A real estate agent accused of misleading the Missoula Real Estate Board and her fellow agents about their ability to secure a sale of a home for the benefit of a friend’s family has been arrested.
The Missoulian reported Tuesday that Lisa McColley was arrested in Missoulia on a felony charge of defrauding the board.
She has been released from jail on a $5,000 bond, the newspaper reported.
Missoula Police Capt. Matt Johnson said McColly was charged with a misdemeanor charge of theft and breach of trust and faces up to a year in jail if convicted.
The charges were made public by the Missourian, the local newspaper that covers the area.
Johnson said the investigation began when a letter was sent to the board asking for information on a potential home sale.
It was signed by McColleys husband, Craig.
In the letter, McColles husband said he was “a good man and hardworking” and his family had invested in the home.
He said the family could not afford to sell the home and that they were looking for a buyer.
McColle’s husband said the letter was signed and dated March 5, 2017.
He told the newspaper that he and his wife had no intention of selling the property.
The letter was also sent to all agents, including McColleys son, and their agents were told not to ask for money in return for any work.
The letter said the agent was unable to sign the letter because it contained confidential information, but that it did not include a statement of intent to sell.
Johnson said agents were not told that the letter could be used to obtain a sale.
“We’re not aware of any agents who were misled by this letter and they were not required to respond to it,” Johnson said.
In a phone interview, McColey’s attorney, Robert L. Miller, said the case was about a misunderstanding, and that McColeys attorneys had told the board that the family had a right to be compensated for any losses, as long as they were satisfied that the property was worth more than the $8,500 asking price.
Miller said the letters came from the McCoys’ son and not the family.
The board is trying to determine if the property could be sold.
The case is being handled by the St. Louis County Prosecuting Attorney’s Office.