397-4th-Street-1109.jpgWhat do you do if you’re trying to sell an apartment with water leaks but don’t want potential buyers to know? Just make sure not to show it on rainy days! That’s the tactic some Corcoran agents were accused of in a suit involving the sale of a condo unit at 357 4th Street in Park Slope, and now the firm itself has been found “grossly negligent” and fined $35,000 by the judge in the case for failing to preserve and hand over emails that would allegedly confirm that Corcoran agents cancelled appointments on rainy days. Meanwhile, the case itself, which involves almost a million dollars in potential construction fixes and total damages of $5 million, continues on.
State Supreme Court Rules Corcoran “Negligent” [TRD]
E-mail Shows Couple’s Suit vs. Corcoran Group Holds Water [NYDN]


What's Your Take? Leave a Comment

  1. corcoran people are for the most part shady people. i have 4 deals with them
    and they were always trying to hide facts from me.
    there is only i worked with who was honnest.

    ethics is not in their vocabulary.

    the problem is that they have most of the best listings in brooklyn.

    so you have to deal with them. just never believe one word they say even if they have nice smiles and dress well. it’s all a lie.

  2. but remember, these large brokerages in Brooklyn (including the brokers and agents) follow the RENBY rules of ethical conduct – whatever this really means. A good broker knows what is proper ethical and legal conduct with repect to brokering real estate transactions. REBNY is simply a a trade group to give the illusion that such brokers are engaging in the highest standard. In reality, it appears to be an “insurance policy for the “mistakes” made by broker/agents. A broker should be under a higher level of scrutiny by New York State licensing. If security brokers have to take many high level exams to trade; perhaps a real estate broker must also be under the same obligation; and , as we all know, this is still not enoughj protection. Remember, for the most part, a real estate broker is repesenting a buyer/seller in one of the most valuable assets they will ever own.

  3. NEVER never Ever ever trust a broker from CORCORAN…that firm is filled with crooks and liars. They will say anything to get a listing or a buyer.
    Buyer ~ Seller Beware!
    They helped me out last year when I was looking and ended up buying through another broker. Enough Said!
    I say bye bye to those agents 🙁