Can real estate agents be sued by people that later conclude they purchased homes at inflated prices? Apparently, yes! We'll see how the case is decided, but the NYTimes is reporting that a Carlsbad, California woman has sued her buyer agent for failing to inform her that the property she purchased at the peak of the housing boom was worth substantially less. Before filing her lawsuit, the angry homeowners spent a year picketing the local ReMax agency.
I suspect we'll now hear of many more such cases.
I'm wondering what folks believe are--or should be--the responsibilities of buyer agents to clients in terms of home valuations?
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