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    Can a broker be sued for losses caused by their professional advice?

    Ali Faizan Syed1 min read0 viewsUpdated 1/2/2026
    Yes, a broker is liable for any loss or damage suffered by the contracting parties as a result of their fraudulent act or deceit. This liability also extends to losses caused by the broker's failure to observe the rules found in the Bylaw or the Code of Ethics. Because brokers are expected to act with professional accuracy, any misinformation that leads to financial harm can result in legal claims for compensation before the competent judicial authorities in Dubai.

    Related Topics:

    Broker Liability
    Professional Negligence
    Real Estate Deceit
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