With ALL that being said, I would suggest the real estate commission and/or the multiple listing service and/or the Board of Realtors. It's ridiculous and is happening in Newark, Montclair and I'm sure other areas as well.
Please keep us posted or at least keep me posted with your progress Gina@GinaChiricoRealEstate.com
Thanks and good luck,
Normally I would say report issues with the agent to the broker, but if an agent is this laxed the office itself may not b very professional or ethical.
Best of Success to You,
Kawain Payne, Realtor
Same things with short sales. Many accept multiple offers and will respond only to the highest and best after reviewing all of the submittals.
I have found this frustrating, but I always advise customers who make offers on REOs and short sales that this may happen. So if we don't receive an answer within several business days, they know it is time to search for other properties.
If the agent does not respond, you can start by calling their broker; however, many of the agents who list REOs are often among the biggest producers in their brokerage. Therefore, the broker is not likely to censure them.
Marc Jablon, The Jablon Team
RE/MAX Complete Solutions
Can you tell you touched a nerve with this question? I'm sure those of us reading and responding are the ones who know and follow the rules! It's like preaching to the choir, but thanks for letting me vent!
I agree with others, reporting to the local Realtor association is probably a first step.
These listing they get are all bank owned or short sales
My guess is that the buy these properties themselves or they have select client that they sell to.
The one who lowered the asking price after I submitted an offer over asking price probably is just driving the price down to where he wants to buy it or his buyer wants to get it at from the bank.
Thanks to all for your response.
I just finished retaking my Ethics course and will be reporting these brokers next week.
I gave him the heads up to advise commission before I filed my complaint. I figured if I didn't file he would accuse me of being complicit in his previous sales.
Long story short - he sent a letter toFREC admittingto one attempted sale without a license. FREC localinvestigator called me and askedif I knew ofother sales. I asked if I had to answer which ofcourse gave him his answer. NOTHING was done , no follow up. Guy recently took the RE course and got his license as an agent. Plus he told everyone he could that I set him up and lied about him. and it was his secretary's fault that his license expired.
There is no protection from bad licensees - thye go on like nothing ever happened.
Rules and ethics are for HONEST - ETHICAL people. Others do as they please.
I got the last laugh, buyer transferred the sale to me so I got100% of that commission.
Our broker has recently given us a copy of sample letter to send to these offending agents. It cites the exact ethics code they are violating with their non-response and the potential consequences. That seems to get their attention!
Best of luck!