N.C.G.S. § 93A-6 prohibits a North Carolina real estate licensee from making any misrepresentation or omission of material fact relating to real property. The misrepresentation need not be intentional to subject a licensee to discipline. Even the negligent communication of…
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Claims and lawsuits involving real estate transactions are increasingly common. Our attorneys represent realtors, appraisers, inspectors and other parties involved in disputes arising out of real estate transactions. We routinely represent real estate professionals before their respective licensing boards, which provides us with a detailed understanding of the effect of malpractice claims on our clients. Experience has taught us that this knowledge base is crucial, and cost-effective, in guiding clients through the litigation process.
The opinion holds that appraisers do not owe unlimited duties to borrowers, who must actually and directly rely on the appraisal itself to be permitted to assert a claim.