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.
Not exact matches
As NHL Commissioner Gary Bettman leads the NHL into its latest war of revenge
against Jerry Moyes for trying to recoup his losses by attempting to sell the Phoenix Coyotes to the outlaw
buyer, Jim Balsillie, it is well to remember that his triumph in the
courts over the now three time loser didn't change one ugly fact: the Phoenix Coyotes still lose huge sums of money every year.
Exxon this week hit back
against the California lawsuits in a filing with a Texas state
court pointing out none of the cities disclosed such risks to bond
buyers and arguing the lawsuits were politically motivated and linked to cases brought by the states of New York and Massachusetts.
Granted, a case could be made for fraudulent conveyance, but try proving that in the
courts against the private
buyers» legal team.
I would advise clients to always obtain their own inspection report as I believe there was an Ontario
court ruling some years ago that a
buyer can not rely on an inspection report prepared for a seller and therefore there is no recourse
against the inspector and no fiduciary duty required from the sellers inspector.
The
buyers may lose their deposit, which hurts, but not as much as a
court ruling
against them.
Represents Malagasy groups (commodities traders) in their disputes
against buyers, brought before French and international arbitration
courts
Insight A
court recent ruled that a tolling agreement, when entered into between companies that intended to merge, violated the Hart - Scott - Rodino Antitrust Improvements Act of 1976, leading to the imposition of significant financial penalties
against the
buyer, according to Hogan Lovells.
The trial
court decided that the defects were disclosed to the
buyer and dismissed his case
against the brokers.
The Sellers settled their lawsuit with the
Buyers, and the trial
court dismissed the allegations
against the Brokerage and Hopkins.
The
court ruled that the Broker's confidentiality policy was contrary to the purpose of the property disclosure law and that the
Buyer had sufficiently alleged a cause of action
against the Broker for its failure to disclose the information from the earlier transaction.
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.
First, exclusive
buyer agency agreements are contracts that are enforceable in a
court just as listing agreements are enforceable
against sellers.
You seem to portray sellers as demonic info vacs that will use any and all statements the
buyers say
against them in a
court of law (jokingly).
The trial
court had found that while the Appraiser and Lender may have acted with conscious disregard of the false statement made to the
buyers, there was no evidence that they had actual knowledge of the Beeman's fraud and so the trial
court did not submit the punitive damage claims
against the Appraiser and the Lender to the jury.
The
Court of Appeals of Wisconsin addressed several claims
against a seller's broker stemming from the
buyer's subsequent discovery of contamination from a previously - leaking underground storage tank.
I would advise clients to always obtain their own inspection report as I believe there was an Ontario
court ruling some years ago that a
buyer can not rely on an inspection report prepared for a seller and therefore there is no recourse
against the inspector and no fiduciary duty required from the sellers inspector.
In LA & N Interests, Inc. v. Fish, the
Court of Appeals of Texas addressed claims of breach of contract, tortious interference with contract, and conversion by a
buyer's brokerage and its sales associate
against a
buyer and a competitor brokerage.
An Ohio appellate
court has considered whether a
buyers» lawsuit
against a listing broker over flooding on the property could proceed when then property was sold «as - is» and the
buyers knew of the potential for flooding on the property.
The district
court noted that the FHA prohibits: (1) discrimination in the sale or rental of a dwelling; or (2) discrimination
against any person in the terms, conditions, or privileges of sale or rental of a dwelling — because of a handicap of the
buyer or renter, or a person residing or intending to reside in that dwelling.
Court of Appeals of Georgia addressed a commission dispute by a broker
against the
buyer and seller of property.
In Hagans v. Woodruff, the
Court of Appeals of Texas addressed a
buyer's allegations of negligent misrepresentation and violations of the Texas Deceptive Trade Practice Act (DPTA)
against a broker.
The
court affirmed the dismissal of all defendants except the
buyer,
against whom it affirmed the finding of fraud and award of $ 171,000 actual damages and $ 150,000 punitive damages.
In Mahler v. Keenan Real Estate, Inc., the Supreme
Court of Kansas addressed allegations of fraudulent and negligent misrepresentation by a
buyer against a vendor and a brokerage firm.
A Georgia
court has considered a
buyer's lawsuit
against the seller and the listing broker over the misidentification of a property in a listing.
In Newell v. Krause, the Supreme
Court of Kansas addressed a broker's claims of fraud
against a
buyer, a seller, and related corporations.
Next, the
court considered the allegations
against the
Buyer's Representative.
Therefore, the
court sent the negligent misrepresentation and breach of fiduciary duty allegations
against the
Buyer's Representative back to the trial
court for consideration by a jury.
Two
courts have considered whether a lawsuit can be brought
against a
buyer's representative who is compensated by a seller's broker alleging violations of the federal Residential Lead - Based Paint Hazard Reduction Act of 1992 («Act»).
A
buyer brought a claim for negligence
against the appraiser and the
court dismissed because
buyer had accurate information prior to closing.
In response to a certified question propounded by a federal
court, Montana's highest
court considers whether the state's license laws allow a
buyer's representative to represent clients who are bidding
against each other for the same property.
A New York appellate
court has considered a
buyer's representative's lawsuit
against the seller of a property and the listing broker over the seller's cancelation of the purchase transaction, costing the
buyer's representative a commission.
After the
court dismissed the claims
against the appraiser and the broker, the
buyer appealed those rulings.
A Maine federal
court has considered whether a seller of a vacation home can successfully allege fraud
against a broker when the only remedy sought by the seller was rescission of the purchase agreement between a
buyer and seller.
However, the
court found that the
Buyer's breach of fiduciary duty and negligent misrepresentation allegations
against the
Buyer's Representative should have been considered by a jury, and so sent those allegations back to the jury.
Prior to severing, the
court dismissed some of the
Buyers» allegations, and so the only remaining allegations
against the Brokerage were antitrust allegations (federal and state) and violations of the state's consumer protection act.
South Dakota
court rules that
buyer's claims
against representative over information about utilities was not barred by the statute of limitations.
Prior to dismissing the class action lawsuit, the trial
court severed Curtis and Gwendolyn Blough's («
Buyers») lawsuit
against the Brokerage and allowed it to proceed as a stand - alone lawsuit.
An Illinois
court has considered whether a brokerage could bring a lawsuit for fraud and conspiracy
against lender and
buyers for failed transactions.
A Colorado appellate
court has reversed a trial
court's award of defense costs to a real estate brokerage to be paid by brokerage's seller client, arising from a
buyer's lawsuit
against both the seller and the brokerage.
Thus, no misrepresentations were made by the Salesperson and so the
court ruled in favor of the Salesperson and Brokerage (and also dismissed the cross-claim made
against the
Buyer's Representative, as those claims no longer had any basis).
An Illinois appellate
court has considered whether
buyers» lawsuit
against a listing broker for incorrectly identifying a property's school district could proceed.
The Supreme Judicial
Court of Massachusetts addressed allegations by
buyers against a vendor bank for fraud and violations of the business practices act.
In Mouning v. Carswell, the Superior
Court of Connecticut addressed allegations of fraud, negligence, and breach of contract by a
buyer against a broker.
In a case previously summarized in The Letter of the Law, a federal
court has considered whether a
buyer's allegations could proceed
against a listing broker for negligent misrepresentation when the listing broker failed to disclose the presence of lead paint on the property.
A Georgia appellate
court has considered a
buyer's lawsuit
against her real estate representative and the listing broker concerning their alleged failure to help her discover a gas leak in the house she purchased.
Therefore, the
court ruled that the only commission claim that the
Buyer's Representative could bring would be a claim
against the listing broker, not the Seller, and so dismissed the lawsuit
against the Seller.
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).
The
court affirmed the dismissal of the fraud allegations
against the
Buyer's Representative because the
Buyer had not properly plead those allegations.
A South Carolina
court has considered whether a seller's failure to provide a completed disclosure form to the
buyer gave the
buyer a cause of action
against the seller and the real estate brokers.