It’s shocking, but it happens every day. Real estate agents lie to consumers and do not disclose and no one holds them accountable for their actions. Nobody can hold a real estate agent responsible for his lies. Real estate agents are protected on many levels.
Real estate consumers are hurt every day by the lies they are told by real estate agents. Yes, it’s a cruel world and people lie sometimes, the thing is that members of the National Association of Realtors lie, do not disclose and are not responsible for the NAR’s so-called “highest standard” umbrella under which they work . .
No one listens to the cries of real estate consumers, sleepless night after night as they wonder if tomorrow will be a better day. If tomorrow they will find a way to make the real estate agent pay for the lies they told, or for what they did not reveal that made the property purchased unsaleable, dangerous to live in, worth less, or causing significant damage to the structure.
Even if you have proof that real estate agents are lying, you must fight for the rights that should be basic in a real estate transaction. Having a real estate agent in the real estate transaction actually provides more legal protection from the buyer being misled, cheated, misled, and undisclosed. Without the real estate agent, the buyer could sue the seller and, with proof, might win; maybe not, but it would be a simpler situation.
If a Real Estate Agent is not a “Realtor,” a member of the National Association of Realtors, or a Non-Franchise Real Estate Broker, then this is also better for the real estate consumer, because they will do more research to find out. make sure what they are saying is really true.
Why? They have more responsibility, non-realtors don’t have that superpower of the National Association of Realtors, those who lobby for them and the giant insurance companies that back them.
Top E and O insurances want, require you to be a Realtor Member or they don’t insure you. Why is this? Well, because the members of “Realtor” are of a higher level. It’s not true, but hey, it’s their motto, so
The Realtor and the Previous Seller can act as if they “don’t know”. Even if they did it’s a rumour, right? However, now he knows and is there for all to see because he is seeking justice.
I have had real estate agents ask me if my client fixed a problem under the kitchen floor in a property that was listed for sale. You see that your client or friend wants to know BEFORE they buy, what a novel concept, right?
Well, it just so happens that just 6 months prior to this “Foot in Mouth” call, my client had purchased this property with one of my “realtors” as his buyers agent, and this “problem” was not disclosed to him. . Yeah they found it, they fixed it, it was a problem of well, I can’t sue the real estate agent, I will lose and it will cost more right, so the owner fixed it. Finding out later that the real estate agent knew and admitted that he knew was shocking.
He did it boldly because, as an agent for Century 21, he knew there was really no way to touch it. Many times, this same agent had been “protected” by the Local Association of Realtors. He was and is Owner Broker, Real Estate Agent, and the local association gives him protection and special treatment. This is not unique to the area I’m talking about. I have seen this in several states and in various real estate agent associations.
C21, Coldwell Banker, Sotheby’s and ERA have even more protection because they are all owned by the same Corporation, and in this they have lawyers, insurance and mega-protection which means for you the real estate consumer, You Lose. Oh, I know you were lied to and cheated on, I know your real estate agent didn’t disclose it, but you’ll see we’re going to keep you in court longer than your wallet, your life, your children’s lives, and your marriage can possibly bear.
The National Association of Realtors lobbies to make sure they have more rights than you. Nobody lobbies effectively for Consumer Rights in Real Estate because who has more money than the National Association of Realtors? And he’s willing to spend it fighting for the rights of the Real Estate Consumer in the Real World of Real Estate.
So with this, the laws lean more and more every month – day – week to make it easier for the Realtor to lie, Mandatory E and O insurance is one of these horrible acts on the Real Estate Consumer. Doing, the Real Estate Agent, by Law Protect themselves from the Real Estate Consumer.
Several times I have seen a real estate agent put in writing that a buyer will have access to the lake, that the seller currently has access to the lake, and that the buyer will have it once they purchase.
The real estate agent deliberately lies or simply accepts what the seller says without proving it, and in the end, the buyer must fight for years to get justice or to gain access to the lake they were told the sale would “come with.” There is no consumer protection in real estate.
Whether real estate agents join in deliberately or without really knowing the facts, they are not liable either way. They can simply say they didn’t know and the laws protect them. They should have known, especially before they used “Lake Access” in their marketing. But the real estate agent knows that he has no real responsibility and a lot of loopholes to get out of any financial responsibility, so they don’t go ahead and prove what the seller says, and they don’t provide any real proof to the seller.
In one incident I listed a 20 acre parcel the seller said they had access to the lake I believed them however I wanted proof on my file so I asked the seller for the easement or documents proving they had access to the lake . You won’t believe the paperwork they had, they had a purchase agreement, whereby the seller and real estate agent wrote that they had access to the lake. The buyer thought that if he was in the deal, then it was true, they really did have Lake Access. No matter what the buy-sell says, yes, it’s a legally binding contract, but after you sign the closing documents (and the title company won’t prove anything in the buy-sell), anyway, after you sign, then it is what it is. You must have all parties prove what they promised or offered in the sale before you sign the closing documents. The buyer thinks that the sale of real estate is a binding contract.
It is in the sense that if the buyer and the seller sign and one tries to back out, you can take a few years off your life and sue for “Specific Performance” to force the buyer or the seller to fulfill the contract, in case of who want to go out. for some reason. However, the purchase agreement is not automatically legally binding, in no way should you fight for your right to actually have what the purchase agreement promised you should or could have.
In this situation, the seller, who used to be the buyer, also had the original listings that the real estate agent posted stating that they had access to the lake. It turned out they didn’t have access to the lake and never would because the lake was fed by an irrigation ditch and had a turbine, they didn’t want anyone in it.
The real estate agent, the seller may promise the moon, they may be lying or actually believe what they are saying, either way you need to prove it before you sign.
People’s lives are ruined by real estate agents who fail to take responsibility for the lies they tell, knowingly or unknowingly.
The insurance that real estate agents carry will beat the real estate consumer almost every time, even in the largest and most proven cases of fraud.
Real estate agents are required by law, they have to “investigate” complaints, they have to listen to the real estate consumer and do the right thing.
This is Bull on every level. The Director of the Association of Real Estate Agents encourages (does, cheats, denies) members of the “Real Estate Agent” not to file a complaint, she flatly denies them due process. She also does this when the Real Estate Consumer calls her for help. She suggests a real estate attorney and thus begins the Diary of a Lawsuit. Years of your life, without any help from the real estate agent or Association of Realtors that got you into the mess in the first place. They pass on to other “Victims”, I mean real estate consumers, still get a good nights sleep and make money. Whereas the Consumer starts the lawsuit to fight for what the Real Estate Agent told them she had, or for a Real Estate Agent’s non-disclosure.
The Local Association of Realtors turns a blind eye to consumer distress, this includes a Realtor Member who becomes a Real Estate Consumer. Turning on their own, choosing the real estate agent with the largest franchise behind them.
This is the cold hard fact of the real world of the real estate industry.
What do I hope to gain from all this nonsense? Well, not Justice, that’s for sure. I hope to save you from going through what others have gone through. I hope to stop you from what I myself have personally seen and been through.
I could just walk away, be a realtor, get a new career, and move on quietly. But that is not mine, I am very good at real estate, however, I cannot stand the total disregard for Real Estate Consumer Rights before, during and after the real estate transaction. I can’t stand the commercials, billboards, and websites that claim real estate agents are of a higher standard and are the voice of real estate. The National Association of Realtors should be stripped of its trademark on “NAR is the Voice of Real Estate.” This is propaganda, this is a slogan, a way to lure in unsuspecting prey, this could be the new “real estate agents” or the “real estate consumer”. Come on NAR, we’ve got your back, we’re “…the Voice of Real Estate”, we’re constantly lobbying against the consumer and there’s nothing they can do about it. Join the National Association of Realtors and you can have a “higher standard.”
Okay, lawsuit time, get out your checkbook. Time to pay real estate attorney, forensic engineer, structural engineer, mechanical engineer, CAD designer, architect, roofing inspector and many more “specialists”,
Why can real estate agents just say anything to make the sale and not have to prove it? This is something that several real estate agent associations I have seen allow, condone and even encourage, the best agents get away with ruining your life, it is just the way it is.