Q: Is it legal for an agent to sell her clients properties to her broker without disclosing and resell them before closing?
My son signed a contract to sell 4 inherited properties for far undervalue. His agent never had him sign a listing agreement or listed on MLS, now he found out the buyer is her broker. Same agent has contract to sell 1 of the properties for 50k more and has put signs on others. She insists a certain attorney handle closing for both parties. Are agents actions legal? I think attorney involved somehow but can't figure how. He wants to cancel contract but she said he woukd be sued.
A: Your son needs to consult with a real estate lawyer immediately. This is not something you are going to be able to resolve with advice on the internet because a lawyer needs to review the contract and any other documents he signed.
Bruce Alexander Minnick agrees with this answer
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