Broker Liability: Get Free Legal Advice
Questioner
I had my house appraised by a certified real estate agent in 2011. I sold it to my son for that price. Now the tax authorities say I sold it far below the asking price, and I'm facing a hefty tax bill. Can I hold the agent liable for those costs?Questioner
Dear questioner, In principle, it is possible and likely to succeed to hold the broker liable if he or she has clearly made 'mistakes'. However, I also advise filing an objection to the assessment. It's not uncommon for the tax authorities to overestimate your tax. yours sincerely,Take the next step
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