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Updated over 6 years ago,
Realtor Getting Fined?
We are taking a second mortgage out on our house to purchase another home. Backstory is we wanted to buy a new home and had to sell our current to make this happen. Put in a contingent offer on a home and got accepted, except we weren't able to get an offer in time on our house before our offer expired (didn't know there was a time limit). They did not want to take another contingent offer from us for fear it would not sell by their wanted closing date. We then figured out how to take out a second loan to put a down payment down. For this loan to work, we needed to take our home off the MLS. We did this and my agent texted me today to take the sign down from the front yard. Now we have been off the MLS for maybe a week and it was the first time she mentioned that it needed to be pulled. Figured it was her job anyway. But, I'm not that kind of guy and will do it when I get home, we are cool with our agent so no worries. However, she said that she got fined or could get fined (not sure which because she texts in a slight broken English) $1,000 for having the sign in while not on the MLS and if the bank drives by they could also deny our loan. My only question to this long drawn out story is what body is it that would fine her? The state? police? or her agency? It just sounded absurd to me that she could even be fined for putting her property in my yard. I mean, were both consenting parties. I've also heard that they can't have a sign in the yard at the time of photos being taken of the house? She meant her sign couldn't be in the photos. Anyone care to shine a light on this? Just curious.