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2 Year Statute of Limitations Against a Real Estate Broker is 2 years from close of escrow! (CC §2079.4)

On Behalf of | Jul 14, 2016 | Civil Procedure, Real Estate |

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Statutes of limitations are confusing.  A common mistake is most lawyers do not know that the statute of limitations to file a lawsuit against a real estate broker runs from the date of possession, or date of close of escrow, not discovery of the mistake, misrepresentation, breach or harm.  See Civil Code §2079.4.

Civil Code § 2079.4. Limitation of actions

In no event shall the time for commencement of legal action for breach of duty imposed by this article exceed two years from the date of possession, which means the date of recordation, the date of close of escrow, or the date of occupancy, whichever occurs first.