Lawsuit of the Day, Money, Reader Polls, Real Estate

Lawsuit of the Day: Buyer v. Broker

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Or maybe yesterday. From Tuesday’s New York Times, an article that still sits on top of the Most Emailed Articles list:

Marty Ummel feels she paid too much for her house. So do millions of other people who bought at the peak of the housing boom. What makes Ms. Ummel different is that she is suing her agent, saying it was all his fault.

Ms. Ummel claims that the agent hid the information that similar homes in the neighborhood were selling for less because he feared she would back out and he would lose his $30,000 commission.

Real estate lawyers and brokers say the case, which goes to trial in North County Superior Court on Monday, is likely to be the first of many in which regretful or resentful buyers seek redress from the agents who found them a home and arranged its purchase.

It’s an interesting case. We’re a bit skeptical, but maybe that’s just us. Read the full NYT article, which contains more of the facts, then feel free to take our poll if you like:

Feeling Misled on Home Price, Buyers Sue Agent [New York Times]

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