By Mark BermanThe real estate industry is the world’s biggest funder of politics.
As with any big-money industry, the financial world of real estate has been a hotbed of speculation and influence.
For the past few years, realtoring has seen its share of scandals and controversies, as the real estate sector has become a vehicle for the very interests it is supposed to protect.
And the fallout from those scandals has been enormous.
In 2014, the realtorship of Nashville, Tennessee, was shut down after it was found that the realtor, Richard J. Dorsett Jr., was in the midst of a massive fraud scheme involving thousands of homes.
In 2019, a Nashville realtor was caught on tape admitting to forging records, and another realtor resigned after the city investigated and arrested him for his role in the scheme.
And in 2020, a former Nashville real estate agent, Ryan Smith, pleaded guilty to mail fraud charges, and was sentenced to six years in prison.
Now, the Nashville region is on the verge of another scandal.
The real estate business is notoriously opaque, and there are many ways for people to make money off the sale of a home.
Some people make money by selling the home they are trying to buy.
Some buyers go to the broker to ask for a lower price and get a better deal.
Some use a broker to sell the home and take a commission.
And some brokers, including one from the realty industry, use real estate agents to sell their properties.
In recent years, a lot of the money going into the real property industry has been funneled through the brokerage industry, which is a relatively new phenomenon.
And one of the things that realtormen do is take commissions from real estate brokers to make sure that they have their clients paying their fair share.
And because the realtionship of Nashville is so secretive, realtor agents have a vested interest in keeping things as far from public view as possible.
And that is why they have been doing everything they can to keep it that way.
For years, the brokerage and realtor industries have been inextricably linked, and it is not hard to understand why.
A lot of brokers are former or current employees of realtional organizations that are supposed to be impartial, fair, and ethical.
The industry has come to rely on those relationships to keep the industry’s operations on the good side of the law.
The broker and realtorial industry, in turn, has depended on the knowledge that the agencies they are hired to represent are the ones who are actually being impartial and fair, while also protecting the interests of their clients.
For some, that is a comforting thought.
The problem with that, however, is that it doesn’t work all that well.
The people in those roles often have a lot to hide.
And when it comes to making money off real estate, the brokers and realts have no incentive to tell their clients what they are getting for their money.
So when it is revealed that the agents are engaged in illegal practices, it can lead to lawsuits.
And sometimes it leads to civil lawsuits.
In one of those cases, the attorney for a former agent, John McQuay, filed a lawsuit against the Nashville office of the realtracking agency, Fidelity Realty Group, accusing it of defrauding its clients.
“The defendants have repeatedly engaged in practices designed to defraud its clients, including falsely and falsely portraying their real estate investment services as fair, impartial, and efficient,” McQuays complaint states.
“By deceiving the clients and misrepresenting the terms and conditions of the services, the defendants have misled and deceived Fidelity and its clients.”
The lawsuit is one of a handful filed by the public interest group Real Estate Settlement Transparency, and has attracted the attention of lawmakers from both sides of the aisle.
Rep. Diane Black, a Tennessee Democrat, has been pushing legislation to crack down on the real-estate industry’s practices.
The law would require brokerages and realty agencies to disclose to prospective buyers that they are using third-party brokers, which are often not licensed or regulated in the state.
But because of the opacity of the industry, those disclosure requirements have not been widely adopted by the realts.
As a result, many brokers and agents are using their own personal information to make their deals, even if they are not licensed.
And it is this information that has come under fire in recent months.
After a lawsuit was filed in 2018 by a former realtor who had a relationship with an agent who was not licensed, a federal judge dismissed the complaint and ordered the agent to pay her back $250,000.
The lawsuit also led to a $500,000 settlement between two agents, one of whom was paid more than $250 a day by the same agent who failed to disclose the relationships.
But those lawsuits don’t appear to have changed much for the realters