Home Selling in Minnesota>Question Details

Bob, Home Seller in Minneapolis, MN

realtor fraud

Asked by Bob, Minneapolis, MN Thu Jun 26, 2008

I believe Realtor hid a $6000 price reduction (post inspection) as an amendment to the initial offer, rather than worry about whether I would have agreed to do. My Realtor told me that the buyer's inspector made a mistake in 2005 when they bought the house that they sold to buy mine. He missed identified a 60amp electrical service that ended up costing our buyers thousands. So, I believe he came to my house and "made it up for them" with some exaggerated demands. Buyer signatures appear forged. A duplicate amendment was made without stating reason for reduction. Agent claims lender did not want it linked to work to be done on home. I have a memory impairment as a result of depression, PTSD and ECT, and believe that they did not expect that I would figure out what was done. I do not believe the buyers were aware at the time, but have likely been coached about what to say. Their deal was not affected, but was not provided an opportunity to at least request a different inspector

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I think it's curious that you say the buyers signatures appeared forged. What incentive would the agent have to forge the buyers signatures? Isn't your point that this reduction is to the buyers' advantage? And, what about your signature? Both the buyers and sellers have to agree and sign every signature place on the purchase agreement and accompanying addenda or amendments. Are you saying your signature was forged as well? I guess I would say if you feel some wrong doing has occurred, you might want to pursue this matter through the proper authorities. But, make sure you have some quantifiable proof.
0 votes Thank Flag Link Fri Jun 27, 2008
There doesn't seem to be a specific question in your statement. The inspector the buyer picks is of their choosing, not yours, but you also have the right to deny any of their requests for repairs, at which time they could cancel the contract.

If you have concerns about the ethical nature of your agent, the first thing would be to talk with them and see if you misunderstood the situation. If that is not the case, take the issue up with their broker. If you still do not get satisfaction, you can contact the Minnesota Department of Commerce and/or the Minnesota Association of REALTORS to make formal complaints.

Of course if you felt coerced, it would also be wise to seek the advice of an attorney, as I am not one.
0 votes Thank Flag Link Thu Jun 26, 2008
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