They interpreted an option contract to be unlicensed brokerage, and prosecuted J.T.

HUD also retains the right to prosecute under the Act in addition to any state requirement if such is found to be insufficient.

dbname=111_cong_bills&docid=f:h3590enr.txt.pdf "In the case any failure by a taxpayer to timely pay any penalty in this section, such taxpayer shall not be subject to any criminal prosecution..."

Given this newest piece of information I decided to prosecute to the fullest extent of the law.

LOLMan the views some of you have are crazy.Some not posting but reading this venom will NEVER want to work with you on a deal because of your views of brokers/agents.Really,really think about that for a minute.I think in this topic there are many problems. 1.You ARE NOT required to be a REALTOR to conduct real estate as a licensed broker/agent.Now your local state MLS might be owned by a REALTOR organization or not and require it.Also if they don't require it your Broker might require it in their Independant Contractor agreement.In my state Georgia you ARE NOT required to be a REALTOR for mls access.I am the broker owner and have 24 agents.2.There is collusion from investors just as much as NAR.Many people will do illegal or unethical things for money.I don't know how many times investors will play with fire only to be burned when HUD comes back and says the scheme that an investor ran is now illegal and they will be prosecuted for it.3.If a broker/agent can't defend their commission do you really want them helping you with your buying or selling??

But it can be calculated by an attorney, prosecuter and regulators.

Some areas are very strict on this and will prosecute, others don't seem to care.

HUD will reach out and grab you if you are in clear violation of anything and if it's significant for prosecution, including setting an example.

It says that I will aid the DA to prosecute fraud to the fullest extent of the law.So far, that has backed down all the fakes.

In many cases, your are required to sign a document saying that your not receiving any monies and if the lender finds out to the contrary, you could be prosecuted for fraud.Bottom line, this investor is shady and cannot be trusted.