Quote:
Originally Posted by retiredguy123
It could be a crime if it rises to the level of elder abuse. A licensed real estate agent has a fiduciary duty to treat both parties is a fair manner regardless of who they represent. It is not correct to tell a buyer that they will lose their deposit when the agent does not know that to be true.
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I don’t disagree but if the contract states the seller has time to fix the issue then isn’t the agent being fiduciarily responsible by explaining that the buyers deposit is at risk? We are missing some details so it’s hard to know.
Did the buyer agree to let the seller fix the issue and now wants to back out. The extension thing is very confusing.