We explore and analyze current issues and relevant topics to help accountants, attorneys, architects and engineers, insurance agents and real estate brokers avoid a professional liability case.
Real Estate Agents Beware: Missouri Court Recognizes Seller’s Agent Liability under Consumer Protection Statute
The Missouri Court of Appeals, Western District recently affirmed a jury verdict finding a real estate agent liable for violation under the Missouri Merchandising Practices Act (“MMPA”) when she, acting as a seller’s agent, acted in reckless disregard as to whether statements in the sellers’ disclosure were true or false.
The Design Professional’s Saving Grace: Statutes of Repose and the Elimination of Perpetual Liability on Construction Projects
Legislatively-enacted statues of repose eliminate causes of action after a specified period of time and benefit design professionals by establishing a finite period of time in which a party can bring a civil action against them, thereby preventing stale claims and the difficulty of defending a suit where evidence and witnesses are no longer available.
As more lawyers choose to keep virtual practice in their professional routines, the ABA Standing Committee on Ethics and Professional Responsibility released Formal Opinion 498, which reminds attorneys to stay cognizant of their ethical responsibilities when practicing virtually. This is part two in a two-part series discussing this Opinion.