
There is a new scam in real estate that can only be accomplished by an agent, most often a realtor because most real estate agents are realtors, but there are likely some independent brokers caught up in this as well. The realtor must shirk their fiduciary responsibility to their client and knowingly tell lies to that client, usually a lender but sometimes a short-seller, to get them to sell property for less than it's really worth in the market in order to get some form of kick-back from the buyer. The following article details how this is done. Real-estate scam that’s devastating prices Lew Sichelman -- June 10, 2011 WASHINGTON (MarketWatch) — Question: My neighbor in Palm Springs, Calif., who…[READ MORE]