Real Estate Law
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Just so I know I was clear on this.... Our listing was valid and described all real property for sale at the time. The other agent(not my firm) wrote an offer for the buyers and only wrote it up for one of the lots for sale where it eventually closed. So I have a duty still for the other agency actions ins regard of not writing the offer for 2 lots that were for sale but only one???
That's correct. Even though there is still an injuryed party here, the other firm wrote the offer for one lot. Our listing stated 2 lots and included BOTH apn numbers for reference in writing any offers which was missed or ignored by the other firms agent. This escrow was four months long and had plenty of time for discovery by the agent and buyers during escrow, signing of escrow papers, etc. Just wanted to make sure I had no obiligation of making the buyer aware of their agents mistake on the offer or something of that level or agrgument. I told the buyers sorry for your problem but you only offered to buy one lot. If it were the case they offered for two lots and only got delivered one lot that would be a different story all together. You got what you paid for is what were saying here?? Correct?? Even if value of the lot is less than consideration they paid? Just closing doors and loop holes here. Thank you
What is the fee for a letter??
The reasons of my concern were the first two sentences of the agency disclosure to both buyer and seller as a selling agent.
A. Diligent exercise of reasonable skill and care in performance of the agents duties
B. A duty of honest and fair dealing and good faith.
Just wanted to make sure these didn't apply in this situation or could be influxed some how. Thank you were almost done I think.
I see.... those apply if my agent did something to cause the one lot purchase... but he didn't so he handled himself accordly. My file is nice and tight and clear on this one so I know there was no influence from my side to create the issue.
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