I've hired an attorney and I'm considering
a lawsuit against the broker to cover my costs.
Not exact matches
Subjecting
brokers to a fiduciary duty, a standard that now applies to professional money managers, will lead to more
lawsuits against the industry and add burdensome compliance requirements, industry groups argue.
The US Commodity Futures Trading Commission (CFTC) has filed a
lawsuit against offshore forex
broker Tallinex for accepting clients from the US without having a license.
Lawsuits against lawyers, accountants, officers and directors,
brokers, trustees and other professionals are filed with increasing frequency in the courts of California.
A couple months back, we had a funny story about a
lawsuit filed
against Faraday Future for allegedly failing to pay a
broker it hired to coordinate a $ 1.5 million sale of the website ff.com.
The difficulty with any
lawsuit (whether brought by a
broker or a consumer
against an MLS or brought by a
broker or an MLS
against a publisher) is proving damages.
When the borrower did not receive the loan she sought, she brought a
lawsuit against the mortgage
broker, alleging violations of the federal Truth in Lending Act.
They launched several
lawsuits against the property owner,
against a party to whom they thought they were lending,
against their own lawyer and
against the friend / mortgage
broker.
A federal appellate court has ruled that a consumer can't bring a
lawsuit based on the federal Truth in Lending Act
against a mortgage
broker.
In connection with their negligence
lawsuit against the friend /
broker specifically, the court found that his liability hinged on the difficult question of whether there was evidence to show that, at the time the mortgage was being negotiated, there was insufficient value in the property to adequately protect them — in other words, that the property was overvalued at the time the friend /
broker urged them to invest.
In 2005, REAL brought a
lawsuit to enforce the Patents
against a real estate
broker in Pennsylvania - click here to read a summary of the earlier case.
An Ontario Superior Court judge has dismissed Toronto real estate
broker Fraser Beach's
lawsuit against the Toronto Real Estate Board (TREB), ruling that TREB was justified in suspending Beach's access to its MLS database after the
broker downloaded thousands of listings onto his brokerage's public website.
Subsequently, the seller filed a
lawsuit against Maki claiming, among other things, that the
broker had breached fiduciary duty to the seller by making false representations regarding the buyers» ability to obtain financing and by misrepresenting the operation and effect of the home inspection contingency.
The owner claimed the
broker's failure to inform him of the
lawsuit caused the entry of default judgment
against him.
The Buyers brought a
lawsuit against the listing
broker («Listing
Broker»), alleging that they had a duty to disclose that the property had not been cleaned up.
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.
A Massachusetts appellate court has considered a potential class action
lawsuit brought
against a
broker by former salespeople alleging that they were misclassified as independent contractors.
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.
The U.S. Department of Justice
lawsuit against NAR threatens to undermine
brokers» ability to control the use of their listing data by other
brokers online and thus discourage
broker cooperation; again, consumers would be the losers.
A federal court has considered how the United States Department of Housing and Urban Development's («HUD») recent clarification of its 1999 Statement of Policy affects a class - action
lawsuit brought
against a lender alleging RESPA violations for its practice of making yield - spread payments to mortgage
brokers.
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»).
The U.S. Department of Justice's Antitrust Division filed a
lawsuit against the National Association of Realtors (NAR) on Sept. 8, challenging a policy that it says «obstructs real estate
brokers who use innovative Internet - based tools to offer better services and lower costs to consumers.»
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.
A Florida appellate court has considered whether a purchaser's
lawsuit adequately stated claims
against a listing
broker for failing to disclose latent defects on the property.
A California court has considered whether a
broker could successfully bring a
lawsuit against seller's husband for damages because of the husband's interference in the contractual negotiations.
An Illinois appellate court has considered whether buyers»
lawsuit against a listing
broker for incorrectly identifying a property's school district could proceed.
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.
A Georgia appellate court has considered a salesperson's
lawsuit filed
against a
broker for the
broker's alleged violation of the Bankruptcy Code for terminating her allegedly because of her bankruptcy discharge.
A Tennessee appellate court has considered a
broker's
lawsuit against a seller which sought to collect a commission from a sales price which was below the amount of the listing agreement.
In 2005, the U.S. Department of Justice brought an antitrust
lawsuit against the National Association of Realtors for its anti-competitive policies that were designed to exclude lower - cost online real estate startups from competing with traditional
brokers.
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.
The Developers filed a
lawsuit against the Salesperson and his
broker, alleging that the Salesperson had misrepresented the development possibilities of both properties.