This is amazing.
In an article written by D.L. Bennett for The Atlanta Journal-Constitution, real estate agents who list properties that are run-down or not maintained are being fined. In one reported case an agent was reportedly fined $3,311.
Those agents who list bank owned/foreclosed properties feel they are being unduly punished simply because it is easier for code enforcement to fine them, than to locate and fine the lenders who are often out of state.
City official quote a code that allows them to “cite anyone from the owner to someone who has the ability to control or maintain the property”.
What is next? Will listing agents be obligated to make up mortgage payments not paid? Pay the city back taxes on property the agent is trying to market? I certainly hope NAR has taken notice of this and will offer assistance to the Atlanta Board of Realtors in fighting this silliness.
Related Florida real estate views:
Is customer service improving as the market weakens?
Seller home disclosures may need updated
Realtors should not write home loans
- Greg Staker, Watson Realty Corp., 407-304-0255
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