Our real estate agent/broker contracted to sell out existing home shared confidential negotiation details regarding the sale of our home with two other outside parties. These parties were the Sales Agent for the builder of a new home we were contemplating a purchase as well as the VP of Sales for that same builder. Both of these parties had no contractual interest in the sales of our existing home however did have an interest in us purchasing the new construction home they represented. Is this a breach of fiduciary duty and confidentiality?
- Beverly SLv 72 weeks ago
This is a grey area. The builder probably wanted to know what you would net from your sale to make sure you would have enough to qualify.. When you are buying and selling at the same time this is pretty common.Source(s): Mortgage lender 33 years.
- Anonymous2 weeks ago
You didn't bother to tell us what information was shared that you consider to be "confidential" and a "breach of fiduciary duty".
"Both of these parties had no contractual interest in the sales of our existing home however did have an interest in us purchasing the new construction home" So you're saying that the purchase of the new build was not contingent upon the sale of your current home?