Articles from May 2014

WHEN A BROKER IS THE DUAL AGENT OF BOTH THE BUYER AND THE SELLER IN A REAL PROPERTY TRANSACTION, THE SALESPERSONS ACTING UNDER THE BROKER HAVE THE SAME FIDUCIARY DUTY TO THE BUYER AND THE SELLER AS THE BROKER.

Thursday, May 29th, 2014

In a dual agency transaction, where the buyer and seller were represented by sales agents working under the same broker, the listing agent owed a fiduciary duty to the buyer and could be held liable for failing to advise the buyer to verify the accuracy of conflicting information on the square footage of the property. Horiike v. Coldwell Banker Residential Brokerage Co., 169 Cal.Rptr.3d 891 (2014)

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