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Common Reasons To Sue A Real Estate Agent

When real estate brokers fail to perform their obligations or cause injury to others, they are frequently sued, and this could happen if the agent is held liable for revealing property defects to the buyer. Other real estate brokers are facing civil lawsuits for committing fraud and schemes that affect buyers and sellers.

When a professional fails to properly complete his or her work or participates in fraudulent behavior, real estate dealings frequently enhance the likelihood of litigation. Accidents, as well as other dangers that could lead to a lawsuit, must be avoided. Failure to recognize and advise items on a contract with the buyer or seller, breaches of contracts, and negligence are some of the activities that could result in a civil complaint. Knowing what to look for and what to avoid might help a real estate agent avoid civil lawsuit for the most common reasons they are sued.

Failure to Identify and Advise

During a walkthrough or evaluation of a home, the real estate agent has an obligation to explain and provide specifics for any faults that are discovered. Before signing the closing agreements, it is critical that the buyer or seller understands these issues. Otherwise, the buyer or seller may sue the agent for damages incurred as a result of the problem. The buyer may require funds to remedy flaws and damage, while the seller may frequently sue the buyer’s agent if the buyer seeks to sue him or her or needs to obtain monies from the seller. In these cases, a lawyer is frequently involved from the start.

A Contractual Breach

In real estate deals, timelines and specifics are crucial. The buyer or seller may lose out on the agreement if the agent fails to furnish details or fails to meet the hard deadline. Some real estate brokers fail to complete the necessary tasks under the contract’s conditions, which can cause further problems for the buyer or seller. If the real estate agent fails to follow the terms of the contract, the client may pursue legal action against him or her. Other possible violations include negligence, a breach of duty, and even fraud when combined with a contract breach.

 

The contract will usually detail what the real estate agent must do and when they must do it. If the agent violates the terms of the contract, the buyer or seller may sue the agent, but this may cause the agreement to fall through. The agent’s activities may have an impact on both the buyer and the seller at the same time. The agent could also misplace documentation, divulge personal information to a third party, or employ insecure methods that allow a hacker to steal or copy the data. In these cases, the real estate agent is usually the one who bears the brunt of the consequences if the buyer or seller suffers financial loss.

The Real Estate Agent’s Irresponsibility

If the age fails to perform his or her responsibilities as required by the buyer or seller, he or she may be sued for negligence. It’s critical to approach these responsibilities with caution and to guarantee that no problems go overlooked. The buyer or seller may employ a lawyer to pursue a claim if the client believes the real estate agent knew about an issue but did not say anything or take action. The client may claim that the situation contained fraud, but there is typically no proof. However, this might still result in a lengthy and costly court case.

Failure to Inform

While the seller or buyer is normally solely responsible for revealing faults in a real estate transaction, the real estate agent may also be held liable in cases when disclosures are not made. An agent may find a flaw during a walkthrough or inspection of the property. The agent may become accountable for not sharing the matter if he or she does not tell anyone or keep the matter hidden. While establishing this in court is difficult, it does complicate the sale and may result in a bad impact on the real estate agent as a result of the litigation.

Real Estate Agent Lawsuits: Legal Assistance

When a plaintiff is harmed as a result of a real estate agent’s actions, he or she may need to employ a lawyer and file a lawsuit against the professional. The lawyer must determine if the claim is valid.

Real Estate Expert Witness Services by Craig Cherney, Esc.

Craig Cherney is a trusted client advisor and a sought after real estate expert witness who is hired by the nation’s top Real Estate Litigation Attorneys to help resolve their litigated real property matters.  Craig has appeared as a testifying expert witness before judges and juries in California, Arizona, Nevada and other jurisdictions across the country. Craig Cherney, Esq. Expert Witness Real Estate480-399-2342.

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