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What should you do if a real estate saleperson doesnt pay you for the money they owe from an investment ?


What should you do if a real estate saleperson doesnt pay you for the money they owe from an investment ?

Legal action, hard and fast, sieze assest, slay the first born, burn the village and crops, rape wife and daughters, enslave children.

call their broker and ask about the process for filing a complaint with the NAR.

(National Association of Realtors)

Well it depends on the type of contractual breach your talking about - assuming you had a contract - right???

OK first report this as a theft to your local police department if you have document-able proof of funds being owed.
Next after you have a copy of that police report you need to contact any professional associations this sales person may belong. Letting his peer's know he's a crook will get his/her attention.
Then you need to contact your state's atty general and file a complaint. Also the local better business bureau to file theft complaints.
Any one that has the ability to put a bite into their *** is who you go to next - even consider the local news media - ya know the action"5" news team with "Carl Monday" thing.

OK the police will go after him if it is a real theft situation and from there you can just wait for his call to come in

You must let their broker know what has happened. You also need to let the broker know that you will report this action to the DRE (department of real estate). The broker is responsible for the actions of their salesperson and their brokers license and reputation could be at stake.
The way this question is worded is a little confusing as exactly how this investment transpired.
You should address this with a real estate attorney because a Realtor can not give legal advice. Giving legal advice is against the DRE.

First of all was there a profit from the investment and can you prove there was one?

Next did you have a contract of how much of an investment you made and what your return on the investment would or should be?

Now if you can prove these things and depending on the amount of the investment will determine what court to take legal action in. Check your state and see if you can sue in small claims court of if you have to go to superior court. Small claims have a maximum that you can sue for. If you exceed that amount you must then go to superior court.

In small claims you may represent yourself. If you have to go to superior court then you might have to use the services of an attorney.

Filling complaints with the trade organizations will not get your money back. It might cause them to lose their license or get placed on some type of disciplinary action.

I hope this has been of some use to you, good luck.

"FIGHT ON"

Assuming the investment has to do with real estate:

First step is to contact an attorney for advice.

Second step is likely to contact their broker, and explain the situation.

If this doesn't result in a satisfactory resolution within about a week, you might contact your state's Department of Real Estate with a written complaint. It'll take them a while, though.

Your attorney might also advise you to consider a civil suit, and you may be able to swear out a criminal complaint against them.

If it doesn't have anything to do with their real estate license, your attorney is likely to advise you to treat them just like everyone else.

It depends, do you have a LEGAL contract. For example say you are not licensed to sell real estate yet you helped a Realtor find a buyer with the understanding you would get a fee. That is probably not a "legal" contract because you are not licensed to sell real estate.

If it is a "legal" contract then take him to court.

Sue them

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