The Brockmeier Law Group (BLG) opened its doors in 2009. We began with the commitment of personalized contact, focusing on each client’s individual goals while advocating to maximize their recovery. This emphasis has awarded BLG an opportunity to succeed in a variety of litigation and settlement cases. Brockmeier Law Group meets the standard of excellence in all cases. We know what it takes to get the results our clients need. We are hard at work, every day, doing just that.
Irvine Real Estate Broker Liability Attorneys
Real estate brokers are held to high standards of care and their liability is increased with each agent they employ. When a broker is hired by a seller, he/she is agreeing to use good faith efforts to sell the real property in exchange for a commission. A listing agreement can be open, net, exclusive agency, or exclusive right to sell.
Brokers are exposed to liability in a number of different ways during a real estate transaction. Real estate brokers are under a general duty to supervise their agents and may be liable for any of their actions. This liability can include non-disclosure by the agent or the broker, misrepresentation, breach of duty, or inadequate record-keeping. When a real estate transaction goes wrong, the broker and real estate agent are usually the targets of a lawsuit, in addition to the seller and/or buyer in the deal, depending on the facts of each case. Brokers and their companies are considered fiduciaries in California, even if they obtain “dual representation” of both the buyer and the seller – a practice this not permitted in many States.