Unscrupulous Post Falls Lender & Realtor in cahoots!
Have you ever said, "I never thought that would happen to me"?
So, I have a buyer all signed to a buyers representation agreement. This is a first time home buyer so I take the position of a patient teacher. We start looking at homes and I am learning their wants and needs. Well in a matter of a few short days this "represented" buyer stumbles across a less than honest lender in Post Falls, ID, nearby. This Post Falls lender states that I can help you qualify for a USDA loan but, "you must use my preferred Realtor." I get wind of this and talk to my client. My client apologizes and says that they didn't know that this was wrong. They had told the Realtor that they had signed a paper with me. Now, I have a confused client that is souring on the idea of owning a home and questioning my integrity as well.
Did the other Realtor call me to inquire ... NO! Did the other Realtor follow the code of ethics? It turns out that this lender does this quite frequently and steers clients that he qualifies to "his Realtor."
I called the Realtor (giving him the benefit of the doubt) and ask him what is going on? He hems and haws and makes excuses for his behavior and when I request that he break off contact with my client he indicates that he will not because he has not seen any signed buyers representation agreement. I responded that my broker is standing right here and she will confirm that she is looking at the buyers representation agreement. NO ... not good enough, he demands that we fax a copy to him. I refused, and my broker invited him down to the office if he indeed wanted to see the agreement. Needless to say, he didn't show.
Most Realtors are good people that are committed to their families and community. And by giving great service to the public help build stronger communities.
With patience and persistence I was able to demonstrate to my client that they are really what this transaction is all about and not myself or the other jackals hovering on the perimeter. ... but I must admit, I never thought that would happen to me!
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