Realtor Charged With Price Gouging Victims Of California Wildfires

house burns in the wildfire

State officials have announced that charges are being filed against a real estate agent for allegedly price gouging victims of the devastating wildfires in Southern California. The California Attorney General, Rob Bonta, revealed that the realtor, who remains unnamed, is accused of attempting to exploit a family who had been evacuated due to the Los Angeles Eaton Fire.

According to the investigation, the family, after being evacuated, sought rental options through their real estate agent and expressed interest in renting a home in Glendale. The realtor reportedly offered them a rental property in Glendale at a rent price that was more than 50% higher than the pre-fire rate.

California Governor Gavin Newsom has extended emergency orders to prevent such price hikes of over 10% in Los Angeles County until March 8, 2025. These restrictions apply to both existing tenants and new leases during the emergency period.

Attorney General Bonta emphasized the importance of supporting neighbors in times of natural disasters rather than profiting from their misfortune. The charges against the real estate agent are part of the Department of Justice's efforts to combat price gouging and protect those affected by the wildfires.

Realtor accused of exploiting family evacuated due to Los Angeles Eaton Fire.

California real estate agent charged with price gouging wildfire victims.

Rental property offered at over 50% higher rate post-fire.

Cal Fire reported significant losses, with over 12,000 properties destroyed and more than 100,000 individuals displaced due to the fires. The DOJ has issued over 650 warning letters and continues to investigate and prosecute instances of price gouging, particularly targeting hotels and landlords.

Violators of the price gouging statute face criminal prosecution, including potential imprisonment and fines. Civil enforcement actions may also be taken, with penalties of up to $2,500 per violation, injunctive relief, and mandatory restitution.

Recent cases of alleged price gouging involving real estate agents highlight the ongoing efforts to combat such practices. Individuals who suspect they have been victims of price gouging are urged to report incidents to local authorities to ensure accountability and protection for affected individuals.