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All Forum Posts by: Crystal Tynan

Crystal Tynan has started 2 posts and replied 13 times.

I wanted to share this article...

IR-2018-206, October 19, 2018

WASHINGTON —The Treasury Department and the Internal Revenue Service today issued proposed regulations and other published guidance for the new Opportunity Zone tax incentive.

Opportunity Zones, created by the 2017 Tax Cuts and Jobs Act, were designed to spur investment in distressed communities throughout the country through tax benefits. Under a nomination process completed in June, 8,761 communities in all 50 states, the District of Columbia and five U.S. territories were designated as qualified Opportunity Zones. Opportunity Zones retain their designation for 10 years. Investors may defer tax on almost any capital gain up to Dec. 31, 2026 by making an appropriate investment in a zone, making an election after December 21, 2017, and meeting other requirements.

LEARN MORE: https://www.irs.gov/newsroom/treasury-irs-issue-pr...

CLICK HERE TO SEE MAPS of Designated Qualified Opportunity Zones for California: https://cafinance.maps.arcgis.com/apps/webappviewer/index.html?id=d068b90cb97f4b429f3b180593036b7e

Hi there! I'm an investor and real estate agent, currently looking into purchasing a duplex in the Carmichael/Sac area. 

Post: Regulations for Napa

Crystal TynanPosted
  • Napa, CA
  • Posts 14
  • Votes 2

Hi all, as a real estate agent in Napa I wanted to comment on what I've seen from some of my clients. As a vacation destination, I have many clients that want a home for 31> days e.g. for the summer, for Christmas, etc. Many clients and buyers have been coming to Napa Valley every summer for years before finally deciding to buy, and they love the idea of renting a house or estate. I wouldn't say this market (31> days) is as hot as the 30< days vacation rental market, but there is interest. Also, this would be considered just a month-to-month rental, and wouldn't fall under vacation rental regulations. 

Post: Heavyweight Realtor commission fraud

Crystal TynanPosted
  • Napa, CA
  • Posts 14
  • Votes 2
Originally posted by @Brandon L.:

@Crystal Tynan I feel I have nothing to add since everyone above has filled you in on the steps you can take, but I am curious how in the first post the amount "stolen" was 11k, and further down the thread its 73k "stolen.

If you made 73k for the broker or team leader you should have no problem making it on your own. Sometimes these situations can sting but the best thing to do is move on.

 The most recent deal in escrow my commish would be $11k. There’s another $32k at stake for an additional deal that just received an accepted offer yesterday. Then there is the buyer she took the full commission on from several months ago, after assigning the client to me, which would have been a $26k commission for me. 

Post: Heavyweight Realtor commission fraud

Crystal TynanPosted
  • Napa, CA
  • Posts 14
  • Votes 2

I didn’t make the money from marketing, I made the money from commissions that she owed me per an agreement. This will be my first you’re going out as an agent completely on my own so it won’t be that “easy” for me to make $73,000 again. Thank you everyone for your help and for your input. I am moving to a new brokerage and the new broker hooked me up with an attorney who is taking my case on a contingency fee basis. After consulting with several attorneys, they all have the consensus that there is more than enough evidence she owes me this money, and there may also be fraud involved due to her attempts to cover up the transactions. I’ll let you know what happens. 

Post: Heavyweight Realtor commission fraud

Crystal TynanPosted
  • Napa, CA
  • Posts 14
  • Votes 2

Thank you very much for your input everyone. 

Post: Heavyweight Realtor commission fraud

Crystal TynanPosted
  • Napa, CA
  • Posts 14
  • Votes 2

The excerpt I listed above specifically stated that emails can be considered a contract.

I’m also not referring to the purchase of real property. I am referring to an offer of employment, or terms of employment. These terms were offered, accepted, and executed. Then, knowing I was going to quit doing her marketing, the top agent intentiinally hid the remaining 2 deals from me to avoid paying me. 

“Generally, the elements of any legally binding contractual agreement include California Civil Jury Instructions (CACI) 302: Contract Formation—Essential Factual Elements offer, (2) acceptance, (3) consideration, and (4) no defenses. In California, the essential factual elements necessary to prove contract formation are: (1) the contract terms were clear enough so the parties could understand what each was required to do; (2) the parties agreed to give each other something of value [a promise to do something or not to do something may have value]; and (3) the parties agreed to the terms of the contract.1

A recent case in the Court of Appeals of Texas decided March 30, 2017 (Khoury V. Tomlinson) held that “even a name or email address in a “from” field can be construed to be “executed or adopted by a person with the intent to sign the record and functions as a signature.”

The court’s reasoning was that even though the name and email address are automatically inserted into an email, nevertheless since the sender set up the email account in a manner so as to insert these items, they are considered as intentionally being inserted by the sender as a signature. The same would apply to a signature block in an email.”

But you’re right. I likely have no idea what I’m talking about. 

Post: Heavyweight Realtor commission fraud

Crystal TynanPosted
  • Napa, CA
  • Posts 14
  • Votes 2

Given that she fulfilled paying me 25% on the other 2 transactions (our of 4) it would seem she intended to pay me and there was a contract by precedent. The precedent was set by the fact that she followed through and paid me on 2, but not all 4 deals, once she knew I was no longer interested in doing her marketing. 

Post: Heavyweight Realtor commission fraud

Crystal TynanPosted
  • Napa, CA
  • Posts 14
  • Votes 2

Except that...”Both the federal Electronic Signatures in Global and National Commerce Act, which applies to all interstate and foreign transactions, and the Uniform Electronic Transactions Act (“UETA”), a version of which California[1] and the majority of states have adopted, provide that a contract and signature won’t be denied legal effect solely because they’re in electronic form. Under these laws, the sender’s printed name at the end of an email, in the email’s signature block or even in the “From” line, can be a sufficient electronic signature to bind the sender to a contract formed by that email exchange.

Courts across the country are increasingly enforcing contracts formed by exchanges of emails that appear informal and are unsigned in the traditional sense. One recent New York decision found that “given the now widespread use of email as a form of written communication in both personal and business affairs, it would be unreasonable to conclude that email messages are incapable of conforming to the criteria of (the New York version of the UETA) simply because they cannot be physically signed in a traditional fashion”[2]

UETA applies “only to transactions between parties, each of which has agreed to conduct transactions by electronic means. Whether the parties agree to conduct a transaction by electronic means is determined from the context and surrounding circumstances, including the parties’ conduct.”

Post: Heavyweight Realtor commission fraud

Crystal TynanPosted
  • Napa, CA
  • Posts 14
  • Votes 2

I took it up with the lead broker. He said that although I had several emails from her stating she would pay me, and a signed agreement of sorts, that if she chose not to pay me ultimately it was at her discretion and basically, it was a learning opportunity for me. 

He said I have a very bright future at the brokerage and to just let it go, as she is a top agent and having a friendly relationship with her is valuable to my career.

It is now amounting to approx. $73k that she is stealing from me, a junior agent, just starting out, through commissions she is keeping despite promising me, in front of our broker.

How is an email from her, promising to pay me, not a binding agreement? 

Surely this is not legal.