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-   -   Realtor Result (https://britishexpats.com/forum/maple-leaf-98/realtor-result-689447/)

Tangram Oct 13th 2010 8:38 am

Realtor Result
 
Some may remember that this year we had an aborted purchase which fell through due to, in our opinion, unsatisfactory dealings done by either one or both Realtors involved.

Anyway, we thought we would report them to the Provincial board and see what happened, even though we knew that nothing would come back our way.

Well, the board agreed with us. They published their decision that "whilst not malicious in intent, the conduct showed unprofessional misconduct".

The defense cited one Realtor's "many years of exemplary service" which to me makes the transgression even more misconduct than was indicated as he basically should have known better. Anyway, the selling Realtor got a $3000 fine and our Realtor at the time got $1000 fine.

The selling Realtor must have gotten about $20k- $30k in fees as he was the selling agent on the two prior properties in the chain as well as the buyer's Realtor whom the deal went to, so the fine is a little drop in the ocean.

But, we have a little satisfaction, though no compensation, that they at least got a wrap on the knuckles and a fine.

mandymoochops Oct 13th 2010 9:30 am

Re: Realtor Result
 
maybe my memory is a bit hazy but what went on then?

Tangram Oct 13th 2010 9:33 am

Re: Realtor Result
 

Originally Posted by mandymoochops (Post 8916391)
maybe my memory is a bit hazy but what went on then?

We had an offer accepted with no info detailed regarding any other offer in play. A month down the line we were told this 'other offer' had removed conditions so we were out. Our contract said we had 12 hours to remove ours, so we did. Basically ending up with two 'valid' contracts. Oooops.

nikki dreaming Oct 13th 2010 10:26 am

Re: Realtor Result
 
good to hear some justice:thumbup:

Almost Canadian Oct 14th 2010 6:42 am

Re: Realtor Result
 

Originally Posted by nikki dreaming (Post 8916498)
good to hear some justice:thumbup:

I don`t know about justice - that to me would be the realtor having to pay more than s/he received in commission. Having to give back $3000 of a $20-30K commission appears to suggest that it pays to do things wrong:(

Tangram Oct 14th 2010 7:00 am

Re: Realtor Result
 

Originally Posted by Almost Canadian (Post 8918768)
I don`t know about justice - that to me would be the realtor having to pay more than s/he received in commission. Having to give back $3000 of a $20-30K commission appears to suggest that it pays to do things wrong:(

Agreed.

mickycrockett Oct 14th 2010 10:03 am

Re: Realtor Result
 
They all piss in the same pot!! There some bad Realtors out there!!!


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