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  #1  
Old 01-22-2004, 06:18 PM
ultimatejeep
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Realtor buying house after your offer


What is the name of your state? IL

My sister talked to a realtor to make an offer on a house and offered to pay the asking price. When she called the realtor back the next day to get the ball rolling he said the house is already sold. The thing is the we have found out the realtor had made a previous offer on the house himself and that he has been involved in some shady deals in the past.

First of all is it not illegal for the realtor to purchase this house?

Secondly how can my sister go about compiling the necessary info to do anything about it?

Finally who should she contact regarding this?

Thank You in advance for your time
  #2  
Old 01-23-2004, 09:51 AM
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Join Date: May 2000
Location: Catatonic State
Posts: 75,781

Re: Realtor buying house after your offer


Quote:
Originally posted by ultimatejeep
What is the name of your state? IL

My sister talked to a realtor to make an offer on a house and offered to pay the asking price. When she called the realtor back the next day to get the ball rolling he said the house is already sold. The thing is the we have found out the realtor had made a previous offer on the house himself and that he has been involved in some shady deals in the past.

**A: is this Realtor the listing agent for the property or any way connected to the Seller?
*******

First of all is it not illegal for the realtor to purchase this house?

**A: no.
*******

Secondly how can my sister go about compiling the necessary info to do anything about it?

**A: what are the facts.
********
Finally who should she contact regarding this?

**A: the agents broker and the IL state real estate regulatory agency.

Thank You in advance for your time
  #3  
Old 01-23-2004, 10:30 AM
ultimatejeep
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He is the listing agent and he never submitted my sisters offer of the asking price but instead bought it himself at less than that listing price.
  #4  
Old 01-23-2004, 10:41 AM
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Join Date: May 2000
Location: Catatonic State
Posts: 75,781
Quote:
Originally posted by ultimatejeep
He is the listing agent and he never submitted my sisters offer of the asking price but instead bought it himself at less than that listing price.
**A: highly unethical but without all the intimate details, it would be hard to really give you an opinion.
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