Featured News 2013 Lawsuit: For Sale Home Used for Agents’ Personal Uses

Lawsuit: For Sale Home Used for Agents’ Personal Uses

A recent lawsuit claims that several real estate agents targeted a for sale home as a place to go when they wanted to have romantic rendezvous. The home, which was for sale, was often invaded by real estate agents with the keys. The New Jersey Real Estate Commission is currently investigating the allegations that were brought by a couple that lives in Wayne, New Jersey.

The couple claims that they hired a real state agent to help sell their vacant home. They had already moved to a new destination and were working to get the home sold so that they could benefit from the profits. They later discovered that the real estate agent that they had hired was abusing his key privileges and using the home whenever he desired. He would invite a female colleague to the home on a regular basis.

The Department of Banking and Insurance claims that the New Jersey Real Estate Commission will determine whether the real estate agents violated regulations and whether or not they should have their licenses revoked. The newspaper reports show that the woman involved in the allegations was fired.

The couple that owns the property filed their lawsuit against the agents when their alleged antics were captured on the security cameras that were installed in the home. Allegedly, the real estate agent was also deceptive in his sales practices. In order to keep the home for his own personal use, the real estate agent allegedly listed the property far above the market value to deter others from visiting. He also duplicated his key to the home so that his partner could also visit when she desired.

This is a prime example of a real estate agent abusing a client's trust. In situations of this nature, the client almost always has the ability to file a lawsuit. Real estate agents are supposed to help to a particular code of conduct which is typically governed by state laws. Real estate agents are supposed to be trustworthy and reliable. This means that they are required to only enter the home that they are selling for real estate purposes and to be careful when in the home to avoid damages.

Real estate agents are also required to list a home for an accurate price that reflects the value that the assessor has ascertained and the current housing market. Real estate agents who purposefully mark up a home in order to deter buyers, or who lower a home to an undervalued price so that they can sell the home promptly can be sued.

As well, real estate attorneys need to be completely honest about the use of the property when selling the home. For example, real estate attorneys are required to disclose any information about the past activities that have taken place in the home. If someone was murdered in the home, or if an individual used to use the home as a drug lab, these are things that need to be disclosed.

If you are currently dealing with a dishonest real estate agent or a real estate agent that has been using your home for a purpose other than selling, then you may want to file your own lawsuit. This headlining lawsuit in New Jersey may be the frontier for more lawsuits of this nature. Don't hesitate to contact an attorney at the firm today to learn more! With the right real estate lawyer on your side, you may be able to litigate against the real estate agent at fault with accuracy and effectiveness.

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