Real Estate

A real estate agent has multiple duties that they are legally obligated to carry out. If they breach these duties, they can be subject to legal action from their clients. The following is a brief outline of the fiduciary duties that a real estate agent is obligated to perform, and what failure to perform these duties looks like. Duty of Confidentiality A real estate agent is trusted with a...

What do you do if you experience seller’s remorse after making a real estate deal? Can you back out? The answer is dependent on your individual circumstances. Book Your Free Consultation When Can a Seller Terminate a Contract? There are many reasons why a seller may come to regret their decision after signing a contract to sell their property, such as rethinking the price, finding a more...

If you have made a real estate transaction or are in the process of making a real estate transaction with the help of a real estate agent, and you feel that you have been mistreated, it could be that your real estate agent is negligent. Speak to a Lawyer Today   What is Real Estate Agent Negligence? Negligence can come in a variety of forms in this context, such as a real estate agent...

Buyer Beware Many people know that the doctrine caveat emptor, which means “let the buyer beware,” is applicable to real estate transactions. This means that, for the most part, it is the purchaser’s responsibility to identify any issues with a given property by having it properly inspected and inquiring about the condition of the property/structure that they are buying. However, the seller...

What is a Contract of Purchase and Sale? When one party sells a piece of real estate to another party, they enter into a Contract of Purchase and Sale, commonly known as a CPS. This is a contract that stipulates what is required of both parties in order to complete the transaction. If these requirements are not met, the CPS is considered breached and the sale does not go through. Oftentimes...