short5 wrote in post #12580362
My sister is a lawyer
:p
Relatives aside I have to agree with you Tom, at least in principle. I know where you are coming from. This is a nothing meeting other than to be able to know who we are talking to when and if the need arises with stuff over here. We are not really doing any business, just getting some face time.
Truth be told, a couple of very good friends are lawyers, and we joke about it. They have a job to do, and all too frequently it's in an adversarial role. I had the misfortune of being in a profession that lawyers have long considered ripe for picking.
I once attended a seminar put on by the Santa Clara County Bar Association, and it was a 'public invited' event. The title of the seminar (I'm not making this up) was 'How to Sue Your Broker.' The premise was that in any real estate transaction, whatever goes wrong is the fault of the broker; his/her role is to protect the client from the various problems that can crop up in a real estate transaction.
Over the years, I have been sued for:
1. Buyers discovered a deck had been build on top of an abandoned above-ground pool, not by the current owner, but by the owner before him. Even the seller didn't know it was there.
2. There had been an attic fire. It was completely repaired , but not disclosed. The case was thrown out, but not before we spent thousands of dollars responding to the suit.
3. Buyers moved it, and after a couple months, got into a feud with the neighbors. They sued for rescission, but lost. More thousands to defend.
Wanna' hear more? I have dozens of such stories to tell. In every example, there was a plaintiff's attorney. In most cases, if you offered them enough money to pay their attorney's bill, they would be advised they had no case and drop the suit. In every case, their lawyer got paid,most often by us.
BTW, we were never successfully sued in 40 years of business. The one and only time we should have been sued, we weren't. One of our agents sold a house to a couple that should never have owned property. The husband was blind, confined to a wheelchair, and living on disability. The wife was mentally challenged. They just walked away from the property even though we offered to buy it from them. I never understood why.