Originally Posted by sailpower
A question for the lawyers; Survey reveals some bottom blisters that are classified as cosmetic but the buyer walks. Seller orders the broker not to disclose them to future prospects. What can a sellers agent legally disclose?
FYI: I'm not a lawyer, but I was raised by one and that and $5 will buy a small coffee at Starbucks, maybe.
I'm guessing any broker aware of the existence of the YBAA agreement is going to use it. I've been over that agreement several times with a fine tooth comb. I can't find a single loophole that would allow a seller to sue the broker for anything.
But that shouldn't be a surprise. It's a contract created for the brokers by their attorneys and designed to protect the brokers, first and foremost.