Client backing out of a deal? You probably have some questions...
Jude Chow, Staff Lawyer at the Real Estate Errors and Omissions Insurance Corporation says there’s no easy way around it – being told by a client that they won’t be moving forward with a firm deal is never a stress-free moment. You might find yourself wondering, “Did I do something wrong?”, “Can I fix this?” or “Should I fix it?”
We get it—alarm bells are sounding in your head, and it’s hard to know exactly what your next move should be. But the very first thing you should do is advise your clients in writing that there can be serious legal consequences to not completing the deal and that they should immediately seek legal advice before taking any further steps.
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