State board revokes license of felon Tampa Bay real estate agent

State board revokes license of felon Tampa Bay real estate agent

The Florida Real Estate Commission voted unanimously Tuesday to revoke the license of Michael Schaffer, a Pinellas County real estate agent who failed to disclose two felony theft convictions.

“He should not be working with consumers,” commissioner Guy Sanchez Jr. said.

Somewhat unusually, Schaffer did not appear nor was he represented by an attorney at the all-day commission meeting where dozens of other Realtors and license applicants showed up in person to answer questions about their criminal pasts. Schaffer, an agent with Realty Resource in St. Pete Beach, did not return a call for comment.

The revocation will not take effect until a final order is filed, probably around the end of October. Until then, Schaffer can continue to work as an agent. Records show that he has one active listing, a vacant lot in Marion County, and that he has been involved in several transactions this year including the $1.54 million sale of a unit in the ONE St. Petersburg condo tower.

The commission began investigating Schaffer after the reports of some questionable real estate dealings, his ties to a disbarred lawyer and his criminal background.

Schaffer, 53, obtained his Florida real estate license in 2001. A year later, he was indicted in Illinois, where he once worked, on charges of stealing nearly $40,000 from a clothing store. He pleaded guilty to two felony counts and was sentenced to 30 months probation. Florida officials said there was no evidence that he ever disclosed his crimes to the state’s Real Estate Commission as is required.

The seven-member commission, which meets monthly in Orlando, takes an especially hard line on thefts and other financial crimes. Realtors handle clients’ escrow funds and often enter homes when no one is there.

“People leave money around,” commissioner Patti Ketcham said Tuesday as the panel considered whether to approve a license for a man with a petty theft charge. “Stealing is a big deal and people need to be able to trust us.”

Those who’ve had recent dealings with Schaffer say his thefts and criminal past should have been a warning.

Last year, Samuel Buck of Seminole filed a complaint with the Real Estate Commission after he lost out on the purchase of a villa that Schaffer had listed. Schaffer accepted a lower bid — from a Realtor in the same office — even though Buck’s bid was considerably higher. That Realtor relisted the villa for nearly $75,000 more than he had paid five days earlier.

The real estate section is covered by David Carty. Need any information on prices, rises and falls in the market, or genuine advice on what properties to watch out for? David has proven his mettle in the field through stellar reporting and story creation.

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