A buyer depended on his agent’s information that the property the buyer is considering making an offer on is in a tax area of the lowest taxes in the city. Based on that information, an offer was made. Before the transaction closed the buyer found out the taxes in that area are some of the highest in the state. The buyer may seek to rescind the contract based on

Related Articles

An agent had an exclusive right to sell listing agreement with a client on a home listed for $100,000. The agent knew that the seller would actually take $92,000 for the house due to the seller being under duress. During an open house, a buyer came to view the property. The potential buyer loved the house but could not afford more than $90,000. The agent encouraged the buyer to submit an offer. The agent also informed the buyer to offer $90k because she knew the seller would accept $92,000. Did the agent violate her agency relationship with the seller?

Terms of Service