Question

A broker told a customer that if he purchased a lot "it was a gold mine" and that it could be sold for four times what he paid for it by the end of two years. The customer bought the lot but did not attempt to sell it for four years. at that time, he discovered that the broker who had sold him the lot was now selling similar lots for less than the original price of his lot. What course of action could be taken against the broker?

Answer 1

The customer could consider taking legal action against the broker for fraud or misrepresentation.

Step-by-step explanation:

If the customer believes that the broker intentionally deceived him, he may have grounds for a legal claim against the broker. One possible legal course of action is to sue the broker for fraud or misrepresentation. The customer would need to gather evidence to show that the broker made false statements about the lot's potential value and that the customer relied on these statements when making the purchase. It would also be important to consult with a lawyer who specializes in real estate law to evaluate the specific circumstances and advise on the best course of action.