Real estate broker expert witnesses may be called upon to provide an expert opinion regarding real estate transactions, as real estate brokers are tasked with arranging such transactions by finding potential buyers and sellers of real estate property. Real estate expert consulting may be sought out for cases involving unforeseen issues with these transactions, such as contractual disputes, broker malpractice, or other problems caused by a participating party.
Real estate broker expert witnesses are knowledgeable with agent and broker standards, which must be adhered to by those working in the industry so as to avoid issues with broker malpractice. Real estate transactions must be made in accordance with real estate standards and practices as a means of preventing kickbacks or other illegal activity, which would be grounds for potential lawsuits. Violations of realtor regulations may require a real estate document examination of the contractual agreements between parties, which can be utilized to authenticate digital signatures or other forms of signage.
Real estate expert witnesses are also often experienced with issues concerning construction, fair market value, pricing strategies, home inspection and damage assessment, historical restoration, due diligence, foreclosures, mortgages, real estate lending, titles, liquidation, and escrow, as each may become the subject of lawsuit involving one or more real estate brokers. Real estate brokers may have experience focusing on either commercial real estate or residential real estate, while some in the industry may have a background working with both.
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