Are any laws broken if a home seller has a realtor place their home on the MLS but then lists their home as a “For Sale By Owner” in their signage?
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
Are any laws broken if a home seller has a realtor place their home on the MLS but then lists their home as a “For Sale By Owner” in their signage?
They are acting as their own negotiator, and not following any of the guidelines put on place by real estate law. They are still accepting offers after they accepted our signed contract, with our deposit in escrow, and they are intentionally not allowing the bank appraiser into their home for our appraisal in an effort to make us not meet our contractual deadline for our mortgage commitment. They have another offer.
Asked on August 20, 2015 under Real Estate Law, New York
Answers:
Anne Brady / Law Office of Anne Brady
Answered 9 years ago | Contributor
Contracts for the sale of real estate need to be in writing. So unless the seller signed your contract, as well as you, they are going to be able to get out of it and accept the better offer. Even if they did sign, they may be able to find a way out if certain conditions were not met in time.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.