Walter: Each state is different, put as a general rule a realtor can be held liable if his lack of knowledge regarding a key legal issue resulted in damages to the client. You might want to contact a local real estate attorney on this one. Garrett
Is a realator and or his company liable in any way if a sale is lost due to his non knowledge of Fl 55+ laws.
had a signed contract and a closing date set the contract had to be voided because the realator had no knowledge of the 55+ community laws the property was off the market for two weeks in which time a good contract could have been offered had the realtor had knowledge of Fl Real Estate Laws.