Janesville, WI asked in Real Estate Law for Wisconsin

Q: All parties signed an offer to purchase, now seller requests we sign a rescind feels price is too low - is this legal?

The realtor represents both the buyer (us) and the seller. We feel this is totally unethical and probably illegal. We have refused to sign.

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1 Lawyer Answer
William F Sulton Esq.
William F Sulton Esq.
Answered
  • Milwaukee, WI
  • Licensed in Wisconsin

A: The buyer may sue for specific performance. Alternatively, the buyer may sue for the earnest money and damages. As long as the realtor disclosed the conflict of interest, the relationship is probably not illegal. I suggest you speak with a lawyer.

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