Can MLS listing be wrong?

Providing a wrong or conflicting square footage might lead to a real estate lawsuit. If you see the MLS is inaccurate, you should also notify the local MLS office and advise your clients to get a survey and appraisal for their property due to the discrepancies. Make sure to document everything.

Can a Realtor lie about the property?

The Real Estate Council of Alberta (RECA) won’t be able to help you get out of your purchase, but you are certainly welcome—and encouraged—to file a complaint against the seller’s agent if you believe they lied to you. Home purchases are contractual agreements between consumers—buyers and sellers.

What is a ghost listing in real estate?

Fraudulent “ghost” listings said to be on the rise In the past, agents have been known to use old or fabricated listings on brokerage websites as a ruse to get buyers on the phone — brokers would then say the home had sold and immediately pitch another property, usually less appealing.

Do Realtors lying about square footage?

Many real estate agents representing buyers or sellers encounter differences or discrepancies in a property’s square footage, which may vary greatly depending upon the source. Real estate professionals and most sellers know that they are required to disclose anything “material” relating to the property.

Can I sue my realtor for misrepresentation?

You can’t sue a real estate broker for a bad opinion — in order to win a misrepresentation lawsuit, the misstatement must involve some material fact about the property or the sale that would affect a reasonable person’s decision regarding the purchase.

Is Zillow accurate for listings?

Many people are under the impression that because Zillow has become so popular, they are the best place to find homes online. Truth is, Zillow has a ton of outdated real estate listings. In reality, according to Zillow themselves, their Zestimate is only accurate within 20\% of the final sales price 83.1\% of the time!

Is it illegal to lie on a real estate listing?

Some material defects must be disclosed by law, and if you lie about other details—and your lie is discovered during an inspection—you could lose your buyer. Even if a lie doesn’t come to light until after you’ve sold the house, you’re not free and clear; the…

Can listing agent lie about offers?

Yes, the occasional real estate agent might lie about an offer. However, the vast majority would never do so. In real estate personal recommendations and reputation are critical to success. The loss to an agents professional reputation and the subsequent impact on their business would far outweigh any financial gain.

Can I sue for wrong square footage?

Providing inaccurate or conflicting square footage of a home can lead to a real estate lawsuit. In this case, the selling agent overstated the home’s square footage in the listing and did not correct or disclose knowledge of the inaccuracy. The courts sided with the buyer.