SUING A REAL ESTATE BROKER WHAT YOU NEED TO KNOW

Image Credit : Pexels

Understand the Grounds for a Lawsuit

Ensure your case falls within Common reasons like fraud, breach of contract, negligence, and misrepresentation

Review Your Contract

Carefully review the contract you signed with the broker. It will outline the broker’s duties and any clauses related to dispute resolution or litigation.

Gather Evidence

Collect all relevant documents, emails, texts, and any other evidence that supports your claim. This includes contracts, transaction records, and communication logs

Consult an Attorney

Seek advice from a real estate attorney who can assess the strength of your case, explain your legal options, and guide you through the process.

Consider Mediation or Arbitration

Many real estate contracts include a mediation or arbitration clause. These methods can be quicker and less expensive than going to court.

File a Complaint with the Real Estate Commission

Before suing, consider filing a complaint with your state’s real estate commission.

Know the Statute of Limitations

Legal claims must be filed within a specific time frame, known as the statute of limitations. This varies by state and type of claim

Prepare for Legal Costs

Lawsuits can be costly. Be prepared for attorney fees, court costs, and other expenses.

Understand Possible Outcomes

Be aware that the lawsuit could result in different outcomes: a settlement, winning the case, losing the case, or having the case dismissed

Be Ready for a Lengthy Process

Litigation can be a lengthy process, often taking months or even years to resolve. Patience and persistence are crucial.