Legal Question - My Realtor Divulged Info to My Builder?

Question

The realtor who represents me also represents the builder with whom I was in contract to purchase a new home.

I got a bad offer from a potential buyer and turned it down.

If my realtor tells my builder the date of the offer, the amount and that I turned it down - do I have a case for a lawsuit against the realty company?

The builder's attorney sent me a certified letter stating all that info I listed above. He is trying to seek damages against me because we are now out of contract and he has no buyer.

Thanks,

Answer 1

If your agent is a Realtor, not just a real estate agent, then talk to the local Realtor Board.

If just a real estate agent, then contact a local attorney.

Just wondering why you thought it was a good idea in the first place to have the same agent represent both sides in a transaction?

As for whether the other side's letter is a bluff or not, you are going to need an attorney to advise you on that for certain.

Answer 2

I think this would depend on the contract. In the contract with the builder, is it dependant upon receiving a good offer? Then you probably have a case against your builder. If the problem is from the realtor releasing this information, you need to review the privacy policy of the realtor, as you might be able to sue them for releasing information that they are not allowed to release. Also, you would need to prove that you did not provide this information to the builder, and that it was provided to them from the realtor without your consent.

I am not an attorney though, so your best bet is to contact an attorney to review your situation. Most attorneys will do a free initial consultation to tell you if you have a case or not.

Answer 3

A lot depends on what your contract with the builder says. Attorneys always make threats. If you get sued, name the realtor as a defendant.