Real Estate Malpractice
What is Real Estate Malpractice?
Real estate malpractice is a relatively unknown aspect of malpractice law, but in a time of housing turmoil, one that's growing in demand.
Real estate agents are professionals who have a fiduciary responsibility to their clients - which now legally includes buyers as well as sellers with the increase in buyer agent and brokers. In a volatile housing market, the question remains open to debate over how much responsibility real estate agents are liable for.
Areas in which real estate malpractice can be argued:
- Failure to work in the best interest of the client
- Failure to carry out lawful instructions of the client
- Failure to fully disclose any issue affecting safety, desirability, or value of the home
- Breach of confidence
- Theft or fraud
Most cases of real estate malpractice focus on physical issues surrounding a real estate purchase. Most include known health issues, safety hazards, and/or maintenance issues. However, recent cases are now bringing home values into question.
If you believe you're real estate agent or broker hasn't performed to a basic standard of care, consult a local malpractice attorney. Real estate malpractice is a serious and emotional issue. Your malpractice lawyer is a professional, objective third party who works with your to save your property and your rights.
Malpractice Term of the Day
Occurrence Coverage
Occurrence coverage is an insurance policy which allows for insurance coverage for an injury or loss which occurs within the coverage period, regardless of when the injury claim is reported to the insurance company.Category: Malpractice
Latest Malpractice Question
What does it mean if a court dismisses a case without prejudice?
Malpractice cases dismissed without prejudice may be able to be re-filed.Category: Malpractice
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