This article is part of an ongoing series covering violations of real estate law. Here, a broker acting as a property manager surrendered his license in connection with a disciplinary action taken by the Department of Real Estate (DRE) for concealing property management books and records from a client they represented.
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A contract obtained through false representation is voidable. Fraud is a type of misrepresentation, so when fraudulent or negligent misrepresentation is used on a contract, it creates a voidable contract. It requires a court order to be declared invalid.
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This article is part of an ongoing series covering violations of real estate law. Here, the Department of Real Estate (DRE) revoked the California real estate license of a broker who failed to comply with advance fee requirements while conducting prepaid rental listing service (PRLS) activities.
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This article is part of an ongoing series covering violations of real estate law. Here, the DRE revoked the license of a real estate corporation along with its designated officer for failing to retain documents, unlawful use of a fictitious business name, making substantial misrepresentations and failing to adequately supervise.
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A buyer’s agent who gives the buyer their opinion needs to take steps to assure the buyer investigates and expertly analyzes relevant information to confirm their opinion and keep it from becoming an actionable assurance if the event fails to occur as predicted.
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A buyer purchases an SFR, occupies the property and begins renovations. Several months later, the buyer discovers the seller misrepresented the property prior to closing the purchase agreement.
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An owner enters into a permanent mortgage modification agreement with a mortgage holder. The mortgage holder issues a statement stating it will no longer honor the agreement.
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