Oh boy... Let me tell you, they are still at it. I see adds in the Austin American Statesman regularly.
I have my own story...
I went to their company to see what kind of houses were in Austin that I could afford as a 1st time home buyer. I went to look at a few houses one Saturday with these realtors (they are an older couple). They took me to some of the worst homes I had ever seen, one smelled like a combonation between dirty diapers and really bad body odor! They also got lost, trying to find one of the locations, so we wasted about an hour to find just one of their "listings" (I was following them in my own vehicle).
After all that B.S. I decided to forget the whole thing, and continue renting at my current address. A few months later, I worked out a deal with my land lord and a different mortgage company to buy the house I was renting/living in for two years.
I got a "courtesy call" one day from the realtor at First Place Realty to see if I still wanted to buy/look for a home. I told the guy "no thanks, I am buying the house I have been living in for two years". His voice changed immediately on the phone to an angry tone. He told me that if I did not close on my house with them at the closing table, they would sue me for commission of the sale of my home, which is about $6,000.
They had nothing to do with my closing! They did not show me my house (I already lived there!), My house was never listed on the MLS listings, and I had only seen these people twice. They are nothing but a bunch of crooks. Their attorney actually sent me a threataning letter to sue, and I quickly responded with a letter in my defense as to why they didn't have a leg to stand on.
The bottom line is that if you are not aware of your rights and how the market works, you can get screwed. Don't EVER do business with these people, they actually have their attorney's office, realtors, and mortgage all in one place! It has RIP OFF written all over the building!!! They are at 2222 and mopac in the Ghirling buiding right by Randalls.
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