An agent quotes a property's square footage from the listing data without verifying, and the actual size is 300 square feet less. The buyer relied on this figure. What type of liability does the agent face?
Correct Answer
B) Negligent misrepresentation
Negligent misrepresentation is correct because the agent made a factual statement without reasonable grounds for believing it was accurate, and the buyer relied on it.
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Related Topics & Key Terms
Key Terms:
Related Concepts
An arrangement where a brokerage assigns separate agents within the firm to represent the buyer and seller in the same transaction, allowing each client to have dedicated representation.
A situation where a single agent or brokerage represents both the buyer and the seller in the same real estate transaction.
An agency relationship created by a clear, explicit agreement between the principal and agent, either orally or in writing.
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A listing agreement creates an agency relationship between:
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