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BUFFALO-WATER 1, LLC v. FIDELITY REAL ESTATE COMPANY, LLC

No. SJC-12487.

481 Mass. 13 (2018)

BUFFALO-WATER 1, LLC v. FIDELITY REAL ESTATE COMPANY, LLC.

Supreme Judicial Court of Massachusetts, Suffolk.

November 26, 2018.

Attorney(s) appearing for the Case

Richard E. Briansky for the plaintiff.

David J. Apfel for the defendant.

Timothy P. Burke & Nathaniel P. Bruhn , for Greater Boston Real Estate Board, amicus curiae, submitted a brief.

Dawn Mertineit & Katherine E. Perrelli , for Appraisal Institute & another, amici curiae, submitted a brief.

Present: GANTS, C.J., LENK, GAZIANO, LOWY, BUDD, CYPHER, & KAFKER, JJ.

In Eliot v. Coulter, 322 Mass. 86, 91 (1947), this court held that, where parties agree that the fair value of a property shall be determined by an appraiser, "the correctness of the principles and methods of valuation adopted by [an] appraiser[ ] cannot be inquired into by the courts, in the absence of fraud, corruption...

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