Legal Question in Real Estate Law in California
During my shortsale...My Listing Agent did not disclose to me or the lender that the buyer was her business associate and fellow investor. It was discovered, after the close of escrow, that 2 other buyers had approached my Agent with interest in the property. Those buyers were told a buyer was already indentified and additional offers were not being considered. Although my Agent's buyer was represented to us as an acquaintance who dearly loved the home, the buyer eventually flipped the house for over $100,000 6 months later (My Agent was the Listing Agent in that transaction as well). To me, this was unethical practice. But was it illegal??
2 Answers from Attorneys
Contact the BRE with your facts. THe failure to disclose is almost certainly a breach of the duty of the Broker to you.
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I asked a question yesterday, is it to soon for an answer? Asked 1/07/15, 8:28 am in United States California Real Estate and Real Property
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