Real Estate/Development
Apr. 29, 2003
Court Decision Expands Broker Liability
BY BRIAN R. DAVIS Despite a number of efforts and arguments to extend residential disclosure duties to commercial property transactions, the doctrine of caveat emptor continues to protect the commercial real estate seller and broker.
Despite a number of efforts and arguments to extend residential disclosure duties to commercial property transactions, the doctrine of caveat emptor continues to protect the commercial real estate seller and broker.
On Jan. 22, the U.S. Supreme Court reversed the 9th U.S. Circuit Court of Appeals decision in Meyer v. Holley.
In Holley, the 9th Circuit extended traditional vicarious liability principles to the owners and of...
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