Real Estate Brokerage Suspends Realtors Under Indictment

The Los Angeles Times reports:

• "Two Beverly Hills real estate agents indicted for their alleged participation in a mortgage fraud scheme have been suspended by their employer, Prudential California Realty, and ordered not to conduct any real estate transactions until the federal case has been resolved. Joseph Babajian and Kyle Grasso are among the top-producing real estate agents in Southern California, and often work together. [...] Prudential California, whose parent is Warren E. Buffett's Berkshire Hathaway Inc., said it would transfer all of Babajian's and Grasso's listings to other agents."

For more, see Two Beverly Hills agents suspended by brokerage (no longer available online).

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