Real estate agents are ethically obligated to leave personal interest at the door when helping their client buy or sell property, but what happens when the perfect house hits the market, and an agent involved in the transaction is eyeing it for themselves?
This dilemma took center stage in Austin, TX, when the city’s top luxury real estate agent, Kumara Wilcoxon, was accused by a buyer’s agent of withholding multimillion-dollar offers on a luxury Mediterranean-style villa, allegedly because listing agent Wilcoxon wanted the high-priced home for herself.
The buyer’s agent, top producer Amy Deane of Moreland Properties, earlier this year filed a formal complaint against Wilcoxon with the Texas Real Estate Commission (TREC), the state’s industry regulator, alleging that Wilcoxon violated the Texas Real Estate License Act by failing to present her client’s two offers on the house to the seller…