|
Salt Lake City, Oct
10, 2005 / Press Release /
The Utah Division of
Real Estate is pretty cut and dry on the matter. The
Division screens complaints to determine whether the Division has
jurisdiction over the subject matter and the individuals involved in the
complaint.
If the Division
determines that it has jurisdiction over both the subject matter and the
parties to the complaint, the Division then determines if there is
reason to believe a violation of statute or rule may have been
committed. If so, the complaint is accepted for investigation and the
complaining party is notified of the acceptance for investigation. And
should such parties be found guilty their information is made available
to the general public via the Division’s monthly newsletter.
As
a result of low mortgage rates and increased homes sales, the Division’s
nine member investigative team has become inundated with alleged
complaints from the general public and from findings of negligent acts
concluded by hearings conducted by the Utah Association of REALTORS®.
The
Utah Association of REALTORS® is a member of America’s largest trade
association, the National Association of REALTORS®. The UAR operates by
direction of the NAR thus adhering to a strict code of ethics, however
their code of ethics give great lead way to those parties that are found
to be in violation.
Unlike the Division of Real Estate, the UAR's policy is to keep their findings
private. This further bottlenecks a system that on a Divisional
level is approximately
two years behind in investigating matters regarding alleged complaints
and violations
of real estate,
appraiser, mortgage professionals.
REALTORS® found guilty at the UAR level are allowed to continue
their day to day business operations as a result of the UAR's limited
authority. This in a state ripe with mortgage and real estate fraud, gives
pause to question whether such an esteemed association is truly acting
in the best interest of the general public.
The intentional withholding of names and offenses from the general public,
places Utah’s families at greater risk while tarnishing the good names
of REALTORS®
and the Association that so many of Utah's real estate community call
home.
Earlier this year in Miami a jury found for the plaintiffs in a lawsuit
against the nation's largest tobacco companies for misleading smokers
about the dangers and addictiveness of cigarettes. In a lawsuit happy
world might the UAR be the
next in a long list of associations and companies sued as a result of
not informing the general public of the dangers of some of its members
and their actions?
|