Weichert Realtors – Real Mark...

Absolutely Atrocious experience

My best advice is: do not use Weichert Realtors – Real Market. My direct experience with them was absolutely atrocious.

Over the years I have bought and sold about ten properties. When I sell a property I do not use a selling real estate agent, but I am more than happy to pay the standard commission to a buying agent.

Never in my experience have I dealt with an agency as incompetent at Weichert Realtors.

The office in question is in Medfield, MA, and Chris Summers introduced himself to me and stated that he was the owner of that particular office.

Weichert brought a potential buyer to my house and claimed the buyer was qualified. We signed a P&S under the strict understanding that the sale was not contingent on the buyer selling his current residence first.

Weichert also set up the buyer with a mortgage broker from Wells Fargo and an attorney.

So with a signed P&S, I was required to take my house off the market for about 2 months waiting for the closing.

Approximately a week before the scheduled closing I contacted Weichert and they told me the mortgage had been approved, and we would be closing in a week.

I then moved out all my furniture. A day or two later I got an email directly from the buyer saying the mortgage was not approved.

I also got a copy of the letter from Wells Fargo which said they could not make the loan to the buyer unless his current house was sold first.

Weichert totally misrepresented the facts about the financing to me. They made no effort to get a copy of the mortgage approval.

If they had simply looked at the bank’s letter they would have known it was not approved.

And all of this took place after the mortgage contingency date in the P&S had expired.

So by not doing their job, Weichert also put the buyer at risk of losing their $40,000 deposit.

When I spoke with the owner of Weichert, he tried to blame everything on the mortgage broker and the attorney.

Amazingly, the two people he had recommended to the buyer. Bottom line was Weichert failed to manage anything.

The owner of the Weichert office also totally misrepresented to me what it would take to clear all the contingencies on the bank’s letter.

Subsequently, the buyer and I agreed to talk directly and not let Weichert get involved in any further discussions.

The buyer asked me if I could recommend a new mortgage broker to him, which I did.

The buyer also got rid of the attorney recommended by Weichert.

After many meetings and a great amount of work and a fantastic effort by the new mortgage broker, the buyer and I were able to work out a new deal.

Is Weichert Realtors - Real Market a legit?

Weichert Realtors - Real Market is not running a legit business. They are not aggressive towards customer satisfaction and complaint grievance redressal, Hence 2 consumer[s] submitted negative ratings, and only a few left positive feedback.

Where is Weichert Realtors - Real Market located?

Weichert Realtors - Real Market is headquarted at 5 N Meadows Rd Medfield, MA 02052. You can contact Weichert Realtors - Real Market by dialing (508) 572-9691 or visit their website weichertrm.com.

How much monetary loss is incurred by Weichert Realtors - Real Market’s customers?

According to Weichert Realtors - Real Market’s customers, a monetary loss of US $3287 has been reported. The severity of entire incident reports is high.

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2 Reviews on Weichert Realtors – Real Market

  1. Weichert Realtors buyers agent switched role to become sellers agent without my informed consent

    In 2005 I engaged the services of a Weichert agent named Tammy Thomas to help find me a new home in Silver Spring, MD, and the services of Weichert agent Carol Levin to act as my sellers agent to sell my residence in that same town. When I went to look at a Weichert-listed property for sale, Thomas switched her role as a buyers agent to become a sellers agent for the Weichert property without my informed consent; I was under the impression that she was still representing ME. Because of my ignorance of the convoluted and misleading Maryland Brokers Code governing the ethical obligations of real estate agents vis-a-vis their clients, I lost a considerable amount of money. In Maryland, as in many other states, real estate agents are NOT covered by consumer protection laws but rather regulated by state real estate commissions, which are invariably dominated by the industry itself.
    Despite Thomas’s admission that she violated the Maryland Real Estate Brokers Code by failing to provide timely notification of her status, the Weichert Company defended her conduct in my legal proceedings.
    Stay away from Weichert at all costs, and be careful not to get embroiled in dual agency transactions. The opportunities for double-dipping and fraud are all too frequent, and consumers in the housing market are at a great disadvantage in a system where laws written to defend companies from the consequences of their agents’ duplicity and incompetence.

    1. Weichert dual agency horror story

      Unfathomable breach of trust and fiduciary duty with respect to an undisclosed dual agency house sale from Weichert. Unless you consider a signature gained through blatant fraud and based on the mistaken belief that we were working with a trusted advisor(like we don’t go making our own stock picks) a legitimate disclosure. If we had wanted to learn every in and out of real estate(and any loopholes like dual agency therein), we would have gotten our own license and handled this on our own. Never even mentioned the term dual agency.

      It was like we were taken hostage by these people, we were threatened, jerked around every which way, all so they could unfairly double their commission while doing a fraction of the normal work. Then again, they seemed to relish in the drama when we realized what had hit us and pushed back. Blatant bait and switch scam. Incompetent. At every turn.

      Didn’t bother to tell us they couldn’t legally be involved about the price negotiation(!), it was all on us to figure that matter out for ourselves. So the opposing side basically got to pick their price under the guise of this being all above board. Go figure, that price was on the lowest end. Our own representative pushing the price DOWN. And getting paid double.(Caare.org explains this topic of dual agency comprehensively.) Absolute nightmare. Completely ridiculous cover story. Another witches brew of conflicting/misleading statements and blaming the victim(s). It was more than even a monetary issue and betrayal, as if that wasn’t bad enough. Had us running around like chickens with our heads cut off. It would almost be comical if it hadn’t really happened in real life.

      Hopefully the recent lawsuits in the news will root out the bad actors like this eventually. (We didn’t even receive that degraded level of service.)In the meantime, stay away from these crooks.

  2. In Silver Spring, MD I engaged the services of a Weichert buyers agent who switched roles without my informed consent to become a sellers agent, in violation of the Maryland Brokers Act. The company defended this agent in court despite her admitted violations.
    Stay away from Weichert. It’s a totally disreputable and unethical organization.

Reviews: 2
Reported Loss : 3287 $
Severity : High
Reported by : Anonymous
Views :