Thursday, November 02, 2017

Dishonest property agent

The owner of a semi-detached house was in financial difficulty. She needed to sell the property. She approached a neighbor who was a property agent.

The property agent told her that the market was bad. The best price offered was for $2.8 million. The owner accepted the offer and signed the option.

Later, the owner found that the last transacted price for a similar property was $3.2 million. She heard a rumor that the buyer of the property was a relative of the agent and had agreed to pay the agent half of the difference between the actual price and last transacted price.

What can the owner do now?

Here are my tips.

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