California real estate broker cashes the deposit check for a house that rejected ur offer?
First I would read any contracts I had signed when 'hiring' my agent or the actual offer. Then I would ask for my money back immediately. If they can't or won't issue a check I would go to www.dre.ca.gov and file a complaint with the CA Dept. of Real Estate. They have zero tolerance with trust fund violations. If the owner rejected your offer, there was no deal for the buyer to back out of and the check should not have been cashed if they used a CAR offer form. I would ask my next agent if they are a REALTOR.
by tlkn2myslf - a day ago
You request that the funds be paid to you as soon as possible. In most states, brokers are required to deposit such checks into the holding account of the real estate brokerage firm within a specified time of receipt of such check. If your offer did not 'go together', you are entitled to a full refund from the brokerage account.
by acermill - a day ago
it was in the offer the realtor should have put in a "refund clause" it is your money.. you have to phone and ask for it maybe sign some papers and wait a week it is your money yes..the deposit was part of the offer..(it is in the contract) phone the company/broker and get your money.. you need to phone the broker /company to get your deposit back..........they will want a form signed..if they refuse..then you go to your local "real estate board office".......
by m2 - a day ago
1st ask her for your money back. or if she does not return it.... place a stop payment on the check. 2nd if she does not give it to you than go to the State and file a complaint. However why would you make out a check to Kathy X in the first place? You maybe make it out to a brokerage house but not to a person. I mean come on use your head, you make it too easy for someone to rip you off.
by Kdude - a day ago
Contact the state, they issued the brokers license and can discipline them.
by justme - a day ago
Have you tried asking for your money back. Part of her job is to make sure that any offer made is real which includes cashing the check to be sure that it doesn't bounce. Does the agent know that you are not going to make a higher offer? You can't assume, you actually have to communicate and tell her what you have in mind.pp
by ttpawpaw - a day ago
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