Colorado Contracts #111757-Adverse Material Facts: Scenario

Video Transcription

Video Summary

In this video scenario, a broker and seller enter into an exclusive right-to-sell listing agreement. The buyer and seller sign a contract to buy and sell real estate, with the buyer presenting an inspection objection notice stating sewer issues. An inspection resolution is signed, stating the seller must have the sewer line cleaned. However, the listing broker asks the seller to remove a $16,000 recommended repair from the invoice provided to the buyer. The buyer later experiences basement flooding and calls the plumbing company for repairs. The buyer alleges that the listing broker withheld information about recommended plumbing work and sues the seller for damages. No credits granted.

Keywords

exclusive right-to-sell listing

inspection objection

sewer line cleaning

withholding repair information

buyer lawsuit