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wynnduffyisking t1_isce3gq wrote

Reply to comment by Yanlex in Real Estate Agents Caught on Camera Facilitating Mortgage Fraud for a Fee by Puzzleheaded-Bug7189

Is that legal? Sounds like a massive conflict of interest to represent both buyer and seller. In my country the realtor would be slammed with a big fine.

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silashoulder t1_iscflkl wrote

> The key thing to consider with a conflict of interest is disclosure. If disclosed beforehand, and the person is given the approval to continue, then the conflict of interest is not a problem – and consequently legal. However, if the conflict of interest activity was disapproved and the individual continued despite this, or never it disclosed in the first place, it could be considered illegal.

If the judge interprets the distribution of that contract, unsigned, with those terms printed in legible terms as ‘disclosure’…🤷‍♀️🤷‍♀️🤷‍♀️

The other thing to consider is what this gentleman did: https://medium.datadriveninvestor.com/russian-man-tricks-bank-into-signing-ridiculous-credit-card-agreement-e4329f7ef4cf

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wynnduffyisking t1_iscga5s wrote

That’s interesting. We don’t follow the same logic. In our rules the realtor is there to only represent the interests of the client and the agent representing the other party means that the agent has interests counter to the client which is a no no disclosed or not.

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