Lawsuits in real estate transfers can include breach of contract allegations, and also fraud allegations if the seller failed to properly disclose defects in the purchased residence. In no way is RealEstateAgent.com responsible for the services provided by the advertisers on this site, nor can it be held liable for any damages resulting from the services, contacts, or deals resulting from agents found within this site. If you have suffered financials losses due to misrepresentations or other misconduct by a realtor, you may be able to file a lawsuit to recover your damages. There are a lot of reasons to move to Plano Texas. Punitive damages may be awarded if a defendant purposefully causes, or is grossly indifferent to causing, injury, and are awarded to deter behavior involving moral turpitude. for residential, commercial, or industrial use). In one such case, David A. Axelrod & Associates won a verdict for over $1 million from a Chicago real estate broker and investor who cheated his client out of real property and personal wealth. If a consumer protection act claim is successful a plaintiff can pursue treble damages. It includes covenants of seizin, freedom from encumbrance, express warranties of title, right to quiet enjoyment, ... Insurance coverage provided for an individual having a lease at a favorable rate, one which is less than the market value of the property. The Business Trial Group handles real estate lawsuits on a contingency-fee basis, so you will pay no hourly fees or expensive retainers. These types of damages are meant to both punish the defendant for their actions and to deter them, as well as others, from carrying out the same sorts … In other words, punitive damages cannot be more than 10 times the initial award given. Lohr v Byrd , 522 So. The Villages from Florida is one of those places but with a focus on retirees. The respondent was awarded general damages of $150,000, aggravated damages of $100,000, punitive damages of $10,000 and costs of $64,199 based on Schedule C of the Rules but doubled after an offer made by the respondent. In civil lawsuits, damages are classified as either “compensatory” or “punitive.” Compensatory damages are further broken down into “special damages,” and “general damages.” While special damages cover economic losses, damage to personal and real property, and medical expenses, general damages offer compensation for non-economic, non-tangible issues such as pain and suffering, and emotional distress. 24 hours / 7 days a week. Backed by the resources of one of the nation’s largest plaintiffs’ law firm, the Business Trial Group handles cases in Florida and throughout the country. For many clients, building regulations are material to their purchase decision—especially if they plan to renovate the property. Amounts received from the sale or disposal of real property less all relevant deductions (direct costs associated with the sale or disposal). We’ve all been there. What do I need to know about RV Insurance. Most, if not all, lawsuits against real estate agents or real estate brokers for fraud in Florida include a count seeking to recover the actual damages sustained by the plaintiff. If a real estate agent assures the buyer that the property can be used for a business—but zoning laws prohibit this—the agent may be liable for the misrepresentation. A strong real estate market means plenty of opportunities for real estate professionals. The jury awarded the plaintiff $394,000 in compensatory damages, including $144,000 in past lost wages and $250,000 in damages for “pain and suffering, mental anguish, or loss of dignity,” and $4.5 million in punitive damages, which was reduced by the trial court to $2 million. This means triple the damages. After all, being forced to pay $10,000.00 is a much greater punishment for a person earning $50,000 a year than someone earning $50,000,000 a year. Square footage in an office building or apartment house that may be rented by a tenant. How to determine damages in a California real estate purchase and sale fraud dispute is often as significant and as hard fought as the question of liability. Punitive damages in a personal injury case are meant to punish the person or agency responsible for causing the injury. Those aren’t the only things that ... Every city has its claims to fame. Assures that the title is free of any legal claims including encumbrances. Treble damages are similar to punitive … From the ready availability of jobs to the thriving arts community and low crime rates, there are a number of things that may have ... America is the land of endless possibilities. Se habla español. Dirt around a building's foundation for support. 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