Find Real Estate Agents and Homes for Sale


Real Estate News --> Alaska News

Lawsuit: Realtor, developer conspired to inflate home prices


A lawsuit filed in Seattle contends that a local developer and prominent real estate agency conspired to prey on Chinese ... Sports Minute: Here is the latest Washington, Oregon and Alaska sports news from The Associated Press State officials have asked ...


Archived Story

SEATTLE (AP) - A lawsuit filed in Seattle contends that a local developer and prominent real estate agency conspired to prey on Chinese nationals and inflate luxury home prices The Seattle Times reported Thursday that two plaintiffs who bought adjacent newly built homes in Kirkland allege that their broker at Realogics Sotheby's International Realty was actually working on behalf of the builder selling the homes Jie "Gabby" Jiao and couple Maoqi Zhang and Wei Fan hired Realogics Sotheby's broker Connie Blumenthal to buy their first homes in the United States in spring 2015 The suit says the buyers were told multiple offers had been made for the houses and were told to bid over $2 million eachThe lawsuit claims Jiao was so dissatisfied with the home's condition that she sold it for a lossThe other buyer's home is assessed at about $745,000 less than they paid Realogics and Blumenthal call the claims "baseless." Information from: The Seattle Times, http://www.seattletimes.com

Trending Alaska News:


  • How new tax bill will impact real estate market in South Florida
  • From profitable wealth fund to piggy bank, Permanent Fund braces for change
  • | 9:34 pm
  • Alaska Airlines To Lay Off SF-Based Virgin Employees, Likely Vacate Burlingame Headquarters
  • Donald Trump defends tax practices at Colorado rally
  • Three REMAX agents of Juneau recognized
  • Did the new Blood Bank cost too much?
  • 5 lessons Seattle can teach other cities about Amazon
  • Celebrity Homes: Sarah Palin Sells Her Beautiful Arizona Home
  • RE/Max hoping to make big push into WNY real estate market
  • Alaska Railroad Corporation 2016 Annual Report
  • EDITORIAL: Three Real Estate Issues, Under Consideration, Part Nine
  • My Turn: Progressive income tax is essential to a fair fiscal plan for Alaska
  • Conventional Home Mortgage Loan Limit to Rise Next Year
  • Alaska Airlines to Keep Virgin America Gates at Dallas Love Field
  • Two new agents for Berkshire Hathaway
  • In red-hot Bay Area housing market, ‘love letters’ help buyers close
  • Deal reached for A&P inventory, employees
  • BTB Real Estate Investment Trust (TSE:BTB) Announces $0.04 Monthly Dividend
  • Five rules for investment from Alaska’s Permanent Fund Corporation