{"id":1904,"date":"2008-01-23T16:15:45","date_gmt":"2008-01-23T23:15:45","guid":{"rendered":"http:\/\/www.carlsbadistan.com\/?p=1904"},"modified":"2008-01-23T16:16:34","modified_gmt":"2008-01-23T23:16:34","slug":"realtor-lawsuit-going-to-court-2","status":"publish","type":"post","link":"http:\/\/www.carlsbadistan.com\/?p=1904","title":{"rendered":"Realtor Lawsuit Going To Court"},"content":{"rendered":"

\"22Agent.600\"<\/a><\/p>\n

In 2005 when Marty Ummel<\/strong>, 60, and her husband bought their home in the Serenada<\/strong> neighborhood of Carlsbad they say their Realtor Mike Little<\/a><\/strong> of RE\/MAX Associates<\/strong> caused them to pay $150,000 more than they should have by not showing them comparable home prices in the area. The Ummels claim Little did this because he was more interested in his commission than the deal they got on their house. But the Ummel’s were not happy, according to story in the New York Times<\/a><\/em><\/strong>.<\/p>\n

What makes Ms. Ummel different is that she is suing her agent, saying it was all his fault. . . . Ms. Ummel claims that the agent hid the information that similar homes in the neighborhood were selling for less because he feared she would back out and he would lose his $30,000 commission.<\/p><\/blockquote>\n

Of course, Little says it’s not his fault:<\/p>\n

They simply didn’t do what is expected of a knowledgeable, sophisticated buyer, and are now looking for someone other than themselves to take responsibility,” Roger Holtsclaw, an agent who was hired by Mr. Little as an expert witness, said in a court deposition.<\/p><\/blockquote>\n

What this all comes down to is how responsible are Realtors for the transactions they make. If they’re not responsible, then what is their whole purpose? Obviously, Realtors who represent the buyer have always been incentivized in the wrong direction, but that’s probably not going to change anytime soon. What makes this even more interesting is the seller was also a Realtor.<\/p>\n

The case begins in North County Superior Court<\/strong> Monday, January 28, 2008. For all the details click the links to the following stories.<\/p>\n

[Link: <\/strong>New York Times<\/a><\/strong> and <\/strong>Voice of San Diego<\/a><\/strong>]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

In 2005 when Marty Ummel, 60, and her husband bought their home in the Serenada neighborhood of Carlsbad they say their Realtor Mike Little of RE\/MAX Associates caused them to pay $150,000 more than they should have by not showing them comparable home prices in the area. The Ummels claim Little did this because he […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[8,18],"tags":[],"_links":{"self":[{"href":"http:\/\/www.carlsbadistan.com\/index.php?rest_route=\/wp\/v2\/posts\/1904"}],"collection":[{"href":"http:\/\/www.carlsbadistan.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.carlsbadistan.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.carlsbadistan.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.carlsbadistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1904"}],"version-history":[{"count":0,"href":"http:\/\/www.carlsbadistan.com\/index.php?rest_route=\/wp\/v2\/posts\/1904\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.carlsbadistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.carlsbadistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1904"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.carlsbadistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}