Can a Real Estate Agent’s Statements Of Opinion Constitute Fraud?

Under California law, A real estate agent’s statements of opinion about a subject property typically doesn’t constitute actionable fraud or deceit. [See Rendell v. Scott (1886) 70 Cal. 514 (A statement of opinion, not involving an assertion of fact, will not constitute fraud.)] That said, if an agent states an opinion they honestly do not, or reasonably speaking, cannot believe, this may be grounds for a fraud action.[See Cooper v. Jevne, (1976) 56 Cal. App. 3d 860, 866.] As such, any real estate agents stating their opinion should carefully consider whether information or knowledge they possession could cast their opinion as reckless or unreasonable.

Questioning whether you were the victim of a fraud or a calculated nondisclosure in real estate transaction? Contact one of Gholian Law’s Los Angeles Real Estate Fraud and Nondisclosure Attorneys for a free consultation and case evaluation TODAY!