Sell Real Estate Breach of Contract

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FAQ

Can you sue a realtor for breach of contract?

One of the most common lawsuits brought against real estate agents is for breach of duty. ... Real estate agents are held to a high standard of honesty and full disclosure. Any breach of this duty, whether from negligence or intentional action, is subject to the risk of a lawsuit.

What happens if you default on a real estate contract?

A default in a real estate contract happens when one party to the contract fails to fulfill the terms of the agreement. It is not a crime to be in default of a real estate contract. However, the party found to be in default can be sued in court for failure to perform and for damages resulting from defaulting.

What is breach of contract with examples?

For example, if the contract specifies the sale of a box of tennis balls and the buyer receives a box of footballs, the breach is material. When a breach is material, the nonbreaching party is no longer required to perform under the contract and has the immediate right to all remedies for breach of the entire contract.

What are the remedies of buyer when seller is in breach of contract?

Fortunately, the home buyer has certain remedies available if a seller wrongfully fails or refuses to perform the obligations under a contract for the sale of real property, including: money damages for breach of contract. termination of the contract and return of the deposit, plus payment of reasonable expenses, and/ ...

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