An unresolved issue of New York state law on the fiduciary duty owed by a real estate broker to the purchaser of property has been sent to the New York State Court of Appeals.
Faced with a problem that is likely to recur because of the increasing use of real estate brokers by buyers, the 2nd U.S. Circuit Court of Appeals has certified a question on the extent of fiduciary duty to the state’s highest court.
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