Minnesota Real Estate Broker Arrested For Theft
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This kind of thing can break the level of trust between agents and home sellers, but it looks like an isolated case in Minnesota. The theft was of pain medication so I would think that the agent’s had worse troubles than theft.
But it does make one recognize that folks put a great deal of trust into professional real estate agents by putting the lock box on the door. Studies that show the reputation of agents being below used car dealers (but above politicians) would never ask if you would let the used car dealer into your home when you were not there.
That paradigm alludes to the true respect that homeowners have for real estate agents.
One homeowner told police he came home Tuesday to find his dog locked in the garage and pain medication missing from his kitchen cabinet.
The 64-year-old real estate agent was in the Hennepin County jail awaiting formal charges.
Minnetonka detective Sgt. Dave Riegert says police have linked the real estate broker to the theft Tuesday as well as to one in June. Police believe they’ll find many more homes involved. via Bemidji Pioneer
It probably is a really good time to buy real estate - monthly payments are about equal to market rents ...
The part about the inventory is right on but in my area they are mostly low end and beat up ...
I worked for this man, he is a great con man and has done this in more than States then ...
You're right. If you come from Central Jersey (as the Boss and I do), you go to Florida at some ...
Maybe it was kryptonite...
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I couldn't agree more.
The newspaper has always "stuck" it to the real estate agent with rates that were much higher ...
By the way, homeowners trying to get short sale approval should be aware that lenders are comparing the initial loan ...
Ouch! Thankfully I haven't come across anything like that yet. We normally don't have situations like that in ...
well, the guy was here illegally.
serves him right. 
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Pingback by Broker Resorts To Stealing “Realtor’s Little Helper” From Clients | Housing Doom on 19 July 2008:
[...] Broker Resorts To Stealing “Realtor’s Little Helper” From Clients By twist Thanks to Luke Mullins of U.S. News and World Report for forwarding his post on this AP story: [Commented on here by the Real Estate Bloggers.] [...]
Comment by Doug Quance on 20 July 2008:
I always tell sellers to lock up their valuables and medications, as agents can’t always see what their buyer clients are doing - especially when dealing with more than two people.
It’s a shame, really. Stealing pain medication… probably because his ailment has caused a dependency. So sad.