Samuel A. Zichlin and Sadie Zichlin, His Wife v. George E. Dill and Edith C. Dill, His Wife.

Summary

The Florida Supreme Court reversed the trial court’s dismissal of the buyer’s claim, holding that a licensed real estate broker owes a fiduciary duty to the purchaser and that the purchaser is entitled to recover the broker’s $1,000 profit obtained through fraud. The court based its decision on the statutory qualifications and monopoly granted to brokers, which displace the traditional caveat emptor rule.