Court Says CP Laws Cover 3rd Parties In Real Estate Deals

Law360, New York (April 30, 2012, 4:44 PM EDT) -- The Maryland Court of Appeals on Monday ruled that consumer protection laws apply to parties other than direct sellers in real estate transactions, saying a condo owners' association could be held liable for lowballed damage and repair costs.

In the landmark decision, Judge Lynne A. Battaglia found that Maryland law, which requires condo associations to outline operating expenses and potential code violations to would-be buyers, opens the associations to culpability because they are an intrinsic part of the sale.

The case centers on a group of...
To view the full article, register now.