Potential Grounds to Sue a Real Estate Agent

When buying or selling a home, it’s generally best to use a real estate agent. A professional knows the market and the business and can help you find the home you’re looking for or a buyer for the one you are selling. Things can go wrong and you may have grounds to sue your agent.

Suing for Negligence

If your agent fails to inform you of a problem with the home you are purchasing or does not perform an inspection before you sign the closing documents, that constitutes negligence. This is one of the most common real estate lawsuits.

Breach of Contract

Your agent will draw up a contract detailing the terms of your business arrangement and what is to be expected. Any failure to live up to any part of the contract is a breach.

Failure to Disclose

It is the responsibility of both the seller and the agent to thoroughly inspect the home and the property for any flaws. Should problems be found, they must be stated in the listing agreement. If they do not appear in the agreement, that is a failure to disclose and is a sueable offense.

Real estate agents are vital to buying and selling property. They know how to handle every aspect of the process. It’s important to know what that process is and when you can sue an agent.