline and where the break in communication happened. He suggested that the other agent hadn't known for sure if the tenant was moving or had found out after closing.

He said he felt bad about the situation, though, and offered to give me all kinds of advice on how to lease it out quickly, get referrals for needed repairs, and minimize my expenses. I was glad he was talking so much because I was crying a little and didn't want my voice to shake on the phone.So now there's nothing to be done, really. It's not as if I can or would sue them or fraud, even if they were lying.

I just have to immediately make the slew of repairs and upgrades needed on that unit and rent it out (which will cost thousands and thousands of dollars, and now I have to do them all at once). I called the adult entertainer/tenant back and requested that she give me a call.

Told her if I didn't hear from her within a day or two I was going to have to change the locks. She's probably back in Arkansas by now though. UPDATE: The tenant in question just called me back. She's been planning to move since before Christmas and told the previous owner so at that time. Which very coincidentally happens to be when that owner listed the property for sale.

Both women seem very sincere and genuine (previous owner and tenant), and I have no doubt the seller's agent knew about the situation. At the very least it would have been mentioned once my lender requested a signed lease from the tenant. She'd never had a lease, so they drew one up. They dated it February 2007, not 2008. I didn't even catch it, and neither did my lender. What kind of lease would appease a lender that expires one week after the closing?

http://wealthisgood.blogspot.com/2008/02/did-my-realtors-lie-to-me.html

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