Don't Even THINK About Asking Me To Participate In Your Fraud

By
Real Estate Agent with Allen Tate Realtors Chapel Hill, NC 919-819-8199

My email this morning contained a truly disheartening message...the Executive Director of my local Board of Realtors has found it necessary to convey the following:

It has come to the Association's attention that sellers are being asked to sign post-dated contracts to April 30 so buyers can take advantage of the Homebuyer Tax Credit.

This is an illegal practice and constitutes fraud.

The North Carolina Real Estate Commission will be posting information about this issue through Facebook and Twitter later today.

I am appalled. This would never have occurred to me...never. I am not naive and have been practicing North Carolina real estate for over 30 years. Which part of “our reputation and integrity is everything” are some folks missing here?

Police officer with man in handcuffs

Now, I am quite sure this is not just something a North Carolina agent cooked up and sadly, I am sure, now that I think about it, that there were plenty of folks across the country who probably counted on doing this all along. Shame on them.

I have spent the first 4 months of this year working as hard as I have ever worked to ensure that those buyers who wanted to take advantage of the Homebuyer Tax Credit got every opportunity to do so, up to and including referring them to another agent in order to get the job done for them. I'm tired. To find out that I have colleagues (and I use that term loosely) who would suggest or consider engaging in fraud in order to accomplish what I have accomplished, just makes me mad.

How humiliating that Facebook and Twitter will now be used by the NC Real Estate Commission to get the word out to “the world” that some real estate practitioners have no integrity and would even consider compromising their clients and jeopardize their transactions.

Once they have slammed the door of your jail cell don't call me for sympathy. I'm fresh out.

 

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SarahGray Lamm is a licensed, full time, residential real estate professional in the Triangle area of North Carolina with over 100,000 hours of experience. She specializes in serving the real estate needs of home sellers, home buyers and investors in Chapel Hill, Carrboro, Durham and Northern Chatham County and is proudly associated with Allen Tate Realtors, the Carolinas #1 independent realty company.

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Disclaimer: Comments and contributions via ActiveRain.com (or other electronic or print media) do not establish an agency relationship with any third party. Blog posts are intended to be informational only. Please be advised that real estate practices vary by region, from state to state and from market to market. The information contained herein does not constitute legal advice. All parties in need of legal, accounting, tax, or real estate guidance are directed to consult with the licensed professional of their choice. Please seek specific guidance from a retained professional in the specific field(s) required to service your interests.

 

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Re-Bloggged 5 times:

Re-Blogged By Re-Blogged At
  1. Donald Bradbury 05/03/2010 08:51 PM
  2. C. Lloyd McKenzie 05/03/2010 09:09 PM
  3. Mike Jaquish 05/03/2010 10:43 PM
  4. Richard & Janet OBrian 05/03/2010 10:47 PM
  5. Shanna Hall 05/04/2010 11:19 AM
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Topic:
ActiveRain Community
Location:
North Carolina
Groups:
BananaTude
Club Chaos
M.A.N.C.R.O.W
North Carolina Real Estate
"Whacked"!!!
Tags:
homebuyer tax credit
fraud

Comments 77 New Comment

Rainmaker
351,418
Damon Gettier
Broker/Owner ABRM, GRI, CDPE
Damon Gettier & Associates, REALTORS- Roanoke Va Short Sale Expert

SarahGray, there is a simple solution....lock them up.  No excuses acceptable.

May 05, 2010 11:44 AM
Rainmaker
51,780
Nelson Carrillo
South San Diego, CA Homes For Sale
McMillin Realty - Phone: (619) 940-6560

this is ridiculous.  why is are some agents willing to jeopardize their license that's enabling them to make money!?!?!  Not only that, what about their ethics, professionalism, and reputation!  Oh, yes... it's called ignorance/incompetence.

May 05, 2010 01:51 PM
Rainmaker
203,068
Tom Bailey
Crystal Coast Realty & Home Services, LLC

I am glad Dunes mentioned the IRS. I saw a lot of mention of various watchdogs, but the IRS will make all the state agencies seem like a walk in the park. As an Atlanta boy I have no desire to spend any time in Atlanta down at the end of Boulevard for TAX FRAUD.

May 06, 2010 03:21 PM
Rainmaker
258,618
Bill Travis
Broker/Owner
Captain Bill Realty, LLC

I hadn't thought of this happening, but now that it has happened, I'm not very surprised.

May 09, 2010 09:34 PM
Rainmaker
437,009
JL Boney, III
Columbia, SC Real Estate
Russell and Jeffcoat

I'm sure that there will unfortunately be quite a few people who get caught trying to cash in on this this bad idea.

May 13, 2010 09:41 PM
Rainmaker
159,708

SarahGray Lamm

Realtor - 100K Hours of NC Real Estate Experience
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"I have over 100,000 hours of real life NC real estate experience and I am not afraid to use it to help my buyers and sellers successfully achieve their goals!" Malcolm Gladwell’s book OUTLIERS, says "10,000 hours of practice is required to achieve the level of mastery associated with being a world-class expert – in anything." SarahGray Lamm exceeds that 10 times over!

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