Frankly, I get annoyed at petty reporting of minor infractions. For example, I have witnessed a broker calling the police station to report the fact a competing broker placed a direction sign on a street corner in a municipality where such was probated. I haven't the time or inclination to participate in this nonsense activity.
Actions which are clearly illegal or pose danger to the public should be reported. Serious issues would justify a report made to the real estate commission.
I am an advocate of trying to resolve things directly and at a lower level first. Difficulties can arise from failed expectations and breakdown in communications. The first attempt at resolution should be with the agent or his/her broker. I have seen some posts on Trulia where the RE Pro recommended a report to a board attorney, an association or real estate commission. I have considered some of these recommendations unfounded based upon the limited info presented by the poster. Instead of bogging systems down unnecessarily, I recommend finding out more about the root of the problem. So often communication can go a long way in resolving a misinterpretation. A misunderstanding might be rectified in an afternoon absent the aggravation and time investment of escalation if not needed.
Unfortunately, in this, as in any industry, you will find those who are less scrupulous than others. I believe in recommending appropriate action based upon the infraction. Serious issues do belong at a high level, and perhaps directly to that level. The first course of action in most cases should be to contact the broker. Most brokers will make a serious effort. If that does not bring about resolution, contact the local board.
Although in California contract, we usually ask for proof of funds within a certain period of days (normally 7 days). If the buyer could not show the cash to purchase, the seller can first request performance and then cancel the contract.
However, if the buyer is getting financing and looks like will be able to get that, I would think the sellers will just want the deal to go through and probably will not cancel because just it is not all cash. If the buyer removed all contingencies and could not come up with the cash, then they could lose the deposit.
This untruthful behavior might get sellers really nervous and upset, and may even cancel the contract, but Illegal, I don't think so. Money is money is money.
I dont know why I just mentioned that but I would think that maybe thats illegal....what do you think?
I held an inactive out of state Real Estate license from NC for almost ten years. The $35 per year was almost worth getting the newsletter with disciplinary actions. Every once in a while I'd see something interesting or someone I knew. But for the most part, the only way anyone would ever really get in trouble was co-mingling funds or not depositing Earnest Money.
But the agents that played dual agency in my opinion didn't do anything illegal< I would think that maybe there was a variable in the listing agreement and maybe the seller only payed out 3% in comm as oppose to 5-6% because of the dual agency..... and since both the seller and the buyer have to agree 2x for dual agency ........ then why is that viewed as illegal or lost of credabilty or no integrity ... (sean and ute?) ( help maybe I am misunderstanding both of your answers.)
Ruth :) if you feel you have been wrong you can call or visit the the IDFPR.com website and put in a complaint and they will investigate ... over to the left of the screen ( professional regulations ) and navigate your way through.... hope this helped.
I believe if we are aware of or have reason to believe there is unethical behavior occuring we are supposed first supposed to notify our Broker.
A few months ago, an agent created a "stealth website" that did not have this information available. When confronted, they changed the site to include it in very small print, which was legal. The agent tried to say it was always there. Of course, the information was not on a cached view of the website. So much for that agents reputation among piers. This was probably an honest mistake, but their actions spoke otherwise.
I would at least start with the agent, perhaps it was an honest mistake or error. If not, the next step is my office manager.
But Patrick, no use hiding behind your broker all the time.
I have wasted 20 minutes staring at your answer. I don`t get it.
You know I thought we were buds, pals, I`m from Chicago, you live in Chicago.
I thought we were like this( picture, fingers crossed).
However lately you have been picking on me. You think you`re really tough in that brick bungalow dont ya.
I am reporting you to my Broker.