N. Mark Kramoltz, J.D., GRI, CIPS
N. Mark Kramoltz
Mark is a Designated Broker, Attorney, Certified Real Estate Instructor, Brokerage and Litigation Consultant and Expert Witness. His professional goals are to provide an unmatched level of representation to real estate clients due to the Attorney-Broker advantage, and educating consumers so they can make the best choices, including avoiding single agent, dual agency.
Mark graduated from the University of Arizona with Bachelor of Arts in History, May, 1981, and the College of Law with a Juris Doctor, May, 1984. Honors included the Dean’s List six of the 8 undergrad semesters; B.A. with Distinction, and election to Phi Beta Kappa.
His licenses and designations include: State Bar of Arizona – 1984; U.S. District Court for the District of Arizona – 1984; Arizona Licensed Real Estate Broker and Designated Broker, 1995; Graduate Realtor Institute – 1996; Certified International Property Specialist (“CIPS”) – 2009.
He is a member of the Arizona Association of Realtors; State Bar of Arizona; National Association of Realtors; Scottsdale Association of Realtors; Real Estate Section, State Bar of Arizona; Scottsdale Bar Association; The U.S. District Court for the District of Arizona; Canadian Internet Forum.
Mr. Kramoltz has taught real estate as an Arizona Department of Real Estate (“ADRE”) Certified Instructor, and as a panelist for continuing legal education seminars as a presenter or chair.
He acts as a real estate consultant, preparing pre-sale and pre-foreclosure reports and opinions of value; and compliance and risk management developer and brokerage consulting. Mr. Kramoltz also provides litigation support, consulting services and expert testimony in real estate disputes and standard of care cases. Representative matters retained for consultation or testimony include: Licensee negligence, breach of contract and fiduciary duty (including improperly prepared documents, inadequate disclosures, breach of fiduciary duty, and dual agency); Applicability of real estate licensing laws; Injury to value and marketability of property resulting in claimed damages and stigma, and analysis of impact on market price of a solar facility.
ACHIEVEMENTS AND SPECIALTIES:
The International Marketplace: Mr. Kramoltz was born in Toronto, Ontario, Canada, and holds dual U.S. and Canadian citizenship. The representation of non-U.S. property owners has traditionally been a part of Mr. Kramoltz’s legal and brokerage practice. As a result, his experience in the area of real estate involving foreign nationals has been both varied and extensive, and Mr. Kramoltz has represented a variety of international buyers and sellers. Transactions handled for global clients include residential, raw land, industrial, apartments, office, and farm land.
His legal knowledge, attainment of the CIPS designation, his Canadian heritage and member of the Canadian Snowbird Association provides Mr. Kramoltz with the necessary training and experience to handle the more complex real estate needs of nonresidents. This Attorney-Broker advantage provides his clients with a knowledge of the law applicable to non-residents that is unavailable from real estate licenses.
For Arizona sellers, Mr. Kramoltz’s knowledge of international real estate has allowed him to develop methods and strategies to attract non-U.S. buyers to SimplySOLD™’s listings.
Luxury Real Estate: Mr. Kramoltz has many years of experience with buyers and sellers of high-end Arizona property in Scottsdale and the greater Phoenix area. Luxury properties involve dollar amounts and unique issues that require a high level of expertise. Mr. Kramoltz’s legal training and transactional experience are uniquely suited to servicing the needs of upper-end buyers and sellers. As a result, he is able to protect the interest of SimplySOLD™ clients – without them having to retain and pay a separate law firm for legal advice.
Leadership: Mr. Kramoltz runs his company and manages a staff of salespeople that work valley-wide. He also assists licensees in the formation of Arizona brokerages, and teaches them how to satisfy the numerous regulatory requirements involved in their creation and operation. He also provides risk management, administrative compliance, and supervision duty consulting services to designated brokers and owners.
Highest Ethics: Mr. Kramoltz does not represent both buyer and seller (single licensee “dual agency”). Agents engage in dual agency because it permits them to “double dip,” or collect double the commission. And dual agents are precluded from acting in the best interest of the client or giving either buyer or seller the highest level of representation. Mr. Kramoltz strongly believes that this clear conflict of interest is unethical. He maintains that the competent representation can only be provided when the interests of the client are put ahead of the desire of a real estate license to obtain maximum monetary gain . The views of Mr. Kramoltz on the subject have been featured nationally, and have gained him accolades from experts and consumer advocates. He has written several articles on the matter, including a series discussing how it hurts buyers, sellers and agents entitled Is Your Agent Disloyal?