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Jury Sides with Coldwell Banker Residential Brokerage on Square Footage Dual Agency Case
On April 5, 2018, the jury in a second trial ruled in favor of the listing salesperson and Coldwell Banker on all claims in a square footage case. This is the second jury to exonerate the listing salesperson and broker in the same matter. Billionaire Horiike bought a large Malibu house for $12.25 million in 2007. Although he admitted not reading any of the documents containing varying square footage such as permits, disclosures, public records, architectural drawings, he claimed the “approximate square footage” of 15,000 square feet on a flyer was a misrepresentation and a breach of the listing salesperson’s fiduciary duty. The first jury held in favor of the broker and the listing salesperson on intentional and negligent misrepresentation claims. The judge had dismissed the breach of fiduciary duty claim against the broker that was based solely on the listing salesperson’s actions as the buyer’s salesperson, also licensed with Coldwell Banker, was not named. In 2016, the Ca...
Where transactions go wrong
It's always best to get your ducks in order before buying a house so you have a smooth transaction. Let me know how I can help you!
Tax Reform Comparison
The California Association of Realtors came out with this handy side by side comparison of the tax reforms pertaining to Real Estate that just came out and thought I'd share.
