Pre listing on Craigslist before MLS to get double commission

[Aaron Foster]

I found a property on Craigslist that was a short sale and wasn't on MLS yet. I contacted the listing person who happened to be an agent. He wanted to show the house and represent the buyer and seller. Judging his reviews on various websites and he has little experience (i could be wrong). When I informed him I'd use my own agent who I've known for the better part of 30 years... he took a lesser offer where he got double commission. He makes money and the bank loses money - this is the first time i've experienced it and figured I'd pass the story along.

[Jerry W.]

To me this is fraud on his seller and the agent needs to have his license revoked.  He has an absolute duty to the Seller to get the Seller the most money he can.  By going with an offer that gets the Seller less and the realtor more he has broken his fiduciary duty.  He needs reported to the Real estate licensing commission and to his broker.  An attorney would probably be disbarred for this, it the same as stealing from your client.