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Posts Tagged ‘misrepresentation’

Court Holds Lender’s Appraiser Not Liable for Alleged Misrepresentation to a Land Purchaser

In Willemsen v. Mitrosilis, a California appellate court recently held a lender’s appraiser not liable to a land purchaser for an alleged failure to supply information, which would have influenced plaintiff’s decision to purchase the land. In Willemsen, plaintiff offered to purchase a lot. Plaintiff applied for financing through a bank. The bank retained defendant, […]

Court Holds that Listing Agent has Fiduciary Obligation to the Buyer Where the Broker acted in a Dual Agency Capacity, But With Separate Agents

In Horiike v. Coldwell Banker Residential Brokerage Company, a California Appellate Court recently held that a listing agent could have fiduciary obligations to a buyer where a different agent from the same brokerage represented the buyer.  In Horiike, Chris Cortazzo was a salesperson with Coldwell Banker.  He listed a property for sale on the Multiple […]