Real estate broker, escrow agent and notary liability

• Author: Stanton T. Mathews/Anoush Lancaster
• Pages: 313-350

BROKER, AGENT

NOTARY LIABILITY

10-1

CHAPTER 10

REAL ESTATE BROKER, ESCROW

AGENT AND NOTARY LIABILITY

§101:0 0 BROKER LIABILITY TO PURCHASER FOR INTENTIONAL NONDISCLOSURE OF MATERIAL FACTS

[NEGATIVE FRAUD OR FRAUDULENT CONCEALMENT]

§102:00 BROKER LIABILITY TO PROSPECTIVE PURCHASER FOR FAILURE TO INSPECT AND DISCLOSE

[CALIFORNIA CIVIL CODE §2079]

§103:00 BROKER’S CONSTRUCTIVE FRAUD

§104:00 ACTION FOR COMMISSION ON EXCLUSIVE RIGHT TO SELL LISTING

§105:00 ACTION FOR COMMISSION ON EXCLUSIVE AGENCY LISTING

§106:00 PRINCIPAL’S BREACH OF DUTY OF GOOD FAITH AND FAIR DEALING

§107:00 ESCROW AGENT’S NEGLIGENCE AND CONSTRUCTIVE FRAUD

§108:00 NEGLIGENCE OF NOTARY PUBLIC AND SURETIES

§101:0 0 BROKER LIABILITY TO PURCHASER FOR INTENTIONAL NONDISCLOSURE OF MATERIAL FACTS

[NEGATIVE FRAUD OR FRAUDULENT CONCEALMENT]

§1:10 Def‌inition

§1:20 Elements

§1:21 Real Estate Broker

§1:22 Purchaser

§1:23 Broker’s Knowledge

§1:24 Breach of Duty to Disclose Material Facts

§1:25 Intent to Induce Purchase

§1:26 Reliance

§1:27 Resulting Damages

§1:30 Authorities

§1:31 Real Estate Broker

§1:32 Purchaser

§1:32a Subsequent Purchasers

§1:32b Lessees

§1:33 Broker’s Knowledge

§1:34 Breach of Duty to Disclose Material Facts

§1:34a Statutory Duties of Disclosure

§1:34b Contract Provisions

§1:34c What Constitutes Material Facts

§1:35 Intent to Induce Purchase

§1:36 Reliance

§1:40 Remedies

§1:50 Statute of Limitations

§1:60 Aff‌irmative Defenses

§1:70 Related Causes of Action

BROKER, AGENT

NOTARY LIABILITY

California Causes of Action 10-2

§102:00 BROKER LIABILITY TO PROSPECTIVE PURCHASER FOR FAILURE TO INSPECT AND DISCLOSE

[CALIFORNIA CIVIL CODE §2079]

§2:10 Def‌inition

§2:20 Elements

§2:21 Broker Representing Seller

§2:22 Residential Real Property

§2:23 Duty to Prospective Purchaser

§2:24 Breach of Duty to Inspect

§2:25 Breach of Duty to Disclose Material Facts

§2:30 Authorities

§2:31 Broker Representing Seller

§2:32 Residential Real Property

§2:33 Duty to Prospective Purchaser

§2:34 Breach of Duty to Inspect

§2:35 Breach of Duty to Disclose Material Facts

§2:40 Remedies

§2:50 Statute of Limitations

§2:60 Aff‌irmative Defenses

§2:70 Related Causes of Action

§103:00 BROKER’S CONSTRUCTIVE FRAUD

§3:10 Def‌inition

§3:20 Elements

§3:21 Fiduciary or Conf‌idential Relationship

§3:22 Breach of Duty

§3:23 Broker Gains Some Advantage

§3:24 Justif‌iable Reliance

§3:25 Causation and Damage

§3:30 Authorities

§3:31 Fiduciary or Conf‌idential Relationship

§3:31a Duty of Good Faith

§3:31b Duty to Fully Disclose Material Facts

§3:31c Fiduciary vs. Other Types of Relationships

§3:31d Scope of Fiduciary Duty

§3:31e Burden of Proof

§3:32 Breach of Duty

§3:32a What Constitutes Constructive Fraud

§3:32b Examples of Breach/No Breach

§3:33 Broker Gains Some Advantage

§3:34 Justif‌iable Reliance

§3:34a Plaintiff’s Duty to Investigate

§3:35 Causation and Damage

§3:40 Remedies

§3:50 Statute of Limitations

§3:60 Aff‌irmative Defenses

§3:70 Related Causes of Action

§104:00 ACTION FOR COMMISSION ON EXCLUSIVE RIGHT TO SELL LISTING

§4:10 Def‌inition

§4:20 Elements

§4:21 Exclusive Right to Sell Listing

§4:22 Written Listing Agreement

§4:23 Def‌inite Termination Date

§4:24 Licensed Real Estate Broker

§4:25 Sale or Procurement of Ready, Willing and Able Buyer

BROKER, AGENT

NOTARY LIABILITY

10-3 Real Estate Broker, Escrow Agent and Notary Liability

§4:30 Authorities

§4:31 Written Listing Agreement

§4:32 Def‌inite Termination Period

§4:33 Licensed Real Estate Broker

§4:34 Sale

§4:34a During Term of Listing Agreement

§4:34b During “Safety Clause” Period

§4:34c After Listing Has Expired

§4:35 Procurement of Ready, Willing and Able Buyer

§4:36 Other Ways Commission Accrues

§4:40 Remedies

§4:50 Statute of Limitations

§4:60 Aff‌irmative Defenses

§4:70 Related Causes of Action

§105:00 ACTION FOR COMMISSION ON EXCLUSIVE AGENCY LISTING

§5:10 Def‌inition

§5:20 Elements

§5:21 Exclusive Agency Listing Agreement

§5:22 Written Listing Agreement

§5:23 Def‌inite Termination Date

§5:24 Licensed Real Estate Broker

§5:25 Procurement

§5:26 Ready, Willing and Able Buyer

§5:27 Sale

§5:30 Authorities

§5:31 Exclusive Agency Listing Agreement

§5:32 Written Listing Agreement

§5:33 Def‌inite Termination Date

§5:34 Licensed Real Estate Broker

§5:35 Procurement

§5:36 Ready, Willing and Able Buyer

§5:37 Sale

§5:38 Other Ways Commission Accrues

§5:40 Remedies

§5:50 Statute of Limitations

§5:60 Aff‌irmative Defenses

§5:70 Related Causes of Action

§106:00 PRINCIPAL’S BREACH OF DUTY OF GOOD FAITH AND FAIR DEALING

§6:10 Def‌inition

§6:20 Elements

§6:21 Contract

§6:22 Duty of Good Faith and Fair Dealing

§6:23 Duty Owed by Principal to Broker

§6:24 Ready, Willing and Able Buyer

§6:25 Breach of Duty

§6:30 Authorities

§6:31 Contract

§6:32 Duty of Good Faith and Fair Dealing

§6:33 Duty Owed by Principal to Broker

§6:34 Ready, Willing and Able Buyer

§6:35 Breach of Duty

§6:35a Sale to Buyer Procured by Broker

§6:35b Sale to Another Buyer