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Ambassador
3,134,192
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I wish you all the best with your real estate studies.  

Oct 31, 2018 05:51 PM
Rainmaker
4,230,489
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Trouble may ensue

Oct 31, 2018 05:53 PM
Rainmaker
2,032,908
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

If you are lucky you avoid jail time.

Oct 31, 2018 06:22 PM
Rainmaker
643,240
The Villages Realty
The Villages Realty - San Jose, CA
"Our Performance Will Move You!"

One could be held liable for breach of fiduciaary duties.

Oct 31, 2018 05:35 PM
Rainmaker
4,265,208
Richard Weeks
Dallas, TX
REALTOR®, Broker

Anything from loss of license to a reprimand.

Nov 01, 2018 03:36 AM
Rainmaker
1,231,605
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

You will sleep here . . . Jail

Nov 01, 2018 03:02 AM
Ambassador
4,462,774
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

I'd think your instructor would be telling you what fiduciary duties are and to follow them to the letter of the law if you want to keep your license.

Oct 31, 2018 07:05 PM
Rainmaker
559,473
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

You don't want to go there.  Bad things happen to people who do not do the right thing for their clients and profession.  It is breaking the law ... what happens to people who break the law?  ....... thinking ...... there's your answer.

Oct 31, 2018 06:44 PM
Rainmaker
2,072,535
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

You go to prison.

Oct 31, 2018 06:12 PM
Rainmaker
4,467,494
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Your license is toast!

Nov 01, 2018 04:59 AM
Ambassador
5,657,981
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Bad things.

Nov 01, 2018 12:48 AM
Rainmaker
1,546,791
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

See the chapter'' fees, fines and other consequences''.

Oct 31, 2018 11:28 PM
Rainmaker
2,065,864
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL

Joshua, how have you been? School? When is the TEST?

Oct 31, 2018 08:57 PM
Rainmaker
1,597,930
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

Yes, I wonder too. 

Oct 31, 2018 08:04 PM
Ambassador
4,704,672
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Better to understand what these duties are and the importance of following them.

Oct 31, 2018 07:32 PM
Rainmaker
702,757
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

You shower with Bubba now.. so don't drop the soap. 

Nov 01, 2018 06:23 AM
Rainmaker
4,388,379
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

You lose a client; you get sued; you pay a fine; you might go to real estate jail; you might lose your license. Is this not in your text books?

Nov 01, 2018 05:17 AM
Ambassador
2,600,553
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 You face a civil suit from your client.

 You face disciplinary action from your State's Real Estate Commission.

 Your client might file a grievance or ethics complaint against you via your Board or Association.

Oct 31, 2018 07:20 PM
Rainmaker
1,708,235
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

The Hound of the Baskervilles visits you.

Oct 31, 2018 07:03 PM
Rainmaker
2,677,841
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Everything you worked for so far falls apart for you and your clients and chaos reigns. Losses, lawsuits, license censure and many a sleepless night

Oct 31, 2018 06:07 PM
Rainmaker
3,373,857
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

You go to jail, do not pass go  but in reality you have violated your duty to your client. Despite what the state may do, you will lose clients and soon seek a new job outside of real estate

Nov 01, 2018 05:05 AM
Rainmaker
2,048,635
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

unhappy clients

Nov 01, 2018 04:12 AM
Rainmaker
808,903
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Best answer: The Villages Realty 

Oct 31, 2018 09:37 PM
Rainmaker
683,205
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

Far too often, nothing.  I know of an agent that was very unethical and was on the ethics committee.  We have our hands tied trying to police ourselves as it is too time consuming and doesn't get the support warranted.

Nov 01, 2018 01:00 PM
Rainmaker
1,175,706
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

 Point at exit door to your office, DRE.....

Nov 01, 2018 07:41 AM
Rainmaker
5,766,298
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Call your attorney, you are about to go to jail.  A

Nov 01, 2018 07:28 AM
Ambassador
3,986,960
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

It could be a COE violation or Broker Law violation. If it is really bad their is always a chance of a civil lawsuit.

Nov 01, 2018 06:52 AM
Rainmaker
612,606
Eve Alexander
Buyers Broker of Florida - Tampa, FL
Exclusively Representing ONLY Tampa Home Buyers

Not much. 

Most brokers do not clearly understand "fiduciary" and if an agent is turning a deal now and then, the broker will ignore everything they do wrong.

The state is too busy to deal with "he said-she said" which is evidenced by all the licensed agents that have no clue what a fiduciary duty is.  They are more worried about "liability" than actually doing their job.

The only time you might get into serious trouble is if you run off with the escrow money.

Eve

Nov 01, 2018 06:18 AM
Rainmaker
5,573,268
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

there are a few things that could happen.... loss of license; jail time; and whatever penalties they feel justified for breaking the law.

Nov 01, 2018 05:46 AM
Rainmaker
6,917,153
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This could be a very costly experience.

The lawyers will charge you thousands in addition to the damages you caused.

Oct 31, 2018 05:54 PM
Rainmaker
5,219,307
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Definite consequences.

Nov 04, 2018 07:09 AM
Rainmaker
988,626
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Do not pass Go. Go directly to jail. (In extreme case.)

Professional discipline, if a Realtor.

Possible loss of license.

Nov 03, 2018 05:34 PM
Rainmaker
3,986,000
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Study hard my friend!!!

Nov 02, 2018 07:42 PM
Rainmaker
1,419,820
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Bad things.  Lawsuits, articles written in the post, times and inman... and not the good kind.  Jail is always a possibilty and probably not the white collar kind either...

Nov 01, 2018 08:57 AM
Rainmaker
4,799,651
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

There is a breach.

Nov 01, 2018 07:44 AM
Rainmaker
4,433,809
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I

Nov 01, 2018 03:12 AM