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Property Law Keyed to Dukeminier
Licari v. Blackwelder
Facts
The plaintiffs engaged Robert Schwartz, a Norwalk Connecticut real estate broker for guidance in the sale of their property. Schwartz consults with Blackwelder and Opert as to the market value of the property and Schwartz and Blackwelder and Opert agree to co-broke the property. They convince the owners to list the property at $125,000 and immediately make their own offer of $115,000 misrepresenting that they will live at the property, and instead immediately contract to sell the home to another buyer at $160,000, making a profit of $45,000 in the six days the mortgage was held by the defendants.
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