Legal Question in Real Estate Law in Florida

Unethical Standard Practices

We were preapproved for a loan to puchase a home. We picked out the home. Our agent put our offer in to the listing agent who told us that we need to close the deal through their broker per the owner's request. We had already been preapproved and didn't feel we needed to go through their broker. In speaking with the owners' they never said a buyer had to close with them. Due to the brokers strict guidelines, we could not get a loan through their broker and was told we can't get the house. The owners accepted our original offer but had questions about the closing, we turned in a 2nd offer which they never sent to the owners. Now the listing agent says they have another offer and we will be 2nd if they don't come through. Do we have any legal recourse? Please advise. Thank you


Asked on 9/12/07, 12:29 pm

1 Answer from Attorneys
Scott R. Jay Law Offices of Scott R. Jay

Re: Unethical Standard Practices

NOTE: This communication is not intended as and should not be interpreted as legal advice. Rather, it is intended solely as a general discussion of legal principles. You should not rely on or take action based on this communication without first presenting ALL relevant details to a competent attorney in your jurisdiction and then receiving the attorney's individualized advice for you. By reading the "Response" to your question or comment, you agree that the opinion expressed is not intended to, nor does it, create any attorney-client relationship, nor does it constitute legal advice to any person reviewing such information, nor will it be considered an attorney-client privileged communication. If you do not agree, then stop right here, and do not read any further.

If you believe that the real estate brokerage firm did not act properly you can file a complaint with either of two sources or both. The first is the Board of Realtors in the county/city in which you are located. The second would be the Florida Real Estate Commission (FREC) which oversees all licensed salepersons and brokers throughout Florida.

Scott R. Jay, Esq.

Read more
Answered on 9/12/07, 12:41 pm


Related Questions & Answers

More Real Estate and Real Property questions and answers in Florida