A New Jersey appeals court has decided that a listing broker’s initial failure to inform the sellers that the broker’s husband was the buyer of a property doesn’t void the purchase contract since the sellers knew about the relationship before signing.
A Florida court will hear a suit by a former owner of four condominium units in a building against other building residents who placed For Sale by Owner signs in their windows on the day his units were being sold at auction.
The Third Circuit has become the third federal appeals court to hold that a lender could violate the Real Estate Settlement Procedures Act by charging consumers higher fees for a service than it paid a third-party company when the lender provided no additional service.
A California appellate court ruled that the sellers of a home with a history of flooding problems did not misrepresent and conceal material facts to the buyer about the history of flooding on the property even though they didn’t mention every time the house had flooded.
A New Jersey appellate court has ruled that a real estate salesperson is not liable for a contractor’s failure to find problems with a property's septic system, even though the contractor was chosen by the salesperson.
A Louisiana appeals court has ruled that a real estate brokerage may be liable for a “For Sale” sign placed on the wrong property by one of its salespeople if that salesperson is an employee of the company and not an independent contractor.