What is bogus estate agents?

Who is a bogus agent? Bogus means “not genuine or true (used in a disapproving manner when deception has been attempted).” So, bogus agent can just mean “fake agent”.

Why do estate agents have a bad reputation?

Estate agents should be professional salespeople who serve a valuable and useful function to the public. They work long hours in an extremely fast-paced, stress-filled and pressured environment, and even when they do an excellent job, they tend to have more disappointed customers than most industries.

What are real estate agents liable for?

Real estate agents owe contractual and fiduciary duties to their clients. If agents breach their duties, through negligence or other breach, they can be liable for damages. In certain circumstances, real estate agents can also be liable to the opposing party in a real estate transaction.

How do I know if a real estate agent is legit?

You can verify whether a real estate broker or salesperson is licensed or has been subject to any disciplinary action by visiting California DRE’s Public License Information webpage or by calling the California DRE’s Public Information Line at (877) 373-4542.

How do I know if a property agency is legit?

The best way to identify whether your agent or negotiator is who they claim to be, is to scan the QR code provided on their ID tag. The QR code will open up a link to their REN/REA profile, with all the necessary information, plus their photograph too.

Why do we hate estate agents?

Lack of transparency about potential buyers’ or tenants’ feedback – they say what you want to hear rather than the truth. Promises about people on their database that want a property exactly like the one you want to sell or rent out, only for these people never to materialise.

Do estate agents undervalue properties?

As mentioned, some disreputable estate agents might purposefully undervalue your home so they can boast about a quick sale. If you get a few valuations, their low price will stick out for all the wrong reasons. It’s also useful to get a local estate agent to value your property.

What happens when a real estate agent lies?

If you’re worried your realtor has been lying to you, switch to a Clever Partner Agent. They can help you buy a home, and you may qualify for Clever Cash Back, depending on the state you’re in and the value of your home. That’s money in your pocket after your sale is final.

Can you sue estate agents?

What are examples of claims against estate agents? If you’ve suffered a financial loss as a direct result of your estate agent’s negligence, you may be able to bring a professional negligence claim against them to recover your losses and win additional compensation for any stress caused.