Seller's Broker Not Liable In RE Deal Snarled By Quake Regs

Law360, Los Angeles (March 07, 2014, 9:48 PM ET) -- A California appeals court affirmed a lower court’s judgment that a seller’s broker wasn’t liable for an allegedly false statement, about an earthquake study, that was made in connection with a real estate transaction gone awry, ruling Friday that the seller’s broker doesn’t owe a fiduciary duty to nonclients.

Plaintiff and buyer George Saffie Jr. sued his broker, Anthony Burton, Burton’s firm, Burton Commercial Inc., seller Yousef Sasa and seller’s broker Robert Schmeling, after Riverside County, Calif., said the property wasn’t ready to build because of...
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