SEELEY LAKE, Mont. — A Realtor who sold the Montana Island Lodge for about $1 million less than its lowest asking price — and $5 million less than the original price — is on probation.

The Missoulian reports the Montana Board of Realty Regulation placed Cole Bergquist, who sold the property for $1.6 million, on probation in October “for unprofessional conduct.”

The most recent listing price was $2.5 million.

The board issued two final orders against Bergquist in two separate complaints filed with the Montana Department of Labor and Industry. The orders say in one case, Bergquist marketed a property another realtor had an agreement to list, and in the other, he inappropriately circumvented the listing agent.

Bergquist was fined $1,000 and placed on probation “for a period not less than two years.”

Information from: Missoulian,

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