Advice needed on selling
Question: Can he really sue us for this? There was nothing mentioned about this in offer letter that was signed by him and the owner. If he does bring a suit (and has no case to win) will there be a hold on the lot until the court gives its decision?
Answer: This is a legal question. I am not a lawyer.
If a real estate broker advertises a property, he is not promising to sell a property at that price, he is suggesting that under the right terms, the seller will sell the house for the listed price. The seller is under no obligation to sell; he is not making a binding offer by advertising the property. The offer may be withdrawn for any reason (except for fair housing discrimination) at any time.
The courts probably won’t enforce what is not in writing in this contract, but there’s no reason that an angry buyer can’t unjustly sue you. If his lawyer is smart, he can slap a LIS PEDENS (lawsuit pending) notice on the property, and this will make it impossible to sell the house until the lawsuit is resolved.
It’s probably a good idea to consult a r.e. attorney in your locale, now, before you have a much greater need for his services.
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