Ditto, Plus - Posted by John Behle
Posted by John Behle on May 12, 1999 at 12:57:13:
Jim Piper is right. I’m sure nobody is surprised by that
I would talk to the broker immediately, explain that your next call will be to the licensing division. If they have been in business that long, they should care about their brokerage. He could lose his license over this.
Your best hopes of compensation when a broker has purposely or un-intentionally messed up a deal is usually through this avenue. The threat of losing his license should cause some action. Sometimes the state licensing will get involved early and put pressure on. They may have a fund (varies state to state) to cover legal situations where an agent causes damage. Judgements against the agent/broker can be covered by this fund. Check it out. As I said your state MAY have this fund. Of course, you have some responsibility here and have learned a lesson, buy the courts will likely barbecue the agent if it comes down to it.
Of course, get legal advice - from an attorney that specializes in both real estate and litigation and has experience pursuing these types of claims. Look for the “pitbull on crack” variety.
The hopes would be that the broker will see the mistakes, errors, misrepresentations, etc. and work to solve the problem. He may have “Errors and Omissions” insurance that will cover this also. At the threat of the loss of his license, he should start paying attention very quickly.