Court of Appeals of New York

In a case addressing the scope of fiduciary duty owed by buyer's agents affiliated with a real estate brokerage firm when their principals bid on the same property, the court of appeals rules that, unless a real estate brokerage firm and principal specifically agree otherwise, the firm is not obligated to insure that its affiliated licensees forego making offers on behalf of other buyers for property on which the principal has already bid.

Appellate Information

• Decided 04/24/2008
• Published 04/24/2008

Judges

Court

• Court of Appeals of New York

Counsel