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Cheated by broker on property sale


13-Nov-2023 (In Criminal Law)
Hi .. we need advice. One of my relative was doing real estate business. He approached that he had a seller who is willing to sell his land to us.. we agreed to it . We haven’t spoke to the owner of the land and never seen him in person, since he mentioned owner is out of station. Broker ( relative) was a mediator and we didn’t push him much for the detail as we believed him. We transferred 50% of the land value in advance to the broker account and he said he transferred to the owner in June. We made a agreement to register the land in sep however that document was not registered it was just a stamp paper signed by both the parties. There was delay and broker gave many excuses for not resigtering . Recently when we checked EC we found that land was already sold to some one else in sep . Broker is still claiming land was not sold and refusing to provide owner contact no and address please suggest how we can get our money back from the broker.
Answers (3)

Answer #1
858 votes
In this case, I would like to know the agreement between whom you and broker or landlord and further given 50% amount paid through account transfer or cash payment. I have a vast practice in that area you can seek my assistance in your matter.

Answer #2
974 votes
Khoob you transfer the money through legal channel by bank then means to whom to the real owner if you are not transfer the money to the real owner the real owner is not obliged for any legal obligation regarding the land so consult a lawyer
Answer #3
964 votes
Really miserable that you have transferred 50% of advance towards the sale consideration without even knowing the real owner. This is a clear case of cheating by the broker. The best way is to lodge a criminal complaint against the broker as early as possible before he exhausts your advance money

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