BREAKING STORY which aired Aug 22nd on the local LV newschannel re: Civil Allegations filed against Kuba Jewgienew, CEO Realty One Group. The Div of RE reduced Kuba Jewgienew's broker status to broker salesperson & ROG is being monitored by Division of Real Estate for falsifiying records & by IRS for circumventing tax laws.Filed in www.courthousenews.com, the next paragraph of the lawsuit states: "Plaintiff observed and perceived that Kuba Jewgieniew, individually and on behalf of ROG, Apan or Everest, flaunted the law, competed unlawfully, used his power and position to maliciously and vengefully harm competitors and individuals, including members of his own family, created, destroyed, or changed documentation, lied, hid behind a charming front, purposefully and systematically misclassified some employees as independent contractors to circumvent employment and tax laws, manipulated people and disrupted their careers to his advantage, and fraudulently reported data to an insurance carrier to reduce expenses. Plaintiff also observed that turnover of employees and those misclassified as independent contractors was high, and terminations generated by Kuba Jewgieniew were often based on other than performance.
Are Kuba Jewgienew's corporate brokers and its sales managers following the practices of the CEO/alleged rapist/owner of Realty One Group to enhance ROG's revenue streams? Realty One Group's 100% commission/$100Monthly/$200TransactionFee RE Brokerage email solicitations boasts $15 billion in sales volume was generated in the last 4 years.
How often have commissions that were derived from the $15B in sales volume generated by independent contractors/agents not been duly disbursed to the agent(s) and as advertised by ROG's CEO + their corporate brokers?
In a Federal law suit filed against Realty One Group it was alleged that Realty One Group violated non-solicitation and Non-Compete, Breach of Contract-Accounts payable Civil Conspiracy and Intentional Interference With Contractual Relations.
Compensation at completion of a real estate transaction is conventionally based on a percentage of the real estate sales price, split between the buying and selling brokers, and then between the agent(s) as per brokerage + sub agents agreement. While a split based on the percentage received by the broker is generally normal, in some brokerages such as the business model of Realty One Group, 100% agents/independent contractors pay a monthly "desk fee" for the office costs, $100 monthly fee, etc., for 100% agents to retain their 100% commissions due at closing, sent to the brokerage company by the title companies per the commission instructions indicating the name of the agent whose commissions the broker is to disburse commissions to when received from title/escrow companies.
ROG bills $100 per month desk fees per independent contractor plus additional sign up costs and deducts $175DocStorageFee plus $200TransactionFee plus $200UploadingFees from the 100% agents $3000 commissions on a $100,000 transaction. Is Realty One Group really a 100% real estate agency?
Short sale transactions can take 3-12 months and often requires two lenders approvals to enable a sale to close for less than owed while $100 per month desk fees are billed to the 4,500 independent contractors/agents who hang their license at ROG brokerage.
The NV RED indicated there is a high turnover of agents at ROG.
ROG's business model is the business model of Richard J. Bell founder of Liberty Realty, a 100% commission real estate company and ROG's CEO's former broker.
Bell, Richard J. 02888BI on 9/8/2003 was fined $10,000 by NV RED Citing: Unethical practices and breach of obligation to deal fairly with all parties.
Is Las Vegas a breeding ground of the unscrupulous?
The above is not like I had any say in its telling whatsoever.