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Updated about 11 years ago on . Most recent reply

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Eric Mulhern
  • Investor
  • Satellite Beach, FL
0
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6
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Division of real estate complaint

Eric Mulhern
  • Investor
  • Satellite Beach, FL
Posted

I have a legal question. Recently i had a jealous real estate agent start trouble with me. Im a wholesaler in florida and was doing a wholesale deal on a hud home. I had the house under contract with hud, and i was advertising it for sale on craigslist. well this real estate agent made a big stink about it and made a complaint on me. She was saying i was advertising on craigslist as the owner and im not licensed to sell real estate. I told her i had it under contract and will be doing a double closing. My contract states i have subject property under contract with owner of record and i intend to sell it immediately after closing with owner of record.Well now i just got a letter from Division of real estate and regulations saying i have 3 options (election of rights).  Just curious if anybody has any good advice as to what i should do. 

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Greg H.
  • Broker/Flipper
  • Austin, TX
4,252
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Greg H.
  • Broker/Flipper
  • Austin, TX
ModeratorReplied

@Account Closed 

What do you think the agent did wrong Joe ?

No offense Eric, but at the very least you put your agent in a position to lose his NAID number and not be able to sell HUD homes

As far as the wholesaling issue I don't really have an opinion one way or another but HUD does not allow the marketing of their properties prior to closing. I would take the letter seriously and not ignore it.

  • Greg H.
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