The Georgia appellate court ruled that a fraudulent inspection report could serve as the basis for a lawsuit by
the buyers against their agent, the seller, and inspector.
What if a buyer did not want the sale price reported and it was reported by the listing agent in error, could this be grounds for legal action from
the buyer against the agents and TREB?
Not exact matches
That certainty is especially evident when we consider that rejection includes the usual rejections from
agents or editors who don't love our work, the potential
buyers who decide
against clicking the buy button, and the negative reviews that will accumulate.
The loan also took steps to help
buyers compete
against investors by prohibiting its
agents from accepting offers from investors during the first 15 days of the home's listing.
Fair Housing Act: An act created by the federal government that makes it illegal for lenders, sellers,
agents, brokers, and anyone involved in the sale or purchase of a home to discriminate
against a
buyer for any reason.
Those 20 minutes seemed like hours as I listened to the
buyer and
agent negotiate
against themselves and then agree to the price written on the paper.
I ask relative to Merv's post in the OREA Edge, just out, wherein a judge found in favour of a
buyer,
against a REALTOR (r) who had signed them up to buy any place IN ONTARIO, when they subsequently signed a second BRA in a different city, having lost out on an offer in another local city, and the first
agent sued for commission.
As a
buyers agent, I am legally obligated to attempt to obtain an SPIS, ONLY to give my client some protection
against the seller.
Once the
buyer and seller sign, without a change, the Agent has not released the
buyer or seller and until the Agent does sign, a claim by the Agent could be made
against the
buyer or seller, or the
agents could battle each other.
From what you wrote above «if there is a listing out there offering $ 500 for example I will not be showing it to a
buyer» this is immoral,
against your duties as a
buyer's
agent, and potentially a breach of your contract (assuming one was in place) with the
buyer's that you represent.
Then
Buyer # 1 sues his
agent and takes him to RECO, explains that his
agent told him that the seller would not accept the deal, and the whole mess plays out in court
against Buyer 1 and his
agent.
36.3 works
against a pay for performance model and continues to disadvantage home
buyers because their
agents can not be rewarded for getting them a lower price.
However, there are a couple of things I'd do before filing a complaint
against the
buyer's
agent.
If, after all this, the contacts with the seller continued, I'd definitely file a complaint
against the
buyer's
agent, citing a violation of Article 16 of the Code.
Therefore your listing
agent negotiates the best deal possible for you
against the
buyer's
agent.
A
buyer could even file a complaint
against the listing
agent.
The contract is a safeguard
against the
buyers who spend 17 weekends of an
agent's time looking at every house in the area only to decide to show up at a builder's model home without the
agent and cut them out of the deal at the last minute.
In Binette v. Dyer Library Association, the Supreme Court of Maine addressed a
buyer's claims
against the seller and real estate
agent and agency for negligent misrepresentation and violation of the Maine Unfair Trade Practices Act (MUPTA) for failure to disclose the existence of an underground storage tank (UST).
If you are representing yourself, and the
buyer has their own
agent (as most do), will you be able to hold your own
against an
agent whose job is to get the most for the
buyer?
A South Carolina appellate court has considered whether a
buyer's lawsuit could proceed
against the listing
agent for misstating the square footage of a property.
185 DOS 05 DOS v. Britt - disclosure of conditions affecting the value or desirability of listed premises; DOS fails its burden of proof; res judicata; judgment rendered in civil court between
buyer and seller is not controlling in administrative proceeding
against licensee where DOS and licensee were not parties in the civil suit and professional conduct of the licensee was not litigated; duty of disclosure to a
buyer by a seller's
agent is derivative; seller's
agent must make the same disclosure to a
buyer that the law requires a seller to make; disclosure by seller's
agent to
buyer's
agent of the condition of the property as known by seller's
agent was timely, proper and essentially a disclosure to
buyer of that information; DOS has failed to prove by substantial evidence its allegation that basement flooding was a common occurrence or that broker was fully aware that homes in the neighborhood where the property is located encountered frequent flooding; complaint dismissed
Merrill Ottwein, a former president of the National Association of Exclusive
Buyer Agents, argues
against that step.
This is one thing we usually do as
Buyer's
Agents to help our clients stand out
against other
buyers.
However, sometimes the
buyer is intentionally mislead about how big or how small the property he or she is purchasing really is — and that intentional behavior is the basis of a fraudulent misrepresentation lawsuit
against a real estate broker, real estate
agent, and / or seller, in which the victim seeks recovery of their damages.
TREB is making a concerted effort to lobby
against a possible foreign
buyer tax on homes in Ontario, arguing that such a tax would be «misguided» when just 4.9 per cent of its member
agents acted on behalf a foreign
buyer in 2016.
In other words, most
buyer agents work at real estate firms that also represent sellers, so although your
agent may be working as your
buyer agent every other
agent in that firm potentially could be working
against you.
We find it hypocritical and anti-competitive that NAR is funding lawsuits
against Neighborcity.com when the company is helping facilitate exactly what NAR's surveys indicate
buyers want from an
agent — help in negotiating.
Lawyers typically advise
against these post-occupancy agreements, but
buyers are willing because so few properties are available,
agents say.
I fear that we're going to see big - time increases in complaints
against inadequately trained
buyer's
agents.
In addition, the
buyer was awarded $ 25,000 in costs of the appeal
against the sellers and a further $ 25,000 in costs
against the real estate
agent.
* Messaging for
Buyers: Buyers need the assistance of REALTORS ® to help them compete against other buyers, for example by crafting attractive offers that take into consideration current appraisal issues and advising on contingencies, in addition to assistance through the many traditional functions that a buyers» agent per
Buyers:
Buyers need the assistance of REALTORS ® to help them compete against other buyers, for example by crafting attractive offers that take into consideration current appraisal issues and advising on contingencies, in addition to assistance through the many traditional functions that a buyers» agent per
Buyers need the assistance of REALTORS ® to help them compete
against other
buyers, for example by crafting attractive offers that take into consideration current appraisal issues and advising on contingencies, in addition to assistance through the many traditional functions that a buyers» agent per
buyers, for example by crafting attractive offers that take into consideration current appraisal issues and advising on contingencies, in addition to assistance through the many traditional functions that a
buyers» agent per
buyers»
agent performs.
An overpriced home can scare off
buyers, not show up in search parameters, and be warned
against by
buyers»
agents.
This leaves
buyers wondering if there really is another offer that is close to theirs, or even another offer at all, a problem known as «phantom offers», and whether the seller
agent is dishonestly trying to get
buyers to compete
against themselves.