Home     Law Advice     Insurance Advice     Community    
Go Back   FreeAdvice Legal Forum > REAL ESTATE LAW > Mortgages, Refinancing & Foreclosure
Reload this Page HELP with aweful realtor

Powered by Attorney Pages


  Find An Attorney In Your Area    
 

Reply
 
LinkBack Thread Tools Rate Thread Display Modes
  #1  
Old 03-26-2008, 04:07 PM
Junior Member
  
Join Date: Mar 2008
Posts: 1
Unhappy

HELP with aweful realtor

New York State

I work for a mortgage company in NY and we make many great and long lasting relationships with realtors. Unfortunately one realtor we wanted to work with has a mortgage company of their own. The owner of my company and this realtor (who owns his own real estate company and mortgage company) got into an altercation. The realtor threatened my boss saying that he would cut his legs off if my boss wouldn't stop working with his realtors. Then the realtor said that he would inform all of his realtors that if they did any business with my mortgage company then they would be fired on the spot. Obviously a client has the right to go through whomever they want to for financing irregardless of what the realtor says. What law exactly is this realtor violating?

I am filing a complaint with the association of realtors in our area about how he has threatened his realtors with being fired if their clients choose to go through our mortgage company for financing. The association requires our company to list the laws that the realtor has broken. I'm at a loss as to where I can obtain this information. Please help!
  #2  
Old 03-26-2008, 04:09 PM
Senior Member
  
Join Date: Jan 2005
Posts: 14,775
Quote:
Originally Posted by stephanieadel View Post
New York State

I work for a mortgage company in NY and we make many great and long lasting relationships with realtors. Unfortunately one realtor we wanted to work with has a mortgage company of their own. The owner of my company and this realtor (who owns his own real estate company and mortgage company) got into an altercation. The realtor threatened my boss saying that he would cut his legs off if my boss wouldn't stop working with his realtors. Then the realtor said that he would inform all of his realtors that if they did any business with my mortgage company then they would be fired on the spot. Obviously a client has the right to go through whomever they want to for financing irregardless of what the realtor says. What law exactly is this realtor violating?

I am filing a complaint with the association of realtors in our area about how he has threatened his realtors with being fired if their clients choose to go through our mortgage company for financing. The association requires our company to list the laws that the realtor has broken. I'm at a loss as to where I can obtain this information. Please help!
Your association NEEDS to hire a local attorney that specializes in R.E.
__________________
"Judges want people to be reasonable. Where one parent won't be reasonable, judges still want the other parent to remain reasonable." (Ford)
  #3  
Old 03-26-2008, 04:09 PM
Senior Member
  
Join Date: Aug 2005
Location: St. Odo of Cluny Parish
Posts: 29,043
Sounds like competition to me.

By the way, do you know what a Realtor (r) is?
__________________
There are two rules for success:

(1) Never tell everything you know.
  #4  
Old 03-26-2008, 04:21 PM
Senior Member
  
Join Date: Mar 2007
Posts: 3,337
Just because it's fun to learn something new every day:

Irregardless isn't a word. The word is "regardless."
  #5  
Old 03-26-2008, 04:21 PM
Member
  
Join Date: Mar 2008
Posts: 78
A Realtor steering buyers to a particular lender is a clear violation of RESPA. This Realtor, however is steering buyers AWAY from a lender, indirectly at that.
  #6  
Old 03-26-2008, 04:23 PM
Senior Member
  
Join Date: Aug 2005
Location: St. Odo of Cluny Parish
Posts: 29,043
A Realtor steering buyers to a particular lender is a clear violation of RESPA.

No it isn't!



This Realtor, however is steering buyers AWAY from a lender, indirectly at that.

And how do you know that anyone involved here is a Realtor (r)?
__________________
There are two rules for success:

(1) Never tell everything you know.
  #7  
Old 03-26-2008, 04:24 PM
Senior Member
  
Join Date: Aug 2005
Location: St. Odo of Cluny Parish
Posts: 29,043
Quote:
Originally Posted by Clt747 View Post
Just because it's fun to learn something new every day:

Irregardless isn't a word. The word is "regardless."
Anyways, hopefully the grammar will be gifted to us.
__________________
There are two rules for success:

(1) Never tell everything you know.
  #8  
Old 03-26-2008, 04:45 PM
Member
  
Join Date: Dec 2006
Posts: 302
oooooooo, can I play?

If I recall correctly:
all real estate agents and real estate brokers are not Realtors.

All Realtors are real estate agents or Brokers.

and...I do not know the html code for the copyright symbol that shold be posted right after and next the word 'Realtor'.

Can we shoot the first one who uses 'Realator'.
  #9  
Old 03-26-2008, 04:46 PM
Senior Member
  
Join Date: Aug 2005
Location: St. Odo of Cluny Parish
Posts: 29,043
Quote:
Originally Posted by rowz View Post
oooooooo, can I play?

If I recall correctly:
all real estate agents and real estate brokers are not Realtors.

All Realtors are real estate agents or Brokers.

and...I do not know the html code for the copyright symbol that shold be posted right after and next the word 'Realtor'.

Can we shoot the first one who uses 'Realator'.
Realtor®

It is not COPYRIGHTED...it is TRADEMARKED!

Don't give divgradcurl a heart attack.
__________________
There are two rules for success:

(1) Never tell everything you know.
  #10  
Old 03-26-2008, 06:14 PM
Member
  
Join Date: Mar 2008
Posts: 78
Quote:
Originally Posted by seniorjudge View Post
And how do you know that anyone involved here is a Realtor (r)?
The OP said he was... besides, how does the law differentiate between a REALTOR(r) and a real estate licensee who isn't a REALTOR(r)?
  #11  
Old 03-26-2008, 06:23 PM
Senior Member
  
Join Date: Aug 2005
Location: St. Odo of Cluny Parish
Posts: 29,043
Quote:
Originally Posted by jpathfynder View Post
The OP said he was... besides, how does the law differentiate between a REALTOR(r) and a real estate licensee who isn't a REALTOR(r)?
[url]http://www.realtor.org/[/url]
__________________
There are two rules for success:

(1) Never tell everything you know.
  #12  
Old 03-26-2008, 06:29 PM
Member
  
Join Date: Mar 2008
Posts: 78
Quote:
Originally Posted by seniorjudge View Post
[url]http://www.realtor.org/[/url]
Thanks for the link... the point is that it doesn't matter if he's a REALTOR or NOT. Joining a trade organization doesn't change anything. A real estate licensee is a real estate licensee under the law.
  #13  
Old 03-26-2008, 09:41 PM
Member
  
Join Date: Dec 2006
Posts: 302
of course SJ is correct and thanks for the clarification.

I pay me dues to them but forgot the difference. [I still needed the 'R' in a circle]
Reply

« Previous Thread | Next Thread »


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes Rate This Thread
Linear Mode Linear Mode
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is Off
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Forum Jump

All times are GMT -5. The time now is 05:17 PM.

Contact Us - FreeAdvice - Archive - Privacy Statement - Top

IMPORTANT NOTICE
THE VIEWS EXPRESSED ON THIS PAGE WERE NOT REVIEWED BY THE EDITORIAL STAFF OR ATTORNEYS AT FREEADVICE.COM. Thousands of professionally prepared and reviewed questions and answers in 130 legal categories are to be found at the Question and Answer pages at FreeAdvice.com.
FreeAdvice Forums are intended to enable consumers to benefit from the experience of other consumers who have faced similar legal issues. FreeAdvice does NOT vouch for or warrant the accuracy, completeness or usefulness of any posting or the qualifications of any person responding. Use of the Forums is subject to our Terms and Conditions which prohibit advertisements, solicitations or other commercial messages, or false, defamatory, abusive, vulgar, or harassing messages, and subject violators to a fee for each improper posting. All postings reflect the views of the author but become the property of FreeAdvice. Information on FreeAdvice or a Forum should not be relied upon and is not a substitute for advice from an attorney licensed in your jurisdiction who you have retained to represent you. To locate an attorney visit AttorneyPages.com. Copyright since 1995 by Advice Company. All Rights Reserved.