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Real Estate & Property Law

: Closing Real Estate in Chicago

And the Lawsuits Begin...

By Peter Olson, Esq.

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Saw this article over the weekend...it describes a lawsuit brought by a California couple against their real estate agent seemingly for breach of his fiduciary duty in allowing the couple to purchase a house that wasn't worth what they paid for it. It seems the suit originally included the mortgage broker and appraiser but they've both settled.

My questions would center around the role and expected skills/knowledge of a real estate agent. This isn't an appraiser. The Plaintiff sounds like a "peach" of a client and hey Defense lawyer why are you letting your client be interviewed for the article??

Full post as published by Closing Real Estate in Chicago on January 22, 2008 (boomark / email).

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