Q: Knowingly misrepresenting the facts and then signing a legally binding contract constitutes fraud in other professions.
A: But even if you could convince a court that fraud occurred, you don't have any recoverable damages
since you discovered the fraud prior to the sale. Again, the fact that you liquidated assets and took a $30,000 loss in doing so is not a foreseeable damage. Foreseeability is essential in recovering damages in a lawsuit. Theoretically, you may prevail in a lawsuit for reimbursement of an inspection fee and a mortgage application fee, as those are foreseeable damages.
Q: To my understanding, real estate agents are licensed professionals. Is there any entity that oversees their professional conduct where we can report this agent to, in hopes that he will not continue this unethical conduct?
A: Yes. You can file a complaint at THIS WEBSITE
. It provides the necessary form and gives information about the process. The agent may be disciplined, such as suspending the agent's license.
I hope that helps. Please let me know if you need further clarification. Thank you for using our service, and again I'm sorry that I could not give you more positive news.