Agents must check the developer
To make a very long story short: Several years ago I bought an off-plan house in a condominium that didn’t have all the paper work set, including deed (now I know…). Later, I found out that the “developer” was well-known among serious developers and agents for being a crook. He was shortly arrested, but only God knows what he is doing now. But he never left a trace of the money, as they do.
I got everything back by blocking the personal assets of the real state directors, they never saw it coming. The real state guy tried several different legal actions to unblock his assets (house, shops) but every-time he was badly slammed by the judge. Just few hours before the public auction, he finally decided to pay us. I was (am) totally convinced that the agent knew that the “developer” was a crook. It wasn't just the case of overlooking.
That particular realtor thought he had no legal commitments, but he was wrong. My friend and excellent lawyer told me that we (not a lawyer, but I gave a tiny hand researching for the case) created a good precedent for future cases. We won with unanimous vote from the Appellate Court Judges (3 x0) in RS.
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