What happens when a real estate agent gets sued?
What happens when a real estate agent gets sued?
In the majority of real estate related lawsuits, a court will award monetary damages to a plaintiff who has been wronged by a real estate agent. These awards could include: Compensatory damages associated with a breach of contract or misrepresentation.
Is real estate agent liable?
Generally speaking, the agent becomes liable if they owe the client certain duties under law or under a real estate contract. Reviewing real estate and legal documents. Placing any money that the client has turned over in a separate account (i.e. fiduciary duty to the client)
Can a real estate agent be sued for fraud?
Should they fail to keep that data safe, such as protecting it from hackers by installing security software, they may find themselves subject to a legal claim for any damages resulting from the misuse of a client’s data. In addition to the lawsuits listed above, you may also be able to sue a real estate agent for lying.
When to sue a real estate broker for misrepresentation?
Of the many legal issues facing real estate brokers, lawsuits for misrepresentation are by far the biggest. So how do you know if your real estate broker has made misrepresentations, and when can you sue because of them? Legally, a misrepresentation is when a real estate broker misstates some material feature of the property.
Can a real estate agent be sued for breach of duty?
Below are a number of common lawsuits against real estate agents. Failing to Disclose a Property Defect – Real estate agents have a duty to disclose anything that materially affects the property. Breach of Duty – The most common type of lawsuit brought against real estate agents are for breach of duty.
Are there any legal claims against a real estate agent?
Real estate agents occupy a position of trust. Quite often, they are involved in transactions that represent the largest monetary value that their clients have ever encountered. As such, real estate agents may be subject to a number of legal claims.
Should they fail to keep that data safe, such as protecting it from hackers by installing security software, they may find themselves subject to a legal claim for any damages resulting from the misuse of a client’s data. In addition to the lawsuits listed above, you may also be able to sue a real estate agent for lying.
Of the many legal issues facing real estate brokers, lawsuits for misrepresentation are by far the biggest. So how do you know if your real estate broker has made misrepresentations, and when can you sue because of them? Legally, a misrepresentation is when a real estate broker misstates some material feature of the property.
Below are a number of common lawsuits against real estate agents. Failing to Disclose a Property Defect – Real estate agents have a duty to disclose anything that materially affects the property. Breach of Duty – The most common type of lawsuit brought against real estate agents are for breach of duty.
Who is the best lawyer to sue a real estate agent?
By hiring an experienced real estate agent claim attorney from Whitney, LLP to represent you in a negligence, fraud or breach of contract case, you receive professional help in resolving what may be an otherwise confusing and emotional situation.