Product Liability Issues in Real Estate Brokerage

Thomas Potter (), Theron R. Nelson () and Susan Logan Nelson ()
Additional contact information
Thomas Potter: Department of Finance College of Business and Public Administration University of North Dakota Grand Forks, North Dakota 58202, http://bpa.und.nodak.edu/finance/
Theron R. Nelson: Department of Finance College of Business and Public Administration University of North Dakota Grand Forks, North Dakota 58202, http://bpa.und.nodak.edu/finance/
Susan Logan Nelson: Department of Marketing College of Business and Public Administration University of North Dakota Grand Forks, North Dakota 58202, http://bpa.und.nodak.edu/marketing/

Journal of Real Estate Research, 1991, vol. 6, issue 1, 87-98

Abstract: The legal environment for real estate brokers is moving inexorably toward the doctrine of strict liability in a product liability context. The agency relationship model currently popular in real estate brokerage may not be able to withstand this threat. A recommendation is made that the industry move toward a market-making role which lies outside the chain of distribution of the real estate product. By moving out of the distribution channel, brokers may be able to revert to a "due care" standard performance.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 1991
References: View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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