Real Estate Journal

In the real estate business, integrity is the most important ingredient.  It was reported that Steele, an  American real estate broker is on fire.  His license has just been suspended based on an emergency order by the state Department of Business Regulation.  Pending further investigation into a complaint the agency received for which Steele was the sales agent.  One of them is  a failed condo deal  where  a $31,250 check bounced  to the prospective buyer for the returned deposit.  The account on which the check was drawn had insufficient funds at the time. This was confirmed by the bank documents submitted to the regulator.  There are also alleged complaint that Steele “misrepresented” on several issues such as the number of days the condo had been on the market;   the available parking spaces, monthly condo fees and whether the condo association’s members included a restaurant.