Asked by Peeryapts, Studio City, CA • Thu Oct 20, 2011
In buying a building, the dual agency realtor put the name of a previous owner on the purchase contract instead of the seller's name. Assuming that I was buying the property from this previous owner who was also the property management company, and who was present at the physical inspection, I allowed them to answer questions about some potentially defective (polybutylene) water pipes. The previous owner / management company stated that the pipes were not defective polybutylene. It turned out that the pipes WERE defective, causing thousands in damages and repairs. I have no recourse against them for this false statement because they were not actually the seller. Do I have recourse against the realtor for providing the wrong name on the purchase contract which led me to believe that I was buying the property from somebody else? (The previous owner / Management Co. whose name is on the purchase docs, had owned the building before the seller did)
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