what is the worst case you have ever herd of in regards to fiduciary duties not being honored?

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Jeffrey Hillier, Construction (Show Services)

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Rainmaker
5,775,052

Ron and Alexandra Seigel

Napa Consultants - Carpinteria, CA

Luxury Real Estate Branding, Marketing & Strategy

Jail time

Dec 23, 2016 05:15 PM

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2

Nina Hollander, Broker

Charlotte, NC
Tony and Suzanne Marri...

Scottsdale, AZ

Rainmaker
1,046,490

Dave Martin (703) 585-4687

Local Ads Easy - Fairfax, VA

Local Exclusive Leads for Local Businesses

Too many bad cases I can think of to pick a worst... frequently I see and hear of listing agents getting calls on their listings and immediately trying to convince the buyers towards other listings. This seems to happen more in very active markets from what I have seen.

Dec 02, 2017 01:59 PM

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Rainmaker
4,989,492

Michael Jacobs

Pasadena, CA

Pasadena And Southern California 818.516.4393

I imagine it would include jail time, loss of license and fines.

Dec 29, 2016 04:48 PM

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Ambassador
2,761,351

Fred Griffin Florida Real Estate

Fred Griffin Real Estate - Tallahassee, FL

Licensed Florida Real Estate Broker

Jail, fine, permanent revocation of license, judgment lien from the civil suit, all resulting in financial ruin.

Dec 24, 2016 06:42 PM

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Ambassador
3,527,754

Kathleen Daniels, Probate & Trust Specialist

KD Realty - 408.972.1822 - San Jose, CA

Probate Real Estate Services

Loss of license and jail time.

Dec 24, 2016 02:27 PM

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Rainmaker
1,580,325

Ryan Huggins - Thousand Oaks, CA

https://HugginsHomes.com - Thousand Oaks, CA

Residential Real Estate and Investment Properties

"Three hots & a cot" for the next X years

Dec 24, 2016 11:02 AM

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Ambassador
3,769,328

Patricia Kennedy

RLAH@properties - Washington, DC

Home in the Capital

I try to focus my attention and energy on attracting cooperating agents who do a fantastic job for their clients, and that's usually what happens. As a result, most of my transactions are quite wonderful. So I don't get exposed to enough of the bad stuff to answer your question.

Dec 24, 2016 10:47 AM

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Rainmaker
4,434,327

Gita Bantwal

RE/MAX Centre Realtors - Warwick, PA

REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

None

Dec 24, 2016 07:22 AM

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Rainmaker
5,589,875

Barbara Todaro

Keller Williams Elite - Franklin, MA

"connecting land with builders"

I haven't heard of any here, but the penalties are fierce... jail time is the worst...

Dec 24, 2016 06:50 AM

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Rainmaker
1,618,029

Harry F. D'Elia III

WEDO Real Estate and Beyond, LLC - Phoenix, AZ

Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

I do not track cases

Dec 24, 2016 06:44 AM

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Rainmaker
5,869,595

Wayne Martin

Wayne M Martin - Oswego, IL

Real Estate Broker - Retired

Revocation of license and jail time plus fine!

Dec 24, 2016 06:19 AM

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Rainmaker
5,703,478

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Real Estate Broker

I don't follow such cases.

Dec 24, 2016 05:14 AM

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Rainer
213,318

Dennis Swartz

Full Circle Property Management - Columbus, OH

MBA, GRI...experience counts!

I "herd" about a new agent that learned all their real estate from discussion boards and sold a client the wrong house....

Actually lots of confidential info slipping out of an agents mouth over dinner that caused a house to sell lower...and the agent was sued.

Dec 24, 2016 04:27 AM

Upvote

Rainmaker
3,076,632

Tony and Suzanne Marriott, Associate Brokers

Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ

Coldwell Banker Realty

Ron and Alexandra Seigel nailed this one!

Dec 24, 2016 02:42 AM

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Ambassador
7,089,091

Bob Crane

Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI

Forestland Experts! 715-204-9671

Come on Jeffrey, let's focus on the good agents not the bad ones

Dec 23, 2016 05:42 PM

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Rainmaker
3,986,584

William Feela

WHISPERING PINES REALTY - North Branch, MN

Realtor, Whispering Pines Realty 651-674-5999 No.

WOW! |Where do I start!

Dec 23, 2016 05:35 PM

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Rainmaker
8,565,677

Roy Kelley

Retired - Gaithersburg, MD

Jail time.

Dec 23, 2016 04:21 PM

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Rainmaker
1,292,505

Sam Shueh

(408) 425-1601 - San Jose, CA

mba, cdpe, reopro, pe

in jail

Dec 23, 2016 03:41 PM

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Rainmaker
3,988,324

Debbie Reynolds, C21 Platinum Properties

Platinum Properties- (931)771-9070 - Clarksville, TN

The Dedicated Clarksville TN Realtor-(931)320-6730

Agents routinely don't take the confidentiality part of fiduciary duties seriously. They share those details with a fellow agent or spouse or partner.

Dec 23, 2016 03:22 PM

Upvote

Rainmaker
4,329,362

Praful Thakkar

LAER Realty Partners - Burlington, MA

Metro Boston Homes For Sale

Nothing much so far.

Dec 23, 2016 02:54 PM

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Rainer
97,966

Carol Wilson

Your $imple Home - Toronto, ON

You could probably have thought of the person losing their license, but you may have wondered if it really happens. It does. And the person's self respect has to be really low to conduct himself or herself that way. I don't recommend it.

Dec 23, 2016 01:30 PM

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Rainmaker
1,713,681

Joe Pryor

The Virtual Real Estate Team - Oklahoma City, OK

REALTOR® - Oklahoma Investment Properties

Agent drawn and quartered.

Dec 23, 2016 01:20 PM

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Rainmaker
1,466,272

Michael Setunsky

Woodbridge, VA

Your Commercial Real Estate Link to Northern VA

Jeffrey Hillier An agent losing their license.

Dec 23, 2016 12:56 PM

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Rainmaker
816,626

Lynnea Miller

Bend Premier Real Estate - Bend, OR

Premier Real Estate Service in Central Oregon

The property manager taking the funds in her client trust account and using them for personal items. This resulted in license revocation and prosecution for theft.

Dec 23, 2016 12:32 PM

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Too many bad cases I can think of to pick a worst... frequently I see and hear of listing agents getting calls on their listings and immediately trying to convince the buyers towards other listings. This seems to happen more in very active markets from what I have seen.
I imagine it would include jail time, loss of license and fines.
Jail, fine, permanent revocation of license, judgment lien from the civil suit, all resulting in financial ruin.
I try to focus my attention and energy on attracting cooperating agents who do a fantastic job for their clients, and that's usually what happens. As a result, most of my transactions are quite wonderful. So I don't get exposed to enough of the bad stuff to answer your question.
I haven't heard of any here, but the penalties are fierce... jail time is the worst...
I "herd" about a new agent that learned all their real estate from discussion boards and sold a client the wrong house....

Actually lots of confidential info slipping out of an agents mouth over dinner that caused a house to sell lower...and the agent was sued.
Come on Jeffrey, let's focus on the good agents not the bad ones
Agents routinely don't take the confidentiality part of fiduciary duties seriously. They share those details with a fellow agent or spouse or partner.
You could probably have thought of the person losing their license, but you may have wondered if it really happens. It does. And the person's self respect has to be really low to conduct himself or herself that way. I don't recommend it.
The property manager taking the funds in her client trust account and using them for personal items. This resulted in license revocation and prosecution for theft.