Realtor association refuses to reprimand unethical member

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

DEAR BOB: We had a horrible experience with our listing agent. She lied to us about the status of our home sale after we thought we had a solid sale. Long story short, our buyer was not pre-approved by an actual lender (he had only a worthless pre-qualification by a mortgage broker), as our listing agent misrepresented to us. This went on and on for four months before we realized our agent was lying to us and the buyer couldn't financially buy our home. After the listing expired, we sold our home to a friend and saved the sales commission. But I was so upset, I filed a written complaint with the local Realtor association. Two months later, all I received was a rude letter from the association director saying the Realtor had been warned to be more cautious in the future. Why didn't they kick the guy out? – Claudia I. DEAR CLAUDIA: Realtor associations rarely discipline their members by kicking them out of membership. The reason is the associations don't want to get sued by their ...