Who is liable, real estate agent or the real estate company?

Asked over 1 year ago - Los Angeles, CA

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I have a rental property and the real estate agent made a mistake in the rental contract, causing me to owe the past tenant thousands. Upon learning of the mistake, I contacted the real estate agent. She told me that she is a licensee to the real estate brokerage company and I need to contact them. Is there any truth to this? If necessary, can I sue both of them or is she protected?

Attorney answers (2)

  1. Licensed in CA

    Pro

    San Francisco Debt Collection Attorney
    Contributor Level 20

    Answered October 04, 2011 10:42. you can sue both of them. You should talk to a lawyer in your area.

  2. Licensed in CA

    San Marino Real Estate Attorney
    Contributor Level 20

    Answered October 04, 2011 10:51. Both the real estate agent and the real estate broker (brokerage) could be held liable for the agent's mistake. Hopefully, the brokerage has errors and omissions liability insurance to cover your loss.

    The information presented here is general in nature and is not intended, nor should be construed, as legal advice.... more

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