Posted by Ed Moore on April 12, 2004 at 20:20:40:
Trying to undercut you when you have fought for this realtor is just plain bad business. I would wait for the deal to close, then tell her you won’t be referring any business to her for what she has done after you had fought for her. Either she will become contrite and perhaps offer you some new business or she will lose your future referrals and it will serve her right. especially if you’ve got a lot of clients.
Ethic’s in real estate deal - Posted by Jeremiah
Posted by Jeremiah on April 12, 2004 at 13:52:55:
I’m a mortgage broker, been working on a loan for some friends of mind, sent over a pre-qual letter to their realtor and then the realtor turned around and sent it to her in-house mortgage person(maybe for a kick-back)and this in-house mortgage broker called my friends to try and get them to go along with him, but they didn’t. I felt this was very unethical of this realtor to do something like this, when all along I have been telling my friends to stay with one realtor(her). My friends didn’t feel to comfortable with her doing that either, I have now recommended they find another realtor that would handle things in a more of a professional manner. If this realtor is willing to go to any step to burn me, that doesn’t set in to well in what she might to do to my friends. Any suggestions on how to handle this in a professional way? Thanks!
Re: Ethic’s in real estate deal - Posted by Denis
Posted by Denis on April 13, 2004 at 19:27:29:
If they used the Pre-Qual to pull a bureau without your friends’ consent they have broken the law. At the very least, I would file with your local RE Board.
Re: Ethic’s in real estate deal - Posted by Ed Garcia
Posted by Ed Garcia on April 13, 2004 at 01:49:27:
Jeremiah,
What has happened to you is called steering, and yes it?s against the law.
Steering is the Illegal practice of channeling prospective homeowners to a curtain area, or lending institution.
Ed Garcia