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Can my real estate agent be held liable for breach of fiduciary duty for disclosing information to a relo co.? |
I specifically told my real estate agent that I would not be replacing the siding on my house and not to tell my relocation company that I would. The relo company made an offer and during the time that inspections were being conducted, they requested a report from the real estate agent without my knowledge. She told them in order to sell the house again within 30 days, the siding needed to be replaced, which would cost about $25k more than I can spend. They then demanded that in order to complete the offer I had to re-side the house, which I cannot afford. Because of the pending offer with the relo company, I turned down an offer for the house as it was for slightly less and now am being forced to sell for much less than either offer. Did she breach her fiduciary duty by not obeying my wishes and undermining the entire process? If this was a "dual agency" where she represented both parties, you may have waived your right to have anything kept confidential. It will boil down to the regulations of the state you are selling in. But, in principle, there does appear to be a strong conflict of interest present here. In addition, the agent should have had nothing to do with your relocation company. Depends on the state and your relationship to the real estate agent. |
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Even if he had a will, all estates must go to probate. If there are little or no assets, probate is almost a formality. ...No, fiduciary duties are imposed by law. The code of ethics is what the NAR members pledge to do. You need to study all of the areas to be successful on the exam. Contracts, finance, appraisal... What money? Even if you can prove you gave your brother money, IF your name has been removed from the new deed on refinance and unless the 'agreement' you signed gives your an ownershi... You don't say whether or not your father left a will or what it said if he did. In CA, if he died without a will and was married at the time, his wife is probably entitled to at least one-t... Contact the surrogate's court in your county for the answer. ...If the estate remains "unsettled" (you did mention unsold houses) then there is no pay out until the thing is wound up. The executor can release funds (as in "some" funds), but ... Find the policy. Beneficiary is named there. ...They are related entities. The bankruptcy trustee will take a close look at, and can void, any transactions among or between the two. In this case, it looks like Corp. 2 actually benefitted from ... |
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