Expose Realtors ~ Email me Your Story

NAR is NOT listening, State Realtor Associations is NOT Listening,
Law Makers - Attorneys - Judges are Not Listening..
State Real Estate Boards Are NOT Listening...

Title Companies, Lawyers, Good Realtors ...
Can DO Nothing.. so Email ME
Crystal L. Cox Real Estate Whistleblower
and Get your Story Heard...
Expose Realtors on our
Real Estate Industry Whistleblower...
Tell your Story...

Crystal@CrystalCox.com

NAR - the Ultimate Wolf in Sheeps Clothing

NAR - the Ultimate Wolf in Sheeps Clothing
Time to Hold NAR Accountable
to Those Code of Ethics
that are Simply Gibberish
they make Newbies Swear to
But have No Intention
or System in Place to
Make this REALLY Happen.

Time For the Truth About
the National Association of Realtors.

the National Association of Realtors is a Hoax.

NAR is NOT of a "Higher Standard" as they Claim to Be.

NAR does not Provide Consumer Protection in ANY way.

The National Association of Realtors NEEDS

you to REALLY buy into the Illusion that they
are the "Voice of Real Estate"
that way you will Simply not know that you can use
a Real Estate Broker that is NOT Part of the
Real Estate Cartel known as
National Association of Realtors.

And You Believe that an NAR Member Offers you
More Protection in your Real Estate Transaction
When In Fact that is a Flat Out Lie.

NAR is so Engrained in your Life that ALL of you Use
the Word "Realtor" for the WordS "Real Estate Agent"
though NAR tells me that is Illegal. Law Books Do it, you Do it
But NAR wants to STOP me from Doing it.

The National Association of Realtors
Violates Anti-Trust Laws, Violates Mortgage Laws,
Violates RESPA Laws, they pay Attorneys to
Advise members at the State Association Level
that is Information Biased on What NAR Needs
to be the Course of Action, to Keep NAR in Business.

Even to the Point of Convincing Members they
are doing something Illegal when they try and
benefit the Real Estate Consumer.

NAR Pushes State Real Estate Governing Agencies
to Make E and O insurance Mandated -
when in FACT this E and O insurance is What Enables
the Realtor to Legally Committ Fraud and
there is nothing you Can do unless you have
BIG Money and a WHOLE lot of Years to Fight.

The National Association of Realtor IS NOT the
Voice Of Real Estate. NO WAY.


the Real Price of a Lawsuit

the Realtors Win, their E and O insurance Protects them FROM you.. You Lose. It does not matter how much proof you have against the Realtor the system is in place to protect the Realtor, Why, they are Billionairs and they Lobby Government Agencies and Law makes to create laws - to make it so that REALTOR - NAR is so big no one can touch them.

Consumer spend years fighting for the Justice that is Rightfully theirs. And though the Realtor really did hurt the consumer, waste years of their life, take away their assets and cause Emotional, Physical and Financial Damage ~ the Realtor gets away with it. NAR does nothing to help the real estate consumer. Though NAR pretends that this is their whole purpose for existing.. Again.. Flat Out Lie.

After Fighting for Years, whether the Consumer that was wronged wins or not People Get Frustrated, they get tired and after years of fighting against the REALTORS and of course, Losing, they just want their life back so the stories go away.. I am Dedicated to the Stories of Realtors hurting the Real Estate Consumer Staying Alive.

My other Blogs are www.CrystalLCox.com www.BrokersAdvice.net .
The answer that NAR - and the Laws they push for have is to SHUT the Consumer up, to make it so their frivolous lawsuits are Stopped by law, and to continue to strive to make it harder for the Real Estate Consumer to get any Kind of Justice from the Realtors that harm them. The E and O insurance of the Realtors is a Very Big Part of this.

This is insurance is to get rid of those darn frivalous lawsuits that consumers have and to Defend the Realtor. It is in NO WAY the Intention of the Real Estate E and O insurance to Protect the Real Estate Consumer. Yet Oddly Enough, and in complete shocking wonderment, E and O insurance is Mandatory By Some State Realty Commissions - Regulations. Do they think that this insurance is to Protect the Public or do they believe that the public is simply liying about the Realtor for Self Gain.

Though What I see is People simply want justice in these situations where it is VERY obvious and easily provable that the Realtor harmed the Consumer yet the Realtor Pays Nothing and is Free to do Damage to the Next Consumer.

Post on this Blog, Email your Story or Videos to Crystal@SavvyBroker.com , Video tape the lies and fraudulant acts of your Realtor and send them to me. No One is Really Listening to you. No One is Really Protecting you, the Best thing to do is to Expose the Realtors that are harming you.

If these Realtors were MADE to be accountable for their actions, the Good Realtors and their are some out there - they would be able to do their jobs for your best interest. But as the system stands now it is impossible for an Honest Realtor to Protect you in the Current Real Estate Industry Climate.

The Real Price of a Lawsuit is Your Life, your every waking moment, your sleepless nites, your life in shambles and the kick in the head while your already down with No Justice against the Realtor that Lied to You and is allowed to keep on making money Hand over Fist while you wait years for a "settlement" or for a judge and/or jury to have mercy on you.. the REALTOR wins no matter how you look at it...

Read more...

Posted Online about - Weichert Realty in Jersey

"Evil Realtors Suck.


Wednesday, August 02 2006 @ 05:12 PM EDT

I just got a tip from my wife that the brother of a friend of ours is having trouble with Weichert Realty over in Jersey. It seems they're doing nothing to honor a listing contract for his house, yet they refuse to let him out of the contract.

It sounds like the guy who runs the office is on some kind of power trip and is doing what he's doing out of grade-school level spite. If you're in Jersey you probably know about this company - I think they're one of the biggest realtors in the state, and I remember that they used to have a half-hour infomercial on NYC TV stations a few years ago. At any rate, they suck. My friend's brother put up a site about called Why Weichert Sucks. Go check it out. "

Who Will Listen to the Real Estate Consumers Crying OUT? Will it be the National Association of Realtors and their Supposed "Higher Standards". Or do Real Estate Boards, Local Realtor Associations and the NAR simply say, oh this person is just disgruntled and was not really hurt - this is a frivilous claim made by a supposed real estate consumer, or does the National Association of Realtor just flat out ignore the Public's Plea for help with the Realtors who are Hurting them EVERY single Day. Find out the Truth About the Realtors ...
r
r
You Will Note that the Why Weichert Sucks Website
is Gone, this was Written in 2006 so We Will Post a Few Tidbits Below from the Old Website of WhyWeichertSuck.com which does not exist anymore... So Lets Re-Visit what that Site said when it was Still Up..
******
r
Why This Site?

Because people at Weichert Realtors tried to bully us, and we're sick of it.
John Geaney, the manager of the Upper Montclair office, was coercive and unethical.
We escalated to Larry Mueller, a VP at corporate. He didn't listen to us, he was belligerent, and he tried to stonewall us.

Jim Weichert, President of Weichert Realtors, ignored us.
The story is here.

Our agent isn't perfect, but we're not complaining about her. We'll call her "R" throughout these pages.

They pretty much have us over a barrel -- our listing contract runs until mid-September 2006, and they refuse to release us from it.

Fine. Maybe we're legally bound to them for a while. John and Larry even seem to enjoy telling us that there's nothing we can do about it. The contract, though, doesn't bind us to stay quiet. Since this is the only recourse we have, it's the recourse we're taking.

We understand that there are two sides to every story. If they want to put a rebuttal on Weichert.com, then, in the interest of fair play, we'll add a link to it here.

Please read, and feel free to share with your friends, blog about it, link to us, and add your comments to this site.

Jake and Sue Freivald
P.S. Although we are grateful for all of the support we have been getting, please, please do not do anything illegal. I'm saying this in all seriousness, without a wink: I would hate for our overall message to get drowned out by accusations of illegal activity. Thanks for understanding.
As It Stands Now

Background If You Want It
I've broken the story up into several parts:
Background, including our first encounter with John Geaney
John Geaney: Coercion attempt
Larry Mueller: Our attempt to escalate the problem
Email contact with Jim Weichert until the present (this page)
For all the details, start with the background. You'll eventually get led back to this page.
If you don't want all the details, start right here. There's a synopsis of events, and links to relevant information if you want to dig deeper.

Our Email to Jim Weichert: 7/26/2006
At around 9:00 AM Eastern time on July 26, I sent an email to Jim Weichert, president of Weichert Realtors. I carbon copied Larry Mueller, who likes to talk as though he's very important -- he's a Vice President of Something Or Other -- and John Geaney, the manager of the Upper Montclair office of Weichert Realtors.

Why email, instead of a phone call? If you read the background, you know that Larry Mueller had promised us that we'd never get higher in the organization than him. I'd leave a message for Jim, and Larry would return it.

But who knows what Larry is telling Jim? I wouldn't put up a site like this without being sure that the president of the company had a chance to resolve the problem first. The only option I had, then, was email. This is what I sent, with a few side notes and links added to flesh out the scenario.
*****
Jim,

From their Web site: "Each WEICHERT® franchised office is independently owned and operated." My beef is with the people I've named. The people in your local office may be quite nice; just pray that everything goes well so nothing has to get escalated.We want out of the our [sic] contract with your company. Our dissatisfaction stems from the unprofessionalism of your staff and our strong sense that they are not working in our best interest.

Specifically:

There's a lot behind this. When John Geaney pretends that it's our fault that the house didn't move, he conveniently ignores the fact that his office failed to do its job. Details here.* For five weekends this spring, Weichert failed to provide open houses and advertising for our house at [address removed] in West Orange, NJ.

This was at the meeting in January, well before they had missed all of the open houses, as detailed on the John Geaney page.* John Geaney demanded a listing price reduction that even his own realtor thought was unreasonable.

This was well after the January meeting, in June, after they had already missed five open houses. Again, details are here.* When we tried to reduce the price, but not to the level he wanted, he rejected the terms and said that he would not advertise it or run open houses unless we agreed to his price.

* We told him that, if he wasn't going to market the house, we wanted out of the contract. He refused to release us.

We're being advised that perhaps it's not technically "blackmail", but it was unethical coercion. Either way, I would hope that Jim Weichert would respond to clients who felt that their office manager had tried to blackmail them, regardless of the technical legal language.That was blackmail: he wouldn't let us go anywhere else _or_ do anything to move the house unless we kowtowed to his demands.

Such unprofessionalism is unworthy of the REALTOR brand, and we are likely moving forward with an official complaint describing this as a violation of Article 1 of the National Association of Realtors Code of Ethics.

Furthermore:

Detailed on the Larry Mueller page. I don't mind that he checked with John before reacting; but his reaction was out of line.* Larry Mueller treated us with hostility. Originally he said he wouldn't discuss the issue until he had talked to John. The next day, he refused even to let us speak: he continually said "let me finish" without ever providing an opportunity for us to discuss our side of the story. While technically not unethical, this was one of the rudest responses to a customer complaint I have ever seen.

* After this conversation, Larry took control of our account personally, explicitly telling us that we would never get to anyone higher in the organization and that even our realtor was no longer allowed to negotiate with us.

* He also refused to let us out of our contract.

There is no question that we feel that we are "stuck with" Weichert at this point -- hardly the impression that you would like our neighbors to have about your company. We reject their intimidation tactics, their stonewalling, and their arrogance. We hope you do, too.

We want out of our contract. Please advise us as quickly as possible about what you're willing to do in this regard.

Thank you,
Jake and Sue Freivald

Jim Ignores Us, Larry Eventually Responds: 7/27/2006
We didn't get any response that day. The next morning at around 8:00, I sent a follow-up.



Jim,

Still no response from you. I'd like a decision, please.

Thank you,
Jake Freivald

What follows is a transcript of the voice mail I got that morning.

Yes, hi, Mister Freivald, this is Larry Mueller from Weichert Realtors. It is Thursday morning, about 10:30.

I saw your emails, and Jim asked me to give you a call again to just reaffirm with you that yes, in fact, it is I that you will be dealing with going forward. I've spoken with [R]. Unfortunately, I do understand that the transaction that you were working on has fallen apart. I also know from [R] that she is planning to do an open house next week, and that we are putting the house in for advertising and marketing, and that we will continue to try to sell your house between now and the expiration of your listing.

And so, just to make it clear, which I thought we had in our last conversation, no, we are not releasing your listing, and yes, we will continue to honor the contract moving forward to sell your house.

If you have any questions, feel free to contact me 973 ### ####. Thank you.

Update: 7/28/2006, 10:50 AM
I just got a call from Larry Mueller of Weichert Realtors.

He said he has received "a few of the emails" and doesn't know whether I want him to respond to them, to give them facts about his side of the story, or whatever -- but, he said, that doesn't change anything.

I said, "Larry, I didn't even ask them to send you anything. I'm disgusted with you. I have things to do. I gotta go." And then I hung up.

The funny thing -- and the thing he probably doesn't get -- is that I really didn't ask people to send him emails (though I'm grateful that people have done so), and I didn't think I was going to strongarm him into granting any concessions.

This really isn't about the contract or the money at this point.

This is about the way he and John tried to intimidate us, to make us feel helpless. The way he spoke to my wife. The way he wanted R, who has actually stood by us (albeit imperfectly), to eat her commissions, while neither he nor John's office would do anything to set things right.

Those things can't be undone. They don't go away with concessions.

If you're reading, Larry: I don't care if this changes anything or not. You do your thing, and I'll do mine.

Update: 7/30/2006
She may have intended to have an open house this weekend, but there wasn't one. After the last deal fell through, R didn't get the advertising done in time.

Update: 8/2/2006
It looks like there are a few offers coming in. Mostly low-balls, including one that's coming back at the same price they did a few months ago.

It's worth noting that we haven't had an open house since June.

Update to the update: I just added a counter at 4:12 PM to keep track of our visitors. Thanks for coming!
Some Site Traffic Feedback:
*****
9/29/2006
Sold at last. I'm still angry at Weichert Realtors, and it steams me that the management of that company gets $10,000 in commissions.
8/24/2006
Traffic is good: we've added almost a thousand new visitors over the past four days.
I worry whenever I see reactions like that of Antonio from Bloomfield from this morning on the comments page. Not because he calls me a whining calculating ignorant cry-baby -- I've got brothers, do you think I haven't been called worse? :) -- but because he misses the point. He says:

I would of taken steps against Weichart (a rather obtuse choice of a realtor) rather than worry about individuals. Your contract is between you and Weichart, not you and the agent or Larry or so on...

I am definitely not happy with being left in the contract, but, as is fully detailed here and elsewhere, it isn't the contract alone that makes Weichert suck. It's the specific people who treated us as they did: John, Larry, and (by not caring) Jim. People are the business. And Jim Weichert knows that: he said himself, "People buy people before they buy a product or service."
By the way, Antonio, why did you say that Weichert is a "rather obtuse choice of a realtor?" Do you have a story to tell?

On another note, thanks to all of you who are posting to the comments page. Also remember that any blog entries or Web sites that link to this page help us in our search engine rankings, so please feel free to add links in your blog entires and comments on other blogs.
Thanks!
All Quiet on the Western (Orange) Front
It has been a busy couple of days for other tasks -- I'm traveling, among other things -- and today is the last day of the attorney review period for our offer, so I don't have a lot to say.
Some people have asked me if Weichert knows about the site. We've seen some traffic over the past few days from their Morris Plains HQ, and from somewhere near Union, NJ. I didn't try to place any demands on them, though (Larry seems to like to say "this doesn't change anything", so I didn't try to change anything for him with respect to this site), and I don't know what options they're considering. I haven't heard from them directly.
Update: 8/8/2006
I've been advised -- not by a lawyer, but I'm listening all the same -- that the term "blackmail" may not be technically appropriate for what John Geaney tried to do. I've therefore removed it from the site and replaced it with some form of "to coerce" everywhere except in the place where I quote my email to Jim Weichert.
This reflects my general attitude about this site: anything that should be corrected will be corrected, and publicly. If Weichert Realtors can show that I've made any error of fact, I'll change the site to reflect the problem, and apologize if appropriate. And, as I have said from the beginning, if they have a different view of what happened then I'll post a link on this site to their rebuttal on Weichert.com.
Update: 8/7/2006, Evening
I just responded to the comments on the Northern New Jersey Real Estate Bubble Web site. (Grim's readers are voracious, and now account for the vast majority of visitors.) I'm posting my response in its entirety here, lightly edited to fix some lousy grammar. Warning: it's long...
Hi all,
I'm Jake of whyweichertsucks.com. I want to thank you for your interest in the situation, whether you're pro or con me personally, and to answer some of the questions that have been asked here.

I've broken this into sections.

1. The nature of the grievance.

Some people seem to think that I put up the site because I didn't get the price I wanted for my house. That's not really the case.

the branch manager threatened to reject the reduction that we and our realtor agreed to; and then to refuse to run open houses or market it because, at that price, it wouldn't sell -- so it wouldn't be worth it to him.

Nobody's happy to see a house go for less than they wanted, but I knew in November that I had just bought a house at a high price, and that I was going to sell my old one at a low price. If that had been all that happened, we wouldn't be discussing this.

2. Price
I'm not a real estate pro, and I didn't really even watch the market until I had a house to sell. I have only one indicator at my disposal to determine what "the right price" is: what the market bears. For most of the time that it has been listed, this house has been the lowest-priced house in its area.
The anonymous poster who claimed familiarity with my house was most aggressive, so lets start with his/her post.

1.) The house was over priced to begin with--much better > homes off the main street at $445K
That's $85,000 more than we were asking, and we are accepting an even lower price. It's true that you can get much better if you're willing to pay 23% more, but I'm not sure how that's relevant.

2.) House in on a main street--heavy track. Always expect > less!

This house has been priced less than anything surrounding it for months, often much lower.
The house across the street from ours just went a few months ago for just under $500K, at a time when we were asking $380K. There are differences, of course -- that house was updated, and its driveway is on the side street -- but the point remains that we already expected less for a variety of reasons.

3.) If you don't update your house, then how can you compete? The panelling is what? 1950s? > 4.) Neustral colors work for everyone--buy a gallon of > paint! what a novel idea!
1970's, probably :) and the pictures are out of date. That upstairs section has been fully repainted for several months. I actually think it looks less warm, but to each his own.
The real question, though, is "compete with what"? The price was always the lowest in a fairly large radius, and we've gotten offers well above what we're getting now; they've just fallen through.
> The house is probably worth $285.
I can only accept this if you're working on some esoteric formula for "worth" that differs from "what the market will bear." If you really think that the house should only _get_ $285K, then, with all due respect, you clearly don't know this market.

> Has is sold? I believe it has been on the market forever!
We went under contract (again) this evening. We had an offer for $370 in March, one for $365, one for $355, and the most recent one. (I don't know the rules -- am I allowed to disclose that price yet?) Each has fallen through for one reason or another, but the fact remains that these are the prices that the market was bearing at the time. I'm not sure what else I should go by: on what other basis should I rationally adjust my pricing?

Anyway, yes, we listed it in November because we had just closed on our new house in October. (Remember that we have a big family, and we couldn't risk selling the old place without having a spot to park us and our six kids.) The listing was "refreshed" in March. During the spring it was definitely underexposed, and you can't sell anything if people aren't brought to it.
3. My attitude
A different anonymous poster said:
> I would disagree, my dealings with Weichert, in general, > have been fairly positive. ... It probably depends on what > office you are working with.

My motto is "it's all about the guy" -- the specific person you're working with can make all the difference in the world.
As things start to escalate, though, people higher up should be able to solve more problems, not cause them. John Geaney of the Upper Montclair office was the unethical party; Larry Mueller, the regional VP, didn't help solve the problem and instead was a jerk to my wife, and Jim Weichert just doesn't care. The latter two faults are less egregious than John's, but they still aren't good business practices.

> The seller, in this particular case, is at fault. Peoples > expectations have just become unrealistic. Yeah, you're > neighbor got a great price on his place 2 months ago. > Well TOUGH! You aren't getting that price, so accept what > you are getting.
I would accept this if we weren't already the lowest priced house in a sizeable radius, but it's still not the nature of the grievance. If this were just about price, I wouldn't have a Web site up.
Someone else said:

> 2. The seller doesn't want to hear that he should expect > to net 15% less in the gross sales price than expected.

It's true that I don't want to hear this, but I have tried to be reasonable about what the market was bearing at the time. I suggested a reduction to my realtor first, for instance.
Weichert's not innocent in that [EDIT: i.e., in the lower price that I ultimately had to accept], because they underexposed my house in the Spring. There were mitigating personal circumstances with my realtor that cause me to not harbor a grudge against her, but things could have been much better.

But that's not the point of the site: its point is that John Geaney threatened me with the loss of thousands in mortgage payments, and his regional VP rudely stonewalled us when we tried to complain.
===== 4. Contracts -----
> By the way, when you sign a contract, you should read the > fine print.
This is the thing I kick myself most for, and also one of the reasons I'm most upset with our realtor. We trusted her, and she didn't make it clear that this was an extension to our exclusivity. I doubt that she intended it, but that's the way it was anyway. As someone said:
> That really "terrific" agent R("you buy the people") > sounds like she's a nice person who doesn't cover contract > details. She didn't do her job. Either that, or they do > good cop, bad cop there.
I'm usually a stickler for contracts, too, but we were in a hurry, and haste makes waste and all that. I've got nobody to blame but myself for that one.
> I'm quite surprised they weren't let out of the listing.
So was I. I think it made better business sense for them to cut their advertising losses if they thought I was a crazy client who overvalued his house. Even if they end up quashing me like a little bug, their legal fees alone will cost them more [EDIT: than the amount of advertising money they would have lost if they had released us from the contract].
I seriously wonder whether it's not a power trip, but I don't know these people well enough to say.
> I think one of the words they use on their site is ill- > advised.
Which word is that? I'll happily change things if I'm saying something the wrong way.
===== 5. Miscellaneous -----
> Can you not have multiple agents? If one doesn't work, > make a contract with another.
I spoke to another agent, and they said they were bound ethically and legally not to work with us while we were under contract with Weichert.
> 1. The office manager is trying to generate sales/revenue > so he is pushing the seller to drop the price in order to > move the transaction along.
Several people have commented that the office manager and I have different goals. I agree, and acknowledge that any business transaction is a compromise between parties with different goals.
I don't object to his desire for a lower price. I object to his use strongarm tactics to force me to agree.
=====
This is probably a lot longer than anyone really wants, but there it is. I'll also post this to the whyweichertsucks.com so that everyone can benefit, and if anyone has other specific questions or comments I'll answer them as best I can.
Regards, Jake
Update: 8/7/2006
I found this choice quote from Jim Weichert today: "People buy people before they buy a product or service." That's why I went with R at first, Jim, and that's why I now repudiate John, Larry, and you.
Anyway, there was an open house yesterday, but very little traffic. R said it might be that way; the season isn't great for foot traffic right now. I haven't yet gotten a paper to see whether advertising was done as promised, but I'll check that out today.
We currently have three options:
Pull the house from the market until mid-September for a guaranteed loss of mortgage payments and relatively strong potential for additional price deflation.
Let R continue to work the house for a higher price until September, with high risk of additional mortgage payment loss and relatively strong potential for additional price deflation.
Let the vultures feast (though even this option isn't risk-free).
Given all of that, we're opting for the lattermost. We're accepting an offer today, unfortunately, to try to get out from under this boat anchor.
What's most frustrating about this is that I hear John's smug little voice in my head saying that if we had followed his advice earlier on, we'd have gotten this over with months ago for the same price. I know, as does anyone who has followed this listing, that the house was underexposed: we could have had it done months ago at a higher price if everything had been done right.
But arguing that point won't save me thousands in mortgage payments.
----------

A friend sent me this link about the March 2006 reinstatement of a lawsuit against Weichert Realtors for consumer fraud. Worth reading.

The unanimous ruling by the three-judge court reinstates a lawsuit against Weichert Realtors by a couple who thought they were buying a house in the "more prestigious" Montville section of Montville Township, Morris County.

In fact, the house was located in the township's Towaco section, according to the ruling. It added that the buyers, Theodore and Francis Vagias, discovered that when "they were unable to send their son to the highly rated elementary school in Montville."
Update: 8/4/06
R is back from London. She told me that they normally only do advertising in either the New York Times or in the Star-Ledger, but not both, and it's only for the date of the open house. She put the advertising in herself, and I trust her on that.
John Geaney called to say the same basic stuff about advertising. He also said that the picture was corrected. He was perfectly polite. He either didn't notice or didn't want to let on that I had sent the email from the whyweichertsucks gmail account.
Update: 8/3/06
R is on vacation in London, so another realtor is acting as her surrogate for a few days.
I spoke to her last night: there are now two offers on the table for about $340,000. Clearly, they want to close the deal, and so do I; but both of these offers are retreads. We haven't had an open house since June. I want the house to get at least some exposure before I accept an offer out of desperation.
So we're holding off until we see what happens over the weekend. Of course, this is a lousy weekend for open houses -- remember all those we missed in the spring? -- so we may not get anywhere, but I want to at least try.
I'm waiting for a call back from R's surrogate to see whether the advertising was actually put in for this weekend. She said she'd check this morning. Even if she comes back with a "yes", I'm going to have to buy the Newark Star-Ledger and the New York Times to verify.
-----
It's 1:00PM now. R's surrogate says that "advertising is in", which apparently means the Star-Ledger but not the New York Times. She also mentioned something -- maybe the term was "leaflet"? -- that it was in, maybe like those things they hand out at grocery stores.
The offerers know that they're in competition, but I think it would be unethical to say more than that.
-----
Where the hell is my picture? [Now it's up, although they had to correct it.] The realtor had all of the photos I've posted here, including the one to the right, but look here (look for "[address removed after sale]") and here -- where is the photo?
-----
At 1:45, I sent this to Larry and John, cc:ing Jim Weichert:
Larry and John,

Two issues.

1. Our listing on Weichert.com has no photo.
You've had pictures for months. I have attached the one that's currently being used for our MLS listing. How come there's nothing on Weichert.com?
2. I talked to [R's surrogate], and she said that we have advertising in place with the Star-Ledger (at a minimum, though it wasn't clear to me if there are other media in which you advertise) for this weekend's open house.
I checked on nj.com, where the realty listings for the Star-Ledger are normally released, and I saw nothing yet.
I called the Star-Ledger, and they had nothing for this Sunday, but I couldn't tell whether advertising would have started earlier or not.
Please provide me with details of which outlets are being used to advertise this open house, and on which dates.
Thanks.
Your client,Jake Freivald
I got a voicemail from John Geaney:
Jake, this is John Geaney with Weichert Realtors in Upper Montclair. Just giving you a call, two things, wanted to let you know that the picture is up on Weichert.com plus some additional pictures and we have advertising in place in the Star-Ledger for your open house this Sunday. Okay? If you have any questions, give me a call, 973 746 1515. Thank you.
Indeed, the photo is up, and some additional photos besides. Unfortunately, he didn't use the photo I attached, which R and I had agreed was more flattering to the house. I replied by email at around 5:00 PM.

John,
Thanks for the follow-up phone call.
Two items:
1. Although
I appreciate the fact that there are now pictures of the property on Weichert.com, R and I agreed months ago (with the input of another realtor as well) that the main photo you have used doesn't show off the house very well. Please replace it with the photo R and I agreed on, which I have reattached to this email.

2. Advertising.
A. I think I understand you to mean that there will be an ad running in this Sunday's paper for the open house that is supposed to take place that same day. Is that the case? Is that the standard way you advertise an open house?
I would have thought that you would want to run something during the week as well, to give people time to plan, but I'm no expert. Please advise. B. I spoke to the woman at the Star-Ledger this morning, and gave her the Upper Montclair office's phone number as the billing phone number for the ad I was looking for. It sounded as though there was an account based on that number, but there was no ad for [address]. Will you please provide me with an identifier so that I can verify the ad through the Star-Ledger?

Thanks.

Your client, Jake Freivald
The Site is Retired
I'm still not happy with Weichert Realtors -- they've done nothing to make up for the way they treated us -- but I'm not going to keep the whole story up here any more.
***********
End Of Revisting this Realtor Sucks Experience...
Realtors, the Local Association and NAR never do
anything to make up for the Damage thier Realtors Do.
They are A Billion Dollar Business and there is No Way
they will let a little thing like Consumer Protection Get in their way.
Crystal L. Cox ~ Broker Owner
Real Estate Whistleblower

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NAR, REAL ESTATE CHANNEL Create Online News Partnership

"ORLANDO, Fla., Nov 21, 2008 (BUSINESS WIRE) -- Media entrepreneur Michael Gerrity, Founder and CEO of the REAL ESTATE CHANNEL(TM) (RealEstateChannel.com) is pleased to announce today that the NATIONAL ASSOCIATION OF REALTORS(R) has become a regular content contributor to the REAL ESTATE CHANNEL.Michael Gerrity commented,

"We are delighted to have NAR as one of our newest real estate news contributors to our emerging global Internet news network. As of this month, NAR's real estate news stories and related market reports are now being published and distributed on our network. NAR's news content is very informative, fresh and relevant to all of our consumer real estate audiences - orldwide!"

"Realtors(R) are industry innovators, and we're happy to be working with the REAL ESTATE CHANNEL to provide another avenue through which to reach Realtors(R) and others involved in the real estate industry with the quality content NAR produces," said NAR Senior Vice President of Communications Frank J. Sibley.

"From economic forecasts to marketing and technology to real estate issues on Capitol Hill, NAR is the most trusted source for real estate information, and real estate professionals know they can rely on NAR for actionable business intelligence."REAL ESTATE CHANNEL(TM) is a global web-based News and Property Information media network that distributes quality real estate content (News, Market Data & Property Video Profiles) to highly targeted audiences on any Internet-enabled device - worldwide. The NATIONAL ASSOCIATION OF REALTORS(R) strives to be the collective force influencing and shaping the real estate industry.

It seeks to be the leading advocate of the right to own, use, and transfer real property; the acknowledged leader in developing standards for efficient, effective, and ethical real estate business practices; and valued by highly skilled real estate professionals and viewed by them as crucial to their success. "

SOURCE: REAL ESTATE CHANNEL a "
REAL ESTATE CHANNEL(TM), Orlando
Jeff William, Communications Director, 407-224-6830
realtors lie
What Does This Really Mean? It means more affiliations, more content, more money... LOTS and Lots of Money for NAR - for Realtor.com . It is Smoke and Mirrors.. The Realtors in the Field think that NAR is holding on to their jobs..
r
NAR is creating a back door. the National Association of Realtors knows that with the Power of the Internet Buyers and Sellers will gradually move to the Online Market - the Internet to Find Each Other, so NAR wants to Make sure they Get and Keep a Piece of this Pie. Another words, they are Creating Businesses, Websites, Content ONLINE, to Sell YOU other stuff, and to sell ad Space on their sites. The Buyers and Sellers Create the Content by using Realtors to DO business, and the NAR capitilizes on this Real Estate Content - News - Articles and Such.
You, the Real Estate Consumer Makes the REALTORS at the Top of the Real Estate Food Chain, you make them Richer and Richer, and their "take" is way more - in the big picture - then the real estate commission.
real estate fraud
They already make hundreds of million in Internet Marketing.This "Partnership" is about Content, Branding, Exposure and making sure those on top of NAR will stay VERY - VERY wealthy. Realtor in the Real World of Real Estate will Quit.. plenty more will sign up.. some will stomach the Flat Out Lies - Deceptions - Fraud - Lack of Ethics and Non-Disclosure and others will QUIT.. the Cycle continues. But what remains the same is that NAR.. the Corporate Figure Heads at the Top.. they are still rolling in the Billions... with No End in Site.
realtor sucks
The Above Press Release is to get people to their website so they can Sell them Stuff. "News and Property information Network" this really means we got a whole lot of information and news, we have the Real Estate Market Cornered, we DO not protect the consumer and we are going to use this news we have collected as CONTENT on our New Informative Website for the Benefit of the Consumer ( NO Way) and then we are Going to Sell our Site Visitors anything we can peddle along with the money we rake in hand over fist from advertisers that pay to be on our site because we are the Biggest and the Best. SO this new affiliation is another WIN for Realtor... this Statement Below..
r
"The NATIONAL ASSOCIATION OF REALTORS(R) strives to be the collective force influencing and shaping the real estate industry.It seeks to be the leading advocate of the right to own, use, and transfer real property; the acknowledged leader in developing standards for efficient, effective, and ethical real estate business practices; and valued by highly skilled real estate professionals and viewed by them as crucial to their success."
realtors suck
This is a Flat Out Lie. This is to make consumers believe that Realtor, NAR knows best and therefore this will be great they will be contributing on the site. Being the "Force" they are in "influencing and shaping the real estate industry" is Bad - VERY bad for you, the Real Estate Consumer. The National Association of Realtor should not have the Power to influence the ENTIRE real estate industry but they do. Why? They use your money and your data to make their empire bigger and bigger. Then they Lock you Out of the Data unless you Join their Club. Essentially take your SOLD information that your Blood - Sweat and Tears Created and Claim as their Own - Hold it Ransom.. Forcing you to Join their Club - Pay their Dues before you are allowed to see the Data your Money - your Real Estate Transactions Created.
r
NAR is Not a Consumer Advocate in Real Estate.. I am.. I know what goes on Behind the Closed Doors of Your Real Estate Transaction. I Know what the Realtors say about you, how they cheat you - deceive you - lie to you - committ silent fraud with NON-Disclosure and I know that the Realtor's E and O insurance is to Protect the Realtor FROM you, the Real Estate Consumer. And this part "ethical real estate business practices; and valued by highly skilled real estate professionals and viewed by them as crucial to their success." This is a Blatant - Horribly Deceiveing Lie. Realtors Do Not Have "ethical real estate practices" it was Impossible for me to be Ethical on your behalf up against all the Realtors who are NOT ethical and NAR will do nothing about it.
real estate agents lie
And "highly skilled real estate professionals" ARE you Kidding, we go to school for ONE Week to learn how to Pass a Test. We are NOT highly skilled. Realtors Do Not Know what the Real Estate Consumer thinks they know. Realtors Do NOT know what the Real Estate Consumer Needs them to Know.
r
We are taught how to pass the real estate test, we are not taught Contract Law, Property Law, any kind of structural analysis, no tips on roofs - mold - heating - or anything really that would be useful to the real estate consumer. Yes there is continuing education on these topics but those classes are EASY - they are 4th grade level in my opinion and there is no real way to make sure the Realtor is really retaining any of that half day class on subjects that are life and death to the buyer...
selling without a realtor
Realtors are NOT industry Innovators, the Realtors are so clueless about the internet that internet marketing companies steal the real estate leads and traffic that should be theirs and Sells these Real Estate Leads Back to the Realtor. Realtor.com - NAR and the Big Boys Get it to some degree, they to convince the Realtors to Pay to be on their sites because realtors don't get it. The New NAR President to Be is So Clueless about internet marketing that he does not even own his online identity, his domain name.
r
I have been to REALTOR internet Marketing classes,
and all they teach you is how to make NAR - Realtor.com and associated websites richer, they do not teach the Realtors in the Field how to use internet marketing, targeted internet marketing to actually help their Sellers get buyers On the Internet. NAR does not want the Realtors, their little soldiers in the field to know the TRUTH about Internet Marketing or 1.2 Million Plus Realtor will be in competition with them before they are able to Corner the Online Real Estate Market as they have cornered the offline real estate market.
real estate news channel
This Article Seems to Give the Reading Real Estate Consumer the Impression that Realtors get Marketing and Technology, the Realtors are not often the ones you find first when searching online. Lead Generation Companies are Marketing and Technology leaders while Realtors simply rely on the Company Website - the MLS and the Almighty Realtor.com which is NOT the Best Place for the Real Estate Seller to Be.
r
this Article Claims that NAR is the Leading Advocate
for your Right to Own, Use and Transer Property..
this is BULL.. Realtors lie to you - they are not held
accountable when they do not disclose..
NAR looks the other way, they pretend to care about your rights but when things
go bad, very - very bad for the Seller.. NAR - the local Realtor - The Local Association of Realtors.. they are look the other
way while the Buyer is Tortured - Stressed - Tormented and loses everything as their dreams are ripped apart by the Deliberate Failure of the Realtor to Disclose. NAR is in No Way an Advocate for the Real Estate Consumer In Any Way .. what so ever.
realtor lie
the Only Protection you Have is Knowledge.
The Only REAL - Real Estate Insurance you Have is Knowledge.
you NEED the Rules to the Game that you May not
have even known that you were playing.
real estate whistle
www.SavvyBroker.com
Subscribe to My Members Only
Real Estate Whistleblower Blog
and Get the Inside Scoop on Your
Real Estate Transaction.
r

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Realtor Brand - Trademark - Public?

They Say..."many REALTORS® don't realize the importance of protecting the trademark. If we don't protect it and it becomes "public" it will lose all its meaning. " This in Regard to Protecting the Trademark, THEY don't want you to call them a Realtor - but they - the troops in the field most ALL call themselves Realtor. They don't Want the WORD realtor to become "Public" domain - this is Scary - Controling - and shows the Mind Set of the National Association of Realtors in My Opinion.

This goes Right along with the Association of Realtors NOT wanting you, the General Public to ACCESS what THEY call "Their" database when it was your Credit, Your Hard Work, your money - blood, sweat and tears that Created the Data Base THEY think that they Own.

Not wanting a Word to Be Public Domain, Public Property should be against every Law of the Land in EVERY way. What if Someone Who Invents, started a Club and called it "Inventor®" and made you pay to join, then everything you invented calling yourself an Inventor you would answer to them the all knowing power who trade marked the Name.. Realtor - SHOULD not have been allowed to be trademarked in the first place.

What about Professor - what if that was Trademarked? What if You wanted to be a "Supervisor" you had to Join a club and be a member to access the job and you could not call yourself a "Supervisor®" without a trademark on it. the letters "OR" on the end of a word and Scared it will be public, seems to me like the Realtors® are Scraping and Crawling to hold on to "their" Profession that your NOT allowed to call a profession. Bogus...

AppraisOR - CounselOR - DirectOR - CoordinatOR - SeniOR - AdministratOR - InspectOR
It is a GOOD thing that "Realtor" did not get to Trademark to OR names as well and keep them from being PUBLIC... What a Racket...

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Real Estate Listings

How Accurate are Real Estate Listings on Websites?

They are NOT accurate at ALL. The Property could sell before you even see the Listing. Realtors will Keep it on the Site on purpose as Bait to get another buyer. Also if you Put your Real Estate for Sale on Several Online Sites, it is VERY hard to go back and Delete them all and Hey - it's FREE publicity.

I have EVEN seen Realtors put Signs on Property that are NOT for Sale and When Someone Calls they Say it Sold, and they conveniently Find them Something Else.

Realtors deliberate enter false or misleading data sometimes, or sometimes don't enter the listing at all to "hoard it". Some say that this is NOT still happening .... IT is..

It is IMPOSSIBLE to "Clean Up the 'Realtors" Industry" And I SEE no measures in Place by the National Association of Realtors do Really Even Try. Ethics are NOT Law and Realtors Don't EVEN follow them, no ONE is looking and even if they do get caught in Lies, they are Self Policed so NO Trouble getting through that one.

Try Harder, take another meaningless Class. Realtors Lie Every Day, Realtors have NO One Looking over their Shoulder. Some think that Brokers watch over Agents "Realtor" Brokers don't care. I once called a managing Broker on a Very Serious deal that ended up in a Seller Losing a Good Deal and a Lot of Money.

The Managing Broker (Realtor) said " I can't help you - I am on the Grievance Committee" - How can a Managing Broker be on a grievance committee ?

Doesn't it Limit them being able to Supervise their "Realtors"? This is ONE example, There are hundreds and most likely thousands, where Realtors, Brokers, DO Not care if agents in their office VIOLATE ethics or Break the Law.

I have called my local MLS office on Violations, information on Fraud, information on inaccurate MLS Data, information on "Realtors" - agents working for more than one office, information on agents lying about Known Defects to the Point of Sellers losing everything, and THEY offered no belief No Support.

Realtors are Self Governed. They decide their own fate, they decide who "gets in trouble" for what, and if any Harm was Really Done and to Whom. You can Just Imagine How that Plays Out. And if you go to the State Real Estate Commission about a Realtor they wash their hands of it - because they DO NOT have the Money, Lawyers, or Political Power to Stand up to the Local, State or National Association of Realtors. - You Lose.

If you Get an Attorney, a Real Estate Attorney to Fight for You, if you KNOW and Can prove without a Doubt that a Realtor lied or concealed a "Known Defect" - Latent Defect - or Adverse Material Fact" than you will think, as a Real Estate Consumer that you will have Recourse and that Justice Will be Served. It Will NOT be served.

The "National Association of Realtors" and Local Real Estate Boards encourage Realtors and some states Even Mandate Realtors to Have E and O insurance. They "pretend" that, and convince us Real Estate Brokers and You Real Estate consumers that a "Realtor" having E and O insurance is good for real estate Consumers. It is Simply NOT True.

The E and O insurance that YOUR Realtor has is intended to Protect Your Realtor from you. So even if you Know and Can Prove without a Doubt that Your Realtor Lied about something in, on or around your real estate transaction and you can Really Prove without a doubt how much it Harmed You.

So In this the E and O insurance company will FIGHT YOU for Years, and EVEN though you have Black and White, without a doubt Proof the E and O insurance, the Realtors will Prove that Somehow it was you, the victim of real estate fraud, your fault. They will keep you in court for years, take precious years from your family, you will live in debt and stress because of the Realtors LIE, you Have Proof - and No One Will Care. And in the End you will most likely Give up, Because the Association of Realtors is Big Business and Protecting the Real Estate Consumer is NOT the Business They are in.

It is Even Worse if the Agent is Century 21, ERA, Coldwell Banker or Sotheby's Because they are ALL owned by the Same Billion Dollar Company and they can FIGHT for a Decade.

The Association of Realtors DOES nothing to Protect YOU the Real Estate Consumer, they are Out to Protect the "Realtors" - all the while claiming you had better not use the Word Realtor to Describe a Profession... this - they say is a Trademark Violation. The NAR is scrambling to Stay Relevant in the Internet Age and they Are Hurting the Real Estate Consumer in the Process.

the Solution? The Only Real Estate Insurance you Have is Knowledge. Subscribe to My Real Estate Whistleblower Blog and Find out What you Really NEED to Know About the Real Estate Industry. www.SavvyBroker.com

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TaubmanSucks.com

Just for your Education Check out www.TaubmanSucks.com

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All Realtors Sucks Blog

Check Out

Interesting Points made by an Ex-Realtor, a bit angry at times but it is informational and quite funny actually...

the Webmaster / Blogger's name is Jack here is what his profile says

"I am a former Realtor. This is why I chose to do this BLOG. The Real Estate Industry is broken. It needs fixing. As a former real estate agent I can tell you it SUCKS.
The consumer (that’s the seller, buyer, and investor) is being screwed and the government is part of the problem.

High Real Estate Commission Fees, High Closing Cost, and increasing property taxes are all part of a ‘Good Ole Boy’ attitude created by The National Association of REALTORS and endorsed by real estate brokers and even state real estate commissioners who are paid to protect the public.

The reason is simple these are political appointees and stupid state governors always select former real estate brokers.

An example of this is Elaine Richardson, Arizona’s Real estate Commissioner.

Check Out his Site and Speak up for Yourself... Crystal L. Cox... Real Estate Industry Whistleblower

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Lenders and Realtors

Lender Fraud Real Estate Fraud
Mortgage fraud's costs go beyond the loan
Widespread mortgage fraud has completely skewed home prices in some neighborhoods and raised questions about the late days of the housing boom.

Kai Ryssdal: Even as the housing market gropes for the end of its slide, those rising interest rates aren't making mortgages any cheaper. Unless you cheat.
A new study from the Mortgage Asset Research Institute says mortgage fraud in 2006 was up 30 percent from the year before. The head of the Mortgage Bankers Association figures that's just the tip of the iceberg, because the number included only included banks — not private lenders that aren't federally insured.
From WCPN in Cleveland, Mhari Saito reports that in some neighborhoods, fraud has completely skewed home prices and raised questions about the late days of the housing boom.
Mhari Saito: When contractor Chris Mansour bought his $340,000 home in the Cleveland suburb of Solon four years ago, he was moving up. His daughters could go to one of the region's best public schools. They could do their homework in their roomy, eat-in kitchen, or play in the living room with vaulted ceilings.
But it wasn't long before police started to regularly visit homes on the street and neighbors started to move in the middle of the night.
Chris Mansour: Well, like one particular house two doors down from me at this point has had six different residents in four years. And that's not an exaggeration. And actually seeing people on the street move from one residence to another residence on this same street . . . I mean, just something didn't make sense.
Over half of the homes on his street are being investigated for mortgage fraud.
Solon police say everyone — from the builder to the mortgage broker to the title company — were in on taking out loans and splitting the cash, with no intention of repaying them. Often, fraudulent owners had the cheek to rent the homes out for more cash. Some scammers did make mortgage payments as they borrowed still more by refinancing or taking out equity lines.
Solon detective Christopher Viland:
Christopher Viland: While the housing market was good and they could keep transactions going to keep themselves afloat, it didn't come to anybody's attention. So it wasn't until the market went into a slump and people couldn't make the notes anymore that a lot of these things came to light.
One of the homes under investigation was bought with a loan from Argent, one of the country's 10 largest subprime lenders. A spokesman for the Orange Country company says Argent has zero tolerance for fraud, and procedures to prevent it.
But Cleveland-area appraiser Robert Ruckstuhl says lenders were simply too focused on making money to notice.
Robert Ruckstuhl: How many times can you see the same names of the same brokers, or same loan officers, or the same borrowers coming through your system and not raise a question or raise a red flag?
Prosecutors are finding mortgage fraud all over the country. The FBI calls it one of the fastest-growing economic crimes, skimming at least $1 billion off the lending industry in 2005. Experts say the boom in mortgage fraud is tied directly to the boom in subprime lending and relaxed underwriting standards.
Scott Gilbert: As the lenders loosened up their rules, it made it easier for fraudsters to come in and take advantage of those changes to the rules.
Scott Gilbert heads the white-collar crime unit for the Cleveland FBI office. The so-called industry innovation that makes him the craziest are no-document loans. These are mortgages that require little or no proof of income. Last year, nearly half of all subprime loans were no-doc loans.
Gilbert: It's much easier to commit fraud, because you can fake the bank statements and there's no real verification of history or work employment.
In 2005, Eloise Anderson used no-document loans to borrow over a million dollars to buy four homes in five months, including one in Solon. Not bad for a U.S. postal worker making $55,000 a year. A county grand jury said Anderson lied to lenders about her income. She didn't return calls.
Dale Grubb lives across the street from one of Anderson's houses. He says he saw various people going in and out, but didn't know who they were. And the most upsetting thing is not knowing what the fraud will do to his biggest asset.
Dale Grubb: If we needed to sell the house, we have no idea what value it now has, given that we have a large inventory of houses now on the street in foreclosure at a questionable value — nowhere near what their actual value is.
Many in the industry, like Detroit realtor Ralph Roberts, say at the end of the housing boom, lenders were frantically boosting their loan volume and selling off loans to Wall Street. Many lenders rewarded local brokers that sent borrowers their way with hefty commissions.
Ralph Roberts: They were getting millions of dollars in bonuses for bringing business in the front door. Well the problem is the quality control on those deals coming in the front door wasn't being managed.
In Ohio, a new state law has clamped down on no-document loans, and prosecutors have launched highly public anti-mortgage fraud efforts.
But privately, law enforcement isn't so sure anyone will ever pay for the damage. That's because sentences for mortgage fraud are relatively light — from two to six years — and that's if defendants get jail time.

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Real Estate Fraud

Real Estate Fraud News
Former Edmond real estate agent Ann Campbell is going to federal prison.
Campbell, 66, has been sentenced to two months, plus two years of supervised release and fined $4,000 for conspiracy to commit wire fraud in connection with mortgage fraud in the sale of homes in Edmond's upscale Oak Tree addition.


She also was ordered to pay $52,490 in restitution. She remains free on bail until reporting to prison or a magistrate no later than July 16, court documents show.
The prison's location could not be confirmed late Thursday.
Campbell — Theresa Ann Campbell in court documents — had asked U.S. District Judge Joe Heaton for probation, citing her failing health and extensive community and church service over the course of a real estate career that spanned more than 30 years.
Through her attorney, Dan Webber, she declined to comment.
"Ann is glad this episode is behind her,” Webber said. "She just wants to complete her short sentence and return to her family.”
Webber said the judge considered her poor health and community service — and the fact that she already had had her state-issued real estate license revoked — in handing down the sentence.
After a two-hour sentencing hearing May 29, Heaton opted to follow sentencing guidelines less than the 10 to 16 months he could have considered for the conviction, Webber said.
Campbell was involved in three home sales that involved mortgage fraud, prosecutors said. She pleaded guilty in December to conspiracy to commit wire fraud in the sale of a home at 5916 Morning Dove Lane near her own home.
Prosecutors said Campbell, representing the seller of the house, conspired with another agent representing the buyer to falsify a document that said the seller would pay certain closing costs that then were "kicked back” to the buyer through a title company account belonging to Campbell. The original list price of the home, $235,000, was raised to $310,000 on documents used at closing, prosecutors said.
Webber said Thursday that he and prosecutors agreed that Campbell did not know how "phony repair allowances” or down-payment assistance funds in the deal were to be used and that she "did not receive a dollar” from them. He said he and the government also agreed at the sentencing hearing that "there were three properties that had something not properly reported” on closing documents. Several others involved in mortgage fraud in Oak Tree remain to be sentenced. Campbell was the most prominent of those investigated.
Campbell is no longer a Realtor, said Connie Hamilton, president of the Edmond Board of Realtors. Hamilton said Campbell's membership in the trade organization ended when the state revoked her real estate license in January.
The Oklahoma Real Estate Commission's investigation of Ruth Boss, Campbell's sponsoring broker at RE/MAX Associates in Edmond, continues, a spokeswoman said Thursday. Boss is a co-owner of Dominion Group, which owns RE/MAX Associates.

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Real Estate Fraud

Attorney general's office targets real estate fraudAssociated PressMonday April 9, 2007

With mortgage fraud cases appearing across the state, Indiana's attorney general is mounting a vigorous prosecution of real estate brokers and salespeople.
The crackdown by Attorney General Steve Carter follows a year in which his office brought disciplinary complaints against 170 appraisers. Currently, there are about 640 active investigations of real estate brokers and salespeople under way, Carter's office said.
"I would consider it a No. 1 priority in our state," said Tim Reed, chairman of the Indiana Real Estate Commission. "Anything dealing with those type of cases."
Since the attorney general's office opened its "homeowner protection unit" in July 2005, investigations and complaints against real estate professionals have soared.
A trial run of that unit was authorized by the Indiana Homeowner Protection Act, passed by the Indiana General Assembly in 2004 in response to predatory lending in the state. Both houses have passed bills this year to make the unit permanent.
"We hope that more people will recognize that there is a place to turn for help if they believe they have been the victim of, or suspect, questionable business practices," Carter said.
In 2004, the attorney general's office brought 17 complaints against real estate professionals to licensing boards. Last year, it lodged complaints against 188.
Since the homeowner protection unit began its work, 211 appraisers have faced discipline, according to the attorney general's office.
Consumer complaints are the basis of most of the attorney general's investigations and the number of such complaints has also soared since 2005, with 605 coming into the attorney general's office in 2006 alone.
The second phase of the attorney general's crackdown comes as mortgage fraud investigations of so-called "sub-prime" lenders are heating up nationally.
Real estate professionals say the emphasis is now shifting to real estate brokers and salespeople, who must be licensed to do business in Indiana. Those people can facilitate mortgage fraud through a variety of schemes, Reed said.
Many cases under investigation are land contract or so-called "rent-to-own" schemes.
Reed said people are often enticed into them when they are at risk of losing a home to foreclosure or facing bankruptcy.
Licensing boards can take action ranging from requiring the real estate professional to attend classes to revoking his or her license. Criminal cases can be referred to prosecutors.
A preliminary review of case outcomes by the Indiana Real Estate Commission shows 88 direct actions against a real estate professional's license in the past two years. Those actions ranged from probation to revocation of the license.
Indiana has long had among the highest home foreclosure rates in the nation, and still ranks in the top 10 nationally, according to RealityTrac, an online marketplace for home foreclosures.
Reed said the mortgage fraud problems arose from big changes in home lending practices in the last decade. He said no down payment, interest-only and other loan products have increased the risk and consequences of fraud.
"If you could fog a mirror, you could get a mortgage," he said.

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Other Sites..

www.CrystalCox.com

www.BrokersZone.com

Real Estate Whistleblower

www.BrokersConsultations.com

SavvyBroker.com

Crystal L. Cox
Real Estate Whistleblower

Consumer Advocate in Real Estate

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