When a home
Seller is counselled to offer a lower
than average amount of selling commission to a Cooperating Brokerage, are they being advised as to how this may possibly interact negatively with a prospective Buyer's «Buyer's Agency Contract», and if so, why would such a
Seller agree to proceed as such — especially, if they've been made aware of any discounts that may apply to their List Price, later, as a result of extended market time?The aforesaid is fundamental to a fiduciary responsibility — yet, I believe that most Provincial Regulatory Authorities would be reluctant to prosecute such a
negligent Registrant or Practitioner because the accused would hide behind the argument they were being wrongly persecuted for offering a «competitive business model»!
With the new inspection report in hand, the couple determined with the help of a contractor that it would cost more to repair the property
than to rebuild, so they sued, charging the
sellers with fraudulent concealment and
negligent misrepresentation.