Real Estate/Development
Oct. 9, 2010
Court Expands Liability for Brokers
Further tightening the reins on real estate brokers amid the housing bust, a state appellate court held that brokers for sellers have a legal duty to tell buyers about mortgage problems that might prevent sales from closing.
Daily Journal Staff Writer
SANTA ANA - Further tightening the reins on real estate brokers amid the housing bust, a state appellate court held that brokers for home sellers have a legal duty to tell buyers about mortgage problems that might prevent sales from closing.
The ruling raises another caution flag over the popular short-sale market, where distressed homeowners try to sell their over-mortgaged hom...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In