A state appeals court has ruled in favor of two real
estate licensees sued by a couple who claimed that the licensees had failed to make adequate property condition disclosures.
Not exact matches
Purchasers
sued the seller's real
estate licensee for negligence for failure to disclose mold in the home.
The seller's
estate sued the real
estate licensees who acted on seller's behalf in the sale of his property for breach of contract and breach of fiduciary duty.
The home purchaser
sued the sellers of the home, who were also real
estate licensees with the broker Campos & Associates Realty, for misrepresentation.
The buyers
sued the sellers and the real
estate licensees who represented them, alleging fraud and breach of contract because the sellers had known about the possibility of a sewer assessment.
The court stated that these decisions should not be construed as immunizing real
estate licensees from property disclosure lawsuits as real
estate licensees can still be
sued when they have special knowledge of an undisclosed condition that is not discovered by the buyer and which would probably affect the buyer's decision to proceed with the transaction.