Listing Agent’s Duty to Disclose Further Clarified in California Courts

Lately, the California Court of Appeal has been deciding numerous decisions that affect real estate practitioners, and June was no exception. At the end of last month, the Court decided in favor of the listing agent in a case that involved accusations of nondisclosure. Peake v. Underwood, et al. addressed the issue of whether the listing agent fulfilled his fiduciary duty to the buyer by disclosing all material facts regarding the property. The Court’s ruling further clarified a listing agent’s duty to the buyer and the buyer’s duty of investigation.

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Posted on July 13, 2014 and filed under courtside newsletter.