Monday, August 4, 2008

Dead Broker Learnin'

Another great story coming straight for the enforcement files (crypts) at the Texas Real Estate Commission. This could be a movie.

“Night of the Living Broker”
“Dawn of the Broker”


It seems that a person that needed a sponsoring broker was not going to let a little thing like the death of the broker get in the way of their real estate business. This salesperson started working on their own broker’s license but needed some time to meet the Broker requirements. In this case most folks would go and find a new broker. But, not this salesperson. Why not keep renewing their DEAD sponsoring broker’s license? This salesperson even went as far as taking MCE classes for the DEAD broker. This puts a whole new spin on those who say they were bored to death during their last MCE class.

How did this agent get caught? Simple! Someone contacted TREC and I’ll paraphrase here. Did you hear about So & So dying?

Well looking at the TREC record it seems that old So & So had been renewing their license from “The Other Side” for about 2 years.

To make a long story short the salesperson had by this time received their broker’s license. However, that was not going to last that long. Broker’s license REVOKED plus an $8,000 fine. There was no reference on any disciplinary action against the Dead Broker for allowing someone else to take their MCE. :)
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It just goes to show you. No matter how clever you think you are, breaking the rules is going to catch up with you. Maybe, even from that great Real Estate office in the sky.