Note: The DearEsq free 'ask a lawyer' site is offered as a free informational service to the public and is not intended as legal advice. Laws vary from state-to-state, and in addition every situation is unique, and relevant facts may not be known. The answer to the question posed below may not apply to in your state or to your situation. For legal advice in your state and your situation you should consult with an attorney in your state who is familiar with the rules and laws in your state.
“Is it legal for a buyer, who is a realtor, to release the seller from escrow with him and then on the escrow papers assign the seller as seller to a third party buyer, in order to by pass taxes and make a commission? Am I being taken?”I’m not sure I understand exactly what the Realtor has done in your situation. Are you the seller? Are you getting any less money than you expected to under the original deal?
Question: I would suggest contacting the state agency that licenses real estate professionals in your state. Most have a consumer help line which can get all the necessary information on your case and let you know whether there is something wrong.
