Discusses the factors which have led to a proliferation oflitigation in respect of professional negligence in the field of realestate. Outlines caveat emptor or buyer beware, fraud,negligent misrepresentation, negligence, innocent misrepresentation andstrict liability and statutory liability for misrepresentation. Givesexamples of specific cases. Suggests that both the residential marketand the commercial sector have been affected to such an extent that itis no longer clear whether the decisionmakers take any responsibilityfor their actions, but rely solely upon the real estate profession toact as a guarantor of the transaction.
Journal of Valuation – Emerald Publishing
Published: Jan 1, 1990