Real estate broker found to have misrepresented prices

November 27, 2010 - 12:00 am

The Nevada Real Estate Division found real estate broker and saleswoman Kathleen Tinaglia in 43 violations of state law by misrepresenting property sales prices in eight transactions.

Tinaglia participated in transactions in which the offer prices for the properties were significantly inflated above the property listing price to account for payments made to a third party, the division found.

In many cases, Tinaglia requested that the listing agents involved adjust the property list price to match the offer price, giving the false appearance of the buyer’s offer being a list-price offer.

The transactions occurred while Tinaglia was a licensee under broker Eve Mazzarella of Distinctive Real Estate and Investments. Mazzarella and her husband were indicted in 2008 on charges of defrauding financial institutions of millions of dollars in a mortgage scheme.

The Real Estate Commission fined Tinaglia $215,000, revoked her license and ordered her to pay hearing and investigative costs.

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