View Single Post
Old 07-26-2010, 12:10 AM   #1
miky
14 dolla balla aint got nothing on me!
 
miky's Avatar
 
Join Date: Jul 2005
Location: bby
Posts: 679
Thanked 270 Times in 57 Posts
Failed 196 Times in 40 Posts
Question for Realtors and the Public

I have a friend whose brother had purchased a farm in Surrey about 5 months ago. They discovered the listing of the farm on the newspaper. They were planning to grow blueberries and figs on the farm.

There is a 2 floor house and a huge 2 level barn about 3000 - 4000 sq ft on the property. They were told by the realtor that everything is fine, by mouth.

The realtor, acting as the buyer and seller's agent, he gave my friend's brother a *good deal* taking off almost a hundred grand of its listing price. Without hesitation, my friend's bro bought it instantly.

After they bought the farm, they started to discover problems everywhere. The Barn's roof are leaking, many places of the property buildings' load bearing walls are rotten.

On the property disclosure form. The realtor had crossed out the whole yes/no questions such as "Are there any leakage in the buildings?"
And the realtor did wrote "Buyer would take the property as is"

And the most ridiculous thing is, my friend's brother did not took the time to hire an inspector to come for an inspection... Also he had signed the disclosure form in order to commence the purchase.

Question to Realtors: Is it realtor's duty to fill out and find out the questions on the property disclosure form? Would this be a case of negligence towards my friend's brother? The Realtor obviously knew the problems were occuring in the farm and chose not to inform my friend's brother.

Who would be liable for this? Would this be a legal issue?


Thanks
miky is offline   Reply With Quote