A Massachusetts buyer files a Chapter 93A demand letter against a real estate broker for an alleged unfair or deceptive act in connection with a property sale. Under Massachusetts General Laws Chapter 93A, what is the minimum amount of time the broker has to respond to the demand letter before the buyer may file a lawsuit?
Correct Answer
A) 30 days from receipt of the demand letter
Under Massachusetts General Laws Chapter 93A, Section 9, a consumer must send a written demand letter to the defendant at least 30 days before filing suit. The defendant then has 30 days to make a reasonable tender of settlement. If the defendant fails to respond or makes an inadequate offer within 30 days, the plaintiff may proceed to file suit. This 30-day demand letter requirement is a mandatory prerequisite to filing a Chapter 93A consumer protection lawsuit in Massachusetts.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Earnest money is a deposit made by the buyer at the time of the offer or shortly after to demonstrate good faith and serious intent to purchase the property. It is also called a good faith deposit.
Equitable title is the buyer's interest in a property after a purchase contract is signed but before closing, giving the buyer the right to acquire legal title in the future. The seller retains legal title until the deed is delivered at closing.
A financing contingency makes the purchase contract conditional upon the buyer obtaining mortgage approval within a specified time period. If the buyer cannot secure financing, they can cancel the contract and receive their earnest money back.
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