Real Estate Broker Lawsuits and Cases
Real estate broker lawsuits and cases arise, because real estate agents and brokers have duties both of a contractual nature as well as of a loyalty or fairness nature (where they have a relationship of trust, sometimes referred to as a “fiduciary duty”). As an example of a real estate broker lawsuit, our firm represented a real estate investor who owned a few tracts of undeveloped land on which he wished to build homes for sale. He approached a broker with an inside tip, that a landowner who lived in China would be willing to sell for a much cheaper price if there was a cash offer, and the broker agreed to represent him in the purchase. Without the client’s consent, the broker made her own bid on the same property, on a cash basis. The firm pursued the broker for the lost profits of $100,000 as well as for fraud damages. During trial, the parties settled for $200,000.
Real estate broker lawsuits and cases are common and occur all the time. Real estate broker lawsuits arise from a wide variety of situations and circumstances, like the one described above and others. Our firm has the experience needed to win these types of real estate broker cases for you.
If you have a case and possible lawsuit similar to these, contact Ken Ralidis at 213.251.5480 today to see how he can help you get the compensation you deserve. We have often obtained results for our clients that are 10-25 times what the initial offer was. Don’t just settle for any attorney that may not have the experience, or a big law firm that doesn’t have the time or resources for a case like yours. Reach out to Ken Ralidis for his experience and the personal attention he offers. We can help you win your case!