Update: Could It Happen Here?
Posted by Craig Pilgrim on 23 April 2008
Just a quick update on a post I wrote back in January entitled “Could It Happen here?”…
In that post I used an article about a couple from California suing their real estate agent (alleging he mislead them, withheld information, and ultimately caused them to pay too much for their home) to make people (i.e. others in my industry) think about what they are doing when they represent their clients and to point out to other people (i.e. the consumer) that there are a number of fiduciary duties owed to them and they need to be confident their chosen REALTOR® is fulfilling their mandate when representing them.
Now to the update portion of this post…
Last Thursday the jury in the case referenced in the post above took less than two hours to render their verdict: the real estate agent in question “…had not breeched his responsibility to the couple as their agent, nor had he been negligent.”
You can read the article in its entirety here:
Jury clears real estate agent: Panel rejects claims from unhappy home buyers
And remember, ”The Agent must act solely in your best interests, must always put your interests above the Agent’s own interests and above the interests of other parties”.
///…CP
