Legal Question in Real Estate Law in Ohio
sales contract
can a buyer be charged with a felony for not going thru with a sale. I am being told by the real estate agent I can be
2 Answers from Attorneys
Re: sales contract
A breach of contract is a civil matter unless some criminal act also is involved. The mere failure to perform a contract is not a crime. You may wish to advise the Ohio Real Estate Commission of the real estate agent's statement.
Re: sales contract
Dear Reader, I can't imagine on what planet your realtor is living. Barring a true criminal act, no one may be charged with a misdemeanor, much less a felony in a civil matter involving the sale and/or purchase of real property.
If you have a valid reason, based upon your Offer to Purchase, for resciniding, or not completing the purchase or sale of property, then you may avoid such sale or purchase, without fear of recourse.
It appears your "realtor" is attempting to coerce you with threats of a criminal act, and that is actionable, meaning you may now feel free to sue, or report such conduct to the State Board of Realtors for administrative action and suspension of that individual.
But, retain an experienced Attorney! Good luck. Sincerely, J. Norman Stark, Cleveland, Ohio