Not Ranked
Buyers always look for someone to share their pain when the market depreciates, but when the market appreciates and you ask the buyer to "participate" in the upside, then they just laugh at you.
Ultimately, it depends on how the agency agreement between buyer and agent reads, if there is one, but generally the listing agent and selling (buyer's) agent have only a responsibility to the seller. At least here in CA.
Regarding the auction houses, anyone can be sued, but I read an article in Keith Martin's Auction magazine a while back about a similar problem and the auction house's agreements are quite massive and protect them from most stones thrown at them.
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