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:


  • Seattle home broker caters to millennials with new Lyft partnership
  • Middle Market Digest: North West
  • Alaska man recuperates after being shot 3 times in Las Vegas
  • Alaska Real Estate Commission Update
  • Alaska’s population was flattening even before it began shedding jobs
  • Climate change already showing effects at Kennedy Space Center
  • Pilot, 72, gets 7 years for flying pot to Indiana
  • Vibrant Vancouver
  • Brandner: Alaska Plastic Surgeon Faces Forfeiture Of $4.656 Million For Undisclosed Offshore Account Used To Attempt ...
  • Alaska Real Estate & Homes For Sale
  • New Analyst Ratings On Piedmont Office Realty Trust, Inc. (NYSE:PDM)
  • The Dirt: Cooper George to become multifamily housing
  • RE/MAX, LLC to Purchase RE/MAX Northern Illinois Master Franchise
  • Where are millennials buying houses in the U.S.? Olathe is top, Overland Park up there
  • Earn 100,000 Miles for Your Mortgage from Chase (and Other Big Real Estate Offers)
  • Alaskan real-estate tycoon buying one of Iceland's largest hotel chains
  • Housing markets in Northwest cities still topping the charts
  • Real estate report: Rental registration deadline is Friday
  • Storage-space mogul Hughes now targeting rental homes
  • In Other News …