Spam prevention
Rainmaker
2,763,009
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

I wish you all the best with your real estate studies.  

Oct 31, 2018 05:51 PM
Rainmaker
3,238,750
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Trouble may ensue

Oct 31, 2018 05:53 PM
Rainmaker
1,563,205
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

If you are lucky you avoid jail time.

Oct 31, 2018 06:22 PM
Rainmaker
526,320
The Villages Realty
The Villages Realty - San Jose, CA
"Our Performance Will Move You!"

One could be held liable for breach of fiduciaary duties.

Oct 31, 2018 05:35 PM
Rainmaker
2,891,714
Richard Weeks
Dallas, TX
REALTOR®, Broker

Anything from loss of license to a reprimand.

Nov 01, 2018 03:36 AM
Rainmaker
1,206,277
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

You will sleep here . . . Jail

Nov 01, 2018 03:02 AM
Ambassador
3,183,277
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

I'd think your instructor would be telling you what fiduciary duties are and to follow them to the letter of the law if you want to keep your license.

Oct 31, 2018 07:05 PM
Rainmaker
442,181
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

You don't want to go there.  Bad things happen to people who do not do the right thing for their clients and profession.  It is breaking the law ... what happens to people who break the law?  ....... thinking ...... there's your answer.

Oct 31, 2018 06:44 PM
Rainmaker
1,024,027
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

You go to prison.

Oct 31, 2018 06:12 PM
Rainmaker
3,164,953
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Your license is toast!

Nov 01, 2018 04:59 AM
Ambassador
4,053,477
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Bad things.

Nov 01, 2018 12:48 AM
Rainmaker
1,477,296
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

See the chapter'' fees, fines and other consequences''.

Oct 31, 2018 11:28 PM
Rainmaker
1,444,203
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

Joshua, how have you been? School? When is the TEST?

Oct 31, 2018 08:57 PM
Rainmaker
1,022,292
Valeria Mola
SIB REALTY - Sunny Isles Beach, FL
305-607-0709 SIB Realty

Yes, I wonder too. 

Oct 31, 2018 08:04 PM
Ambassador
3,912,755
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Better to understand what these duties are and the importance of following them.

Oct 31, 2018 07:32 PM
Rainmaker
521,721
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

You shower with Bubba now.. so don't drop the soap. 

Nov 01, 2018 06:23 AM
Rainmaker
2,971,607
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

You lose a client; you get sued; you pay a fine; you might go to real estate jail; you might lose your license. Is this not in your text books?

Nov 01, 2018 05:17 AM
Ambassador
2,344,089
Fred Griffin presently on Leave of Absence
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 You face a civil suit from your client.

 You face disciplinary action from your State's Real Estate Commission.

 Your client might file a grievance or ethics complaint against you via your Board or Association.

Oct 31, 2018 07:20 PM
Ambassador
1,610,832
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

The Hound of the Baskervilles visits you.

Oct 31, 2018 07:03 PM
Rainmaker
2,423,261
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Everything you worked for so far falls apart for you and your clients and chaos reigns. Losses, lawsuits, license censure and many a sleepless night

Oct 31, 2018 06:07 PM
Rainmaker
2,940,394
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

You go to jail, do not pass go  but in reality you have violated your duty to your client. Despite what the state may do, you will lose clients and soon seek a new job outside of real estate

Nov 01, 2018 05:05 AM
Rainmaker
1,817,056
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

unhappy clients

Nov 01, 2018 04:12 AM
Rainmaker
761,803
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Best answer: The Villages Realty 

Oct 31, 2018 09:37 PM
Rainmaker
534,100
Tony Lewis
RE/MAX of Valencia (Hall of Fame) 30 year Valencia Resident - Valencia, CA
RE/MAX Valencia, Stevenson Ranch, Santa Clarita

Far too often, nothing.  I know of an agent that was very unethical and was on the ethics committee.  We have our hands tied trying to police ourselves as it is too time consuming and doesn't get the support warranted.

Nov 01, 2018 01:00 PM
Rainmaker
983,928
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

 Point at exit door to your office, DRE.....

Nov 01, 2018 07:41 AM
Rainmaker
4,310,407
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Call your attorney, you are about to go to jail.  A

Nov 01, 2018 07:28 AM
Ambassador
3,981,932
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

It could be a COE violation or Broker Law violation. If it is really bad their is always a chance of a civil lawsuit.

Nov 01, 2018 06:52 AM
Rainmaker
526,059
Mike & Eve Alexander
Buyers Broker of Florida - Orlando, FL
Exclusively Representing ONLY Orlando Home Buyers

Not much. 

Most brokers do not clearly understand "fiduciary" and if an agent is turning a deal now and then, the broker will ignore everything they do wrong.

The state is too busy to deal with "he said-she said" which is evidenced by all the licensed agents that have no clue what a fiduciary duty is.  They are more worried about "liability" than actually doing their job.

The only time you might get into serious trouble is if you run off with the escrow money.

Eve

Nov 01, 2018 06:18 AM
Rainmaker
4,866,933
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

there are a few things that could happen.... loss of license; jail time; and whatever penalties they feel justified for breaking the law.

Nov 01, 2018 05:46 AM
Rainmaker
5,262,244
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This could be a very costly experience.

The lawyers will charge you thousands in addition to the damages you caused.

Oct 31, 2018 05:54 PM
Rainmaker
4,019,646
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Definite consequences.

Nov 04, 2018 07:09 AM
Rainmaker
650,336
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Do not pass Go. Go directly to jail. (In extreme case.)

Professional discipline, if a Realtor.

Possible loss of license.

Nov 03, 2018 05:34 PM
Rainmaker
3,977,611
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Study hard my friend!!!

Nov 02, 2018 07:42 PM
Rainmaker
1,210,414
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Bad things.  Lawsuits, articles written in the post, times and inman... and not the good kind.  Jail is always a possibilty and probably not the white collar kind either...

Nov 01, 2018 08:57 AM
Rainmaker
4,796,451
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

There is a breach.

Nov 01, 2018 07:44 AM
Rainmaker
4,431,972
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I

Nov 01, 2018 03:12 AM