Realtor who sold Montana Island Lodge is on probation
SEELEY LAKE, Mont. (AP) — A Realtor who sold the Montana Island Lodge for about $1 million less than its lowest asking price — and $5 million less than the original price — is on probation.
The Missoulian reports the Montana Board of Realty Regulation placed Cole Bergquist, who sold the property for $1.6 million, on probation in October “for unprofessional conduct.”
The most recent listing price was $2.5 million.
The board issued two final orders against Bergquist in two separate complaints filed with the Montana Department of Labor and Industry. The orders say in one case, Bergquist marketed a property another realtor had an agreement to list, and in the other, he inappropriately circumvented the listing agent.
Bergquist was fined $1,000 and placed on probation “for a period not less than two years.”
Information from: Missoulian, http://www.missoulian.com