Brockmeier Law Group first opened our doors in 2009, in the height of the Great Recession, when other firms were laying off workers and trying to find a way to continue the legal practices they had before the market changed. We began and continue to serve our clients with the same recipe of personalized contact and an eye towards both the recovery for each of our clients, and keeping an eye on each clients individualized goals in their cases. We handle a variety of cases and clients both in litigation and contract drafting in negotiation – so we know what it takes to get desired results for all of our clients.
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.