South Bay November Single Family Home Summary
Supreme Court Rules on Dual Representation
I mentioned earlier in September about how 2 Coldwell Banker agents represented a buyer and seller in a transaction and there was a discrepancy in the square footage. The buyer sued Coldwell Banker and the agents. The heart of the question was, does the listing agent owe a fiduciary duty to the buyer and since Coldwell Banker is the brokerage to both the buyer and seller? The answer is YES. There are a lot of ramifications to this decision and we will have to see how things pan out. Case Summary and decision-- http://www.courts.ca.gov/opinions/documents/S218734.PDF
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