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Old Posted Mar 1, 2007, 9:40 AM
clooless clooless is offline
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Join Date: Nov 2006
Location: Calgary, Alberta
Posts: 424
Call me clueless (ha ha), but I am not completely understanding the issue here.

Is it not incumbent upon the vendor of a home to have a realistic estimate of the market value of their home and to use due diligence in all matters relating to the sale of their property? The owner sold the condo to his agent with the understanding that they would not flip the property. Why the verbal agreement? Doesn't that indicate that the property owner knew that the selling price was lower than market value?

Why isn't every car dealership sued for what amounts to the same thing? Someone has to explain this to me, please.
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