Spam prevention
Rainmaker
4,550,037
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Yes, that finger is pointing at you.   This "practice" varies by state/jurisdiction Know it well.  Know it thoroughly.  Good Luck.

Dec 07, 2017 10:03 AM
Rainmaker
2,219,617
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Because it may be a license law in your state. Check with your local real estate commission.

Dec 07, 2017 01:42 PM
Rainmaker
678,558
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

Are you a REALTOR?  Seems like a strange question for someone who passed the test and knows the laws of our state and national.  

One of the first things we learn --- Disclose ... Disclose ... Disclose!

Dec 07, 2017 12:43 PM
Rainmaker
4,846,785
Richard Weeks
Dallas, TX
REALTOR®, Broker

Because there are state and federal laws that require it.  Plus it is a fiduciary responsibility.  Think OLD CAR

Obedience

Loyalty

Disclosure

Confidentiality

Accounting

Reasonable care

Dec 07, 2017 12:34 PM
Rainmaker
5,095,661
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Not to put too fine a point on it, but this has been asked and answered dozens and dozens of times... at least once a week... because it's the law.

Dec 07, 2017 10:15 AM
Rainmaker
5,187,910
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Each state seems to have differing opinions regarding what is right and what is wrong. Study your state law carefully!

Dec 07, 2017 12:52 PM
Rainmaker
5,772,353
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Dylan,

Our rule is : disclose or be deposed.  Why not follow the rules?

Dec 07, 2017 12:47 PM
Rainmaker
2,774,896
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

transparency puts everyone at ease...

Dec 07, 2017 11:04 AM
Rainmaker
1,712,551
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Because transparency is cool.

Dec 07, 2017 10:44 AM
Rainmaker
1,497,548
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Because the state says so!

Dec 07, 2017 10:30 AM
Rainmaker
706,402
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Agency is how we deal with our clients.  We represent them and their goals in a real estate transaction.  Sometimes what is best for them is not what is best for us, but our fiduciary duty to our clients as their agent requires us to put their interests above ours. 

Dec 07, 2017 10:15 AM
Rainmaker
502,889
Joseph Domino 480-390-6011
HomeSmart - Scottsdale, AZ
Real Estate Made Easy

Agency is one of the most misunderstood concepts in the real estate business. Unfortunately, most of the general public (and a good percentage of agents) think that we are nothing more than salespeople, like a car salesman. But an Agent is a representative, a role that comes with specific duties. Duties that must be disclosed and then fulfilled.

I always say I don't sell homes. I help people buy and sell homes. Big difference.

Dec 07, 2017 09:37 AM
Rainmaker
7,783,544
Roy Kelley
Retired - Gaithersburg, MD

You must comply with laws and regulations as well as considering good business practices.

Dec 07, 2017 09:36 AM
Ambassador
2,678,419
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

  Failure to disclose latent defects can get you sued into bankruptcy, and possibly face disciplinary action from your State's Real Estate Licensing Agency.

Dec 07, 2017 07:51 PM
Ambassador
6,348,261
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Important for everyone to know what is going on.

Dec 07, 2017 07:40 PM
Rainer
16,880
Tyra Hatcher Mitchell
Alliance Realty - Portland, ME
Southern Maine Realtor

Because I like starting things off on the right foot

Dec 07, 2017 06:39 PM
Rainmaker
5,583,167
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

because it's the law.... and you want to keep your license!

Dec 07, 2017 03:31 PM
Rainmaker
3,986,196
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

This is soething the classes should have taught you

Dec 07, 2017 03:17 PM
Rainmaker
1,466,207
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Dylan Dewey Disclosure protects the client and establishes a legal relationship between the client and the broker.

Dec 07, 2017 12:07 PM
Ambassador
3,338,299
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

It has something to do with legal requirments, the law, and the codes that go with them. 

Dec 08, 2017 06:48 AM
Rainmaker
755,555
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

Because it's the right thing to do & you'll be called out on it if something goes wrong later. 

Dec 08, 2017 05:59 AM
Rainmaker
599,124
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

It's required by law and it's the right thing to do for your client.

Dec 08, 2017 05:08 AM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Michael Jacobs nailed this one!

Dec 08, 2017 05:01 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

So all parties know the relationships and duties.

Dec 08, 2017 05:00 AM
Rainmaker
1,618,781
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Finally, this question is back. I started to miss it. 

Thank you! 

Dec 07, 2017 11:20 PM
Rainmaker
4,272,199
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Because I don't like to keep a lawyer on speed dial...

Dec 07, 2017 10:40 PM
Rainmaker
1,236,920
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

It is the law.

Dec 07, 2017 09:18 PM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Because it is a part of what makes agency, agency.

Dec 07, 2017 07:39 PM
Rainmaker
2,070,825
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL

What great answers are here

Sep 30, 2018 10:56 PM
Rainmaker
5,846,708
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

The law states you have to disclose.

Dec 10, 2017 03:10 PM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Good luck 

Dec 08, 2017 05:45 AM
Rainer
140,560
Richard L. McKinney P.A.
Atlantic Shores Realty Expertise - Port St Lucie, FL
For Results that MOVE you on the Treasure Coast!

It's not important. It's archaic in my opinion. 

Dec 08, 2017 04:08 AM