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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Re-Blogged 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
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

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Show All Comments
Rainmaker
145,576
Kate Wheeler
Country Homes and Land Murphy NC Realtor - Murphy, NC
CCIM - Murphy NC Real Estate for Sale

SarahGray,

Is Jon serious?  He's calling obeying the law "manifesting righteousness?"  You know, I thought NC posting on Twitter was unnecessary and made us look bad - now I'm thinking maybe FLORIDA needs to put the word out to their agents...  

May 04, 2010 10:47 AM #58
Rainer
20,027
Laurie Gibson
Windermere Access Realty - Caldwell, ID
SFR, Canyon County Real Estate

Sarah,

I'm like you, I can't believe someone would even think of it let alone participate in fraud.  I shake my head thinking about the cost to our industry.

And Jon #56 , one minute later it is fraud, where's the grey area?

May 04, 2010 10:48 AM #59
Rainmaker
338,452
Shanna Hall
Real Estate Solutions - Kirkwood, MO
I love selling houses!!!St. Louis, MO 314-703-1311

looks like some poeple value thier commissiona little more than their freedom and the ability to earn living in real estate.  I know that I don't need a commission that bad that I would commit or help commit fraud.  I her federal pen's are not as fun as living free... Tax evasion...

May 04, 2010 11:18 AM #60
Rainmaker
14,618
Noelle Blazevich
John L. Scott - North Bend, WA

Bravo.  Integrity is everything in this business.

May 04, 2010 12:22 PM #61
Rainmaker
121,979
Jenna Dixon
DRA Homes (Atlanta, GA) - Marietta, GA
Associate Broker, NW Metro Atlanta

This market has generated more deceit, fraud (mortgage & tax), unauthorized practice of law, etc. than I would have ever imagined.  There is no level too low for some people. 

May 04, 2010 01:01 PM #62
Rainmaker
693,449
Gene Mundt
www.genemundt.com - 708.921.6331 - New Lenox, IL
Chicagoland Mortgage Lender - 37 yrs experience

SarahGray:  Am I surprised that this is happening?  I wish I could say I was.  The fact that the commission is posting this message on Facebook and Twitter and God-knows where else it will be seen is so disheartening, frustrating, sickening, and maddening.  There are obviously so very many good, decent, hard-working, and honest agents, lenders, and other real estate industry professionals.  That fact seems to get lost when issues of this nature reveal themselves ... and we all end-up losing to some degree, whether guilty or not.  It makes it harder to gain the trust of our clients, other professionals, the public as a whole.  It's the rotten apple that gets all the press ... not the million good ones.  Our reputations and our self-respect is all we have at the end of the day.  Actions like the one you mention make it so much harder to earn half of that ... our reputations ... out in the world.  I've worked too hard (as I'm sure you and others have) to have someone destroy the integrity of our professions.  I join you in your fury ...

Gene  

May 04, 2010 01:30 PM #63
Rainmaker
188,061
Jeanna Martinez
RE/MAX Access - Schertz, TX

SarahGrey - I am not shocked to hear that this might be going on but I still can't believe that there of people out there who would consider risking it.  I like to sleep at night and I definitely don't like the idea of being pulled into any sort of hearing!! Nice post!  Hopefully the bad apples will be caught!!

May 04, 2010 01:34 PM #64
Rainmaker
511,897
Patricia Aulson
BERKSHIRE HATHAWAY HOME SERVICES Verani Realty NH Real Estate - Exeter, NH
Realtor - Portsmouth NH Homes-Hampton NH Homes

OMG....what a story!  I've never heard of anything like this before. guess there' a first time for everything.

Patricia

May 04, 2010 01:41 PM #65
Rainer
31,146
Jesus Sotelo Carrillo
Capitol Real Estate Group - Visalia, CA

Amazing. Agents should know better.

May 04, 2010 01:46 PM #66
Rainer
62,978
Nicole Donaghy
ERA Wilder Realty, Lexington SC - Lexington, SC

I wondered if that type of thing would be going on after the official deadline.  I see that some do not have the morals to uphold any type of code of ethics.

May 04, 2010 01:58 PM #67
Rainmaker
171,708
Bill Swanson
CBSHOME Real Estate - Omaha, NE

I can believe it. I've dealt with some pretty unethical agents over the years. wouldn't this be flat out tax fraud?

May 04, 2010 05:16 PM #68
Rainer
115,539
Kyle Jan
Scottsdale, AZ
Phoenix AZ Homes for Sale

I am surprised that you are surprised.  There is an entire segment of the real estate community that spends entirely too much time trying to beat the system and rationalize their behavior.  It is a crime and should be treated as one.  To suggest that it is acceptable is ridiculous. To say it is for the customer is BS, it is so you can get the deal done and look like a hero. 

May 04, 2010 05:45 PM #69
Rainmaker
541,132
Eric Michael
Remerica Integrity, Realtors®, Northville, MI - Livonia, MI
Metro Detroit Real Estate Professional 734.564.1519

We all know the difference between right and wrong. I've actually heard agents say that they'll post date PA's because "my clients hired me to get them the best deal I can." What a bunch of crap. Maybe their clients should've found a house before the deadline. I mean, did they just spring the end of the tax credit on us? Be professional people. It's what's right.

May 04, 2010 06:03 PM #70
Anonymous
Anonymous
Dunes
May 04, 2010 11:03 PM #71
Rainmaker
160,565
SarahGray Lamm
Allen Tate Realtors Chapel Hill, NC 919-819-8199 - Chapel Hill, NC
Realtor - 100K Hours of NC Real Estate Experience

Thanks for the link, Dunes! Those of us who helped buyers make purchases which qualify will be prepared to help establish proof of having legally met the deadline should any questions arise.

May 05, 2010 08:17 AM #72
Rainmaker
351,538
Damon Gettier
Damon Gettier & Associates, REALTORS- Roanoke Va Short Sale Expert - Roanoke, VA
Broker/Owner ABRM, GRI, CDPE

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

May 05, 2010 11:44 AM #73
Rainmaker
56,563
Nelson Carrillo
McMillin Realty - Phone: (619) 940-6560 - Bonita, CA
South San Diego, CA Homes For Sale

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 #74
Rainmaker
218,818
Tom Bailey
Crystal Coast Realty & Home Services, LLC - Atlantic Beach, NC

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 #75
Rainmaker
259,743
Bill Travis
Captain Bill Realty, LLC - Gilbert, AZ
Broker/Owner

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

May 09, 2010 09:34 PM #76
Rainmaker
437,367
JL Boney, III
Russell and Jeffcoat - Columbia, SC
Columbia, SC Real Estate

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 #77
Show All Comments
Rainmaker
160,565

SarahGray Lamm

Realtor - 100K Hours of NC Real Estate Experience
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