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The answer is maybe, but it depends.
If your agent was negligent in her advice, then you likely to have a valid lawsuit. However, simply being wrong does not make one necessarily negligent.
In other words, if her advice was reasonable under the circumstances, then you don't have the basis of a lawsuit, since just being wrong isn't enough to make out a negligence claim.
If, however, a reasonable agent would not give the same advice, then you may well have a case. In order to make that determination, you will need to see a lawyer, who will engage a neutral real estate expert to evaluate the agent's advice and the circumstances of the market, etc.
At that point, you will have a better idea of the validity of the case.
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