• Report: #512545
Complaint Review:

Steve Vartanian

  • Submitted: Wed, October 21, 2009
  • Updated: Sat, December 08, 2012

  • Reported By: Victimized — Yorba Linda California USA
Steve Vartanian
Yorba Linda blvd Yorba Linda, California United States of America

Steve Vartanian Steven Vartanian Lied and misrepresented the qualifications of his clients and witholds properties from the market so as to collect double commissions unfairly Yorba Linda, California

*Consumer Comment: Another Vartanian Victim

*REBUTTAL Individual responds: Can't believe that Steven Vartanian still has his license

*Consumer Comment: Shocking anyone would defend this person!

*Consumer Comment: Written by a certain Manager of Orange Real Estate office

*General Comment: Stop the Anonymous Author Crap!

*Author of original report: Completely false and unverified and uninvestigated rebuttal!

*REBUTTAL Owner of company: Realtor on Realtor crime.

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Steve Vartanian has become notorious in North Orange County California for constantly lying to buyers and other realtors about the availability of his listings.  His motivation is to double end those listings with his own buyers at the detrement of his sellers and other agents and buyers.  His sellers lose money because they never see the offers that would have come in had he not witheld the property from the market.  I have personally witnessed him doing this and experienced it as a buyer trying to buy one of his listings.  Once I forced him to present my offer he tried to extort money out of me to get me the deal.

Then while my home was for sale he wrote an offer stating that the buyer had written a $5000 deposit check and was "preapproved".  Upon verification several days later it turned out that he had never collected any deposit and the buyer had never spoken to the lender and was not even prequalified.   When confronted he tried to act innocent and oblivious but woudl never just admit that he flat out lied about some pretty pertinent information.

In another recent scenario he tried to force another realtor to withhold another offer that was over $100,000 more so that he could buy the home for a super low price, he told her that he would stop the clients foreclosure with his connections at BofA/countrywide only if she would "lose" the other offer.  When she didn't do this for him, he complained and threw a fit as though he did nothing wrong.  It's like he doesn't even realize that almost all of these actions seriously hurt buyers and sellers and cost everyone money and huge headaches.  Not only are some of these acts against the law, but they are just plain wrong, but he doesn't get it.  He seems to just move to whatever company will tolerate his behavior and allow it.  Now he is at first team real estate and I hope they realize what he does and is doing and do not allow it any longer!

This report was posted on Ripoff Report on 10/21/2009 12:51 AM and is a permanent record located here: http://www.ripoffreport.com/reports/steve-vartanian/yorba-linda-california-92886/steve-vartanian-steven-vartanian-lied-and-misrepresented-the-qualifications-of-his-clients-512545. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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Updates & Rebuttals

#1 Consumer Comment

Another Vartanian Victim

AUTHOR: Joe - (United States of America)

I have just spent almost a month being jerked around by Steve Vartanian of First Team Real Estate in Yorba Linda California. He did to me what was described by the original complainant in this string. In addition, he refused to send the buyer my first offer and then he raised my 'required' deposit from $5,000 to $30,000. And twice during my negotiations he changed the terms and conditions on the MLS without advising me or my agent.

In his counter offer to me he wanted to reduce my inspection time to only 5 days and he wanted the seller to remain in the house 3 days AFTER the close of escrow with no compensation to me. His final shot was that after he received my counter offer that had been signed by the seller, instead of sending it to the bank for short sale approval, he held my counter offer 3 days until it expired.

For you doubters out there, I have documented proof of all of this and more. I welcome contact via Ripoff by any California attorney who would like my case against Steve and the broker he operates under.
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#2 REBUTTAL Individual responds

Can't believe that Steven Vartanian still has his license

AUTHOR: anonymous - (United States of America)

We have also had problem with him not submiting our offer. Wanting a larger deposit and asking for
different thing in the offer paper which buyer agreed to ,and telling me that the seller didn't agree when they
did. And him telling me that he had other buyer, he wants to double end his commissions. And not able to
give us a counter offer,because he new that the seller wouldn't go for it.So he let the offer expire, and not call
back. And there is so much more.
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#3 Consumer Comment

Shocking anyone would defend this person!

AUTHOR: Disgusted - (United States of America)

First, the "anonymous" person who complained about the "anonymous" people needs to look in the mirror... 

Secondly, I am another Realtor in the area Steve works and can honestly tell you that I and many of my colleagues have experienced his completely unethical behavior.  But no one want's to put their name on this because everyone knows how nasty Steve can be and he will just throw our/their offers away if their buyer want's to buy one of his listings.  It's not worth having Steve do more damage than he already does out of retaliation.

I work at a company that Steve wanted to work at and had he joined, many of us would have quit! 

Steve likes to play the "nice" guy and say all of the right things, but his greed shows through and we don't trust him but are stuck with him and his fake smile!

Whomever wrote the first post, was right on!  And I'm sure more Orange County Realtors will be sharing their opinions the more Steves friends write rebuttals to try and cover up his behavior.

I heard from another agent recently that Steve asked her to cut her commission so he could make more and he would get her offer accepted then.  This other agent has no reason to make that up.  And that is horribly unethical! 

I've been on Steves expired listings and heard from those sellers that he lied to them the entire time, extended listings and changed the list price without their signatures. Unbelievable!  He thinks the law doesn't apply to him!

I'm going to tell them to write a comment on this site too!  The customer is always right!

Whoever wrote this... Thanks for trying to expose Steves behavior!  Thank goodness for the internet!

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#4 Consumer Comment

Written by a certain Manager of Orange Real Estate office

AUTHOR: Anon - (United States of America)

Pretty sure the author is a sales manager at a an office where Mr. Vartanian used to work and is a little man who has nothing to do with his time but to slam other agents. By the way, it is against the Realtor code to make allegations publicly against another Realtor. 
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#5 General Comment

Stop the Anonymous Author Crap!

AUTHOR: Anon - (United States of America)

I think its very terrible that someone can file a completely defamatory complaint about someone without signing their name. Seems like the internet has lost control. The aurthor of this compliant should step up and say who they are, probably just a disgruntled Real Estate Agent! This has got to stop!
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#6 Author of original report

Completely false and unverified and uninvestigated rebuttal!

AUTHOR: Victimized - (USA)

I appreciate Laura Patterson with BofA's rebuttal to defend Steve Vartanian, (she is his friend) but she has no idea as to the validity of her comment as there has been no official response to the complaints from BofA to date.  No investigations have been conducted to discover whether this is true or not, and if they did one, they would find that this is the truth.  But there are requests for investigations submitted to no avail according to local Realtors.   According to Steve Vartanian, Laura Patterson was directly involved in trying to help him obtain a property for substantially less than market value due to their friendship as purported by Steve Vartanian.

We all understand that BofA is extremely busy and cannot or have not had the time to investigate this, but the complaints have been submitted, and eventually the truth will come out.

Why Laura Patterson would expose BofA (a great company) to this by writing an informal rebuttal as though it is on behalf of BofA is surprising and incredibly irresponsible without properly investigating the complaints.

Just taking Steves word for it will cause others to be hurt and BofA shareholders money!!! 

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#7 REBUTTAL Owner of company

Realtor on Realtor crime.

AUTHOR: Laura Patterson Bank of America - (United States of America)

Bank of America has stict proceedures to ensure all parties act in a fair and ethical manner on REO inventory. Mr. Vartanian is a very successful Real Estate agent in Orange County in good standing.  The fictional account published is an attempt to derail his business.  I encourage you to take the time to call Mr. Vartanian for the name of the author.   

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