Estate Agents : Professional Negligence Solicitors

There are a number of ways in which estate agents can be negligent with the most obvious reason relating to over valuing or undervaluing the property that they are offering for sale although there is also the real possibility of legal action for negligent misstatement which may have induced a third party to enter into a contact to buy. It is worth remembering that some estate agents are qualified although many are not and in addition some are insured against estate agents professional negligence whereas many have no cover whatsoever.

SOLICITORS HELPLINE 0845 180 1888

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Common Negligent Actions

Estate agents professional negligence relating to the value of property that they offer for sale may take several forms :-

• If property is offered for sale at an undervalue as a result of advice tendered by an estate agent there is a real and immediate loss caused to the seller if the sale is eventually agreed at the undervalue.
• If property is offered for sale at a price that is to high the seller may incur excessive advertising costs and the delay in a sale may incur bank charges and bridging loans resulting in a direct loss with the further possibly of the loss of an intended purchase.
• Changing market conditions may mean that a property that was initially offered at the correct price has become overvalued or undervalued with the passage of time resulting in the financial consequences outlined above.
• A vendor may be held to be responsible for losses as a result of negligent miss-statement by an estate agent if that miss-statement ultimately induced the buyer to enter into a contract.

SOLICITORS HELPLINE 0845 180 1888

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Letting Agents

Estate agents professional negligence can sometimes occur when an estate agent takes on the further role of letting agent. A letting agent usually deals with all matter relating to letting domestic and commercial property including setting the rent, vetting the tenant and collecting the payments all of which can cause difficulties to the untrained or inefficient letting agent resulting in losses to the client owner of the property.

SOLICITORS HELPLINE 0845 180 1888

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Specialist Litigation Lawyers

If you find yourself in the unpleasant position of having to consider legal action against a professional person we can help. Our specialist solicitors offer free advice on estate agents professional negligence and may be able to deal with the matter on a no win no fee basis. Just use the helpline or email to speak to a solicitor without any further obligation whatsoever.