What are the legal risks of a real estate dispute?

Real estate disputes can create a variety of legal risks for the people and entities involved. The most common legal risks in a real estate dispute in Texas include breach of contract, breach of fiduciary duty, negligence, misrepresentation, trespass, and conversion. Breach of contract occurs when one or both parties fail to meet the terms and conditions of the contract. Breach of fiduciary duty occurs when someone with a fiduciary responsibility to the real estate owner fails to act in their best interests. Negligence is when one party is careless or unreasonably fails to fulfill their duties, potentially resulting in injury or financial damage. Misrepresentation is when false statements are made that induce someone into entering the contract, usually with benefit to the deceiver. Trespass occurs when someone enters or uses another’s property without permission. Finally, conversion occurs when someone permanently and wrongfully takes possession of another’s property. Any of these legal risks can have serious financial and legal implications for the parties involved. This is why it is important to know and understand all of the terms in a real estate contract. It is also important to be aware of any potential legal risks that may arise during a real estate transaction or dispute. Working with a real estate attorney is the best way to avoid legal risks and ensure that all of your legal rights are protected.

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What are the legal risks of a real estate dispute?

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