Brokers, Valuers and Professional Liability
Brokers and/or valuers are increasingly often held liable when the yield of the real estate, at the moment of sale or execution, deviates from earlier prognoses or published valuations.
It is often ignored that the circumstances have changed or that the client has applied a different sales/execution method than the valuation accounted for.
The client (bank, market player) then seeks to redress and the broker or valuer is the first to be held accountable. These are often initially approached via disciplinary law. The disciplinary ruling is then used as supportive evidence in a subsequent compensation procedure. This requires a legal consultant with knowledge and insight into the world of disciplinary jurisprudence combined with civil jurisprudence.