Finding out that your trusted real estate agent has lied to you can be devastating. If you have suffered damages as a result, it's important to know that the agent can be held accountable. Hiring a real estate lawyer to help you file a lawsuit against the misleading or dishonest agent is a crucial first step. At Whitney, LLP, our experienced attorneys have successfully held real estate agents responsible for their lies.
Understanding Your Rights
You may be wondering what your rights are if a real estate agent lies to you. The answer depends on the nature of the lie and your ability to prove that you were misled. In general, real estate agents on both sides of a transaction have a duty to disclose all material facts to the buyer. Unfortunately, some agents fail to uphold this duty.
One area where real estate agents must tell the truth is in disclosing defects in the property you are buying. As a buyer, you rely on others involved in the sales process to provide you with accurate information. Knowing the condition of the property is essential to avoid any unexpected expenses in the future.
Real estate agents can also lie about other critical factors, such as the presence of other offers on the property and their prices. However, it's important to note that the buyer's agent has a fiduciary duty to their client, meaning they must tell the truth. When they fail to fulfill this duty, they can be held liable in a civil lawsuit for negligence, misrepresentation, fraud, or breach of fiduciary duty.
Seeking Compensation
If you can prove that your real estate agent lied and it resulted in damages, you may be entitled to financial compensation. This compensation aims to place you in the same position as if the agent had never lied to you. Additionally, if the lie amounts to fraud, you may also be eligible for punitive damages.
To establish the agent's lie, it is crucial to consult with an experienced real estate lawyer who can help gather and present the necessary evidence. Your attorney will work closely with you to understand the details of the situation and build a strong case against the agent.
Maryland Real Estate Lawyers Fighting for Justice
If you have fallen victim to a dishonest seller, real estate agent, or termite inspection company in Maryland, our team at Whitney, LLP is here to help. Contact our real estate lawyers at 410 583 8000 or use our Online Quick Contact Form to schedule a legal consultation.
We proudly serve homebuyers throughout Maryland, including Baltimore, Columbia, Germantown, Silver Spring, Waldorf, Frederick, Ellicott City, Glen Burnie, Gaithersburg, Rockville, Bethesda, Dundalk, Towson, Bowie, Aspen Hill, and Wheaton.
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