Court of Appeals of New York

Once a broker enters into a contract to purchase a seller's property, any fiduciary duty and broker-principal relationship is discontinued with the seller, and there is no longer a reasonable basis to expect a broker purchasing the property to continue to act as the seller's fiduciary.

Appellate Information

• Decided 06/12/2001
• Published 06/12/2001

Judges

Court

• Court of Appeals of New York

Counsel