Legal Question in Real Estate Law in New York

In NY if a real estate broker shows you a house; states a price; and refuses to accept a lwer bid; so you go to another real estate broker who accepts a lower bid. If I buy with the 2nd broker at a price lower than the first broker quoted, have I any liabilty to the first broker?


Asked on 4/29/10, 11:07 am

1 Answer from Attorneys
Arnold Nager Arnold H. Nager, Esquire

By law, a real estate broker is obligated to present ALL offers to the seller.

That being said, if you go through with this transaction after being shown the property by a different broker, you could very well be buying a lawsuit from the original broker.

In examining this response, please note that we are not entering into an attorney/client relationship, that this is to be taken as informative, and not as legal advice, that it is always best to speak to a lawyer in your area and/or in the area where the transaction and/or events occurred, and that my answer is necessarily limited by the fact that I have not seen the documentation or had an opportunity to go over the matters with you in detail.

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Answered on 5/04/10, 2:20 pm


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