Create professional development programs that help REALTORS® strengthen their businesses.
Protect private property rights and promote the value of REALTORS®.
Advance ethics enforcement programs that increase REALTOR® professionalism.
Protect REALTORS® by providing legal guidance and education.
Stay current on industry issues with daily news from Illinois REALTORS®, network with other professionals, attend a seminar, and keep up with industry trends through events throughout the year.
Supreme Court of Wyoming overturns ruling in a breach of contract dispute
Case Study: Morningstar v. Robison
527 P.3d 241 (Wyo. 2023)
The Supreme Court of Wyoming overturned a lower court’s ruling that awarded only monetary damages to the buyers in a breach of contract dispute. The buyers had sought specific performance under their purchase contract and the Supreme Court of Wyoming agreed with them. The matter was remanded back to the district court with instructions to order specific performance. In Wyoming, disputes where a buyer seeks specific performance of a purchase contract, there is a presumption that monetary damages are inadequate. One of the claims made by the sellers was that their agent failed to insert a particular contingency into the purchase contract.
Takeaways:
To avoid the unauthorized practice of law, defer to your client’s attorney when interpreting contractual agreements and if your client is requesting modifications, those should be drafted by your client’s attorney.
About the writer: Prior to joining Illinois REALTORS® in 2022, Victoria (Vicki) Munson was an attorney in private practice focusing on real estate and estate planning matters. She enjoyed assisting buyers and sellers in bringing their transactions to the closing table. Victoria earned her bachelor’s degree from Western Illinois University and her Juris Doctor from The John Marshall Law School.
