What type of claims can I make against a real estate broker?

In Virginia, you may be able to make a variety of claims against a real estate broker, depending on the circumstances of your situation. These claims can include breach of fiduciary duty, negligence, misrepresentation, or concealment. If a real estate broker fails to fulfill their fiduciary duty to you, they may be liable for any damages that result. This includes any losses that you suffer due to their failure to act in your best interests, such as failing to disclose a known defect in the property. You may also be able to make a claim for negligence if a real estate broker fails to exercise reasonable care in the transaction. This could mean that the broker failed to investigate the property or to ensure that all the necessary permits were in place before the sale. Misrepresentation occurs when a broker knowingly or recklessly misrepresents a material fact about a property. For example, if the broker tells a buyer that the property has been appraised for a certain value, but the appraisal was based on inaccurate information, the buyer may be able to make a misrepresentation claim. Lastly, if a broker conceals certain facts from a buyer, such as the fact that the property has a structural defect that might affect its value, the buyer can bring a claim for concealment. Each of these claims will require proof that the real estate broker was responsible, and the type of damages that you may be able to recover can vary. It is important to contact a qualified real estate attorney if you believe that you have a claim against a real estate broker in Virginia.

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What type of claims can I make against a real estate broker?

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