Real estate transactions can be highly complicated. Unfortunately, when mistakes are made during the execution of these transactions, serious harm can occur.

Real estate agents and brokers can be liable in transaction disputes in Maryland. For example, they may be held responsible for providing inaccurate information, failing to disclose important details regarding a property, or mishandling transactions in real estate disputes. If you suffered damages because of misconduct exhibited by a real estate agent or broker, then the team at our firm can evaluate your potential claim for compensation.

Seek assistance from our Baltimore real estate transaction and disputes attorneys by calling the Heyman Law Firm at (410) 305-9287.

The Liability of Real Estate Agents and Brokers in Transaction Disputes in Maryland

Real estate transactions in Maryland can be complex, and disputes often arise during the process of executing these transactions. Fortunately, our Maryland real estate transaction and disputes lawyers can help you understand the potential liability of agents and brokers in such disputes.

Liability for Misrepresentation

In Maryland, real estate agents and brokers are expected to provide you with accurate and truthful information about the properties they represent. This means that if a real estate agent or broker provides you with false information about a property, you have legal grounds to hold them accountable for their actions. Misrepresentation can occur in various forms, such as exaggerating a property’s features or concealing significant defects. If you, as a client, have suffered financial losses because of misrepresentation by a real estate professional, you can pursue legal remedies to seek compensation for the damages you incurred as a result of their deceptive practices.

Failure to Disclose Material Information

When engaging in real estate transactions in Maryland, it’s crucial for real estate agents and brokers to disclose any material defects or issues related to the property. Material defects are those that can significantly impact the property’s value or safety. If a real estate agent or broker fails to disclose such defects, and you later discover them after the purchase, you may be entitled to compensation. These undisclosed issues could include structural problems, environmental hazards, or any other factors that could affect your decision to buy or sell a property.

Breach of Fiduciary Duty

Real estate agents and brokers in Maryland owe their clients a fiduciary duty, which means they must act in your best interests at all times. This duty includes maintaining confidentiality, avoiding conflicts of interest, and providing honest advice. If a real estate agent or broker’s actions or decisions prioritize their own interests or those of another party over yours, and this leads to a dispute or financial loss, then you have the right to pursue legal action to hold them accountable for their misconduct.

Negligence in Handling Transactions

Real estate professionals in Maryland are expected to handle transactions with care and professionalism. If a real estate agent or broker’s negligence results in errors, delays, or other problems during a transaction, then you may have a valid claim for payment. This form of negligence can manifest itself in various ways, including mistakes in contract preparation, missed deadlines, or improper handling of funds. If you suffered financial harm because of a real estate agent or broker’s negligence, then our legal team will help fight for the damages you are owed.

Resolving Real Estate Transaction Disputes in Maryland

If you are faced with a real estate transaction dispute that stems from the negligence of a real estate agent or broker, it is essential to seek guidance from our legal professionals as soon as you can. The team at our firm is here to advocate for your interests and guide you through the process of seeking a resolution.

Our primary goal is to protect your rights and secure a favorable resolution on your behalf. We understand that disputes can be financially and emotionally challenging, and we are committed to providing you with the expertise needed to navigate these complex matters effectively.

Our approach to dispute resolution may involve a range of strategies, including negotiation, mediation, or, if necessary, litigation. We will work diligently to negotiate for a fair settlement that addresses your concerns. If negotiation proves insufficient, our legal team is prepared to pursue your case through the courts, advocating vigorously for your interests and seeking appropriate compensation for any losses or damages you incurred.

Examples of the Damages Caused by Real Estate Agents’ and Brokers’ Negligence

When real estate agents and brokers act negligently during the execution of complicated real estate transactions, their clients can suffer serious damages. For instance, the following are all examples of the potential harm caused by such negligence:

Financial Losses

Financial losses can result from negligence exhibited by real estate agents and brokers in various ways. For example, missed deadlines due to negligence, such as mortgage or closing deadlines, can lead to financial penalties or additional costs for clients. Further, inaccurate pricing of a property can result in financial losses for both buyers and sellers.

Property-Related Damages

Also, property-related damages can occur. For instance, if a real estate agent or broker fails to disclose material defects in a property, buyers may face unexpected repair and maintenance costs after the purchase.

Lost Opportunities

Negligence can also lead to missed opportunities. For instance, clients may miss out on potentially profitable real estate investments because of a real estate agent’s or broker’s tardiness. Additionally, inadequate property marketing strategies may result in a property staying on the market longer, potentially affecting its sale price and causing financial losses for the seller.

Reputation Damage

Lastly, negligent or unethical practices by real estate agents or brokers can cause serious reputational damage. For example, a client may find their standing in the industry or community affected by the negligent actions of their agent. This reputational damage could cause long-term consequences for affected client’s career or business.

Call Our Law Firm for Help with Your Case in Maryland

Get help from our Maryland real estate transaction and disputes lawyers at the Heyman Law Firm by dialing (410) 305-9287.