Buyer loses $20k deposit ( buyer was an agent)

rb wrote: ↑ Toronto Star: Superior Court lets home sellers keep the $20,000 deposit after the buyers backed away from the signed deal.
https://www.thestar.com/life/homes/2021 ... -deal.html

Interesting article, not sure why the buyer backed out I suspect it had more to do than the sq footage

joepipe wrote: ↑ lol...even better they are realtors

dc200 wrote: ↑ That is the most satisfying part about the story.

Wish they had lost more than just 20k, lol.

kangarooz wrote: ↑ I am thinking they will have the pay the other parties' legal fees too?

Like others said previously if they cant even review their own purchase, can you imagine what they have/would have done for their client?

The listing stated that the interior of the dwelling had approximately 2,500-3,000 square feet. The sellers later told the court that the listing gave all realtors access to the home’s photos and details, a marketing brochure, a pre-listing home inspection, and a floor plan of the home with accurate dimensions for each room.

The brochure was also available to purchasers visiting the property and correctly stated the home’s gross, above-grade floor area as 2,155 square feet, plus 665 feet on the lower floor. The brochure stated, “buyer to verify measurements.”