Modern Tools

Is it possible for a real estate agent to commit fraud?

Is it possible for a real estate agent to commit fraud?

For real estate agents or brokers, today’s real estate outlook is improving, but there is still the opportunity to unintentionally commit fraud while closing a real estate deal due to complicated laws that often side with buyers. Some potential real estate or broker fraud cases that could result in charges include:

Can a real estate agent make a false statement?

Real estate agents and brokers can make false statements, hide known defects or try to inflate the price of properties. Even renters can be victimized by fraud. A prospective landlord can fail to disclose defects about a rental property. A prospective tenant can make false representation to qualify to rent a property.

Who is an attorney for real estate fraud in Florida?

If you do face charges, a Florida real estate fraud attorney can help you defend yourself against fraud claims. Call Ricardo Rodriguez at Rodriguez Law at (305) 262-8226. Rodriguez Law, P.L. is dedicated to providing quality personal legal services to our clients.

How does an appraisal fraud work in real estate?

In appraisal fraud, the real estate agent or broker, possibly the loan broker, and the appraiser, work together to deliberately inflate the value of the purchase price. They do this in order to increase their own commissions.

For real estate agents or brokers, today’s real estate outlook is improving, but there is still the opportunity to unintentionally commit fraud while closing a real estate deal due to complicated laws that often side with buyers. Some potential real estate or broker fraud cases that could result in charges include:

When is next court hearing for estate agent fraud?

One offence under the Fraud Act 2006 in relation to abuse of the position to employment as an estate agent. All three defendants were released on conditional bail. The next court hearing will be on the 26 November.

Who is the best attorney for real estate fraud?

Preventing real estate fraud is vital in today’s new housing climate, but having an experienced attorney as part of the sales process can prevent a costly mistake. If you do face charges, a Florida real estate fraud attorney can help you defend yourself against fraud claims. Call Ricardo Rodriguez at Rodriguez Law at (305) 262-8226.

When did real estate fraud become a hot button issue?

When the housing market crashed in 2008, real estate fraud became a hot button issue with many assigning blame for the economic crash on fragile mortgage deals that forced the housing bubble to burst.