6,424,196
Your client may sue you too.
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Kathleen Daniels, Prob...
San Jose, CA
-
Carol Williams
Wenatchee, WA
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Diana Dahlberg
Pleasant Prairie, WI
-
Bob Crane
Stevens Point, WI
-
Susie Kay
Plano, TX
1,045,440
As a PERSONAL rule I disclose anything that I would want to know as a client whether it is required by law or not it feels like the right thing to do.
BE AN OPEN BOOK
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Kathleen Daniels, Prob...
San Jose, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Diana Dahlberg
Pleasant Prairie, WI
-
Susie Kay
Plano, TX
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
-
Francine Viola
Olympia, WA
509,449
Full disclosure is the only way to go.
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Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Diana Dahlberg
Pleasant Prairie, WI
-
Susie Kay
Plano, TX
2,402,162
I don't have a clue Paul S. Henderson, REALTOR®, CRS BUT I can't imagine not disclosing it whether obligated or not.
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Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Kathleen Daniels, Prob...
San Jose, CA
-
Michael Jacobs
Pasadena, CA
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Debe Maxwell, CRS
Charlotte, NC
-
Diana Dahlberg
Pleasant Prairie, WI
-
Susie Kay
Plano, TX
5,115,878
It's a no-no not to disclose, but I don't know about any automatic penalties. But if someone complains or sues, it could be costly.
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Kathleen Daniels, Prob...
San Jose, CA
-
Carol Williams
Wenatchee, WA
-
Diana Dahlberg
Pleasant Prairie, WI
-
Susie Kay
Plano, TX
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
613,494
Florida is full of "preferred" affiliates that provide illegal kickbacks to real estate agents. There are some die hard loyals brokers who will kill a deal if they cannot get their partner in on it.
Do they disclose? Some franchise offices do, but others...Nope. No mandatory agency disclosures either...so this is really the wild west.
Eve
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Kathleen Daniels, Prob...
San Jose, CA
-
Peter Mohylsky, Destin...
Miramar Beach, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Diana Dahlberg
Pleasant Prairie, WI
-
Susie Kay
Plano, TX
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
4,272,934
I have one agent who drives all his listings to a particular title and escrow and only gives the reps first name. It is his wife and he requests all P&S use her services. She is not a disinterested third party...
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Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Candice A. Donofrio
Fort Mohave, AZ
-
Susie Kay
Plano, TX
-
Michael Jacobs
Pasadena, CA
-
Nina Hollander, Broker
Charlotte, NC
5,772,957
Paul,
We disclose, disclose, disclose. I never have worried about disclosing because we always do. Living in California as one of the attorneys who spoke to our company said, "you can be sued if someone does not like the color of your eyes!" Sure the judge will throw it out of court, but you still have to defend yourself. A
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Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Diana Dahlberg
Pleasant Prairie, WI
-
Susie Kay
Plano, TX
4,583,990
Paul - do you mean penalties that surpass any possible 'karma'?
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Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Kathleen Daniels, Prob...
San Jose, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Bob "RealMan" Timm
Minot, ND
913,968
It's best to disclose all of those things you mentioned.
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Kathleen Daniels, Prob...
San Jose, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Diana Dahlberg
Pleasant Prairie, WI
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
5,257,589
Our company requires a signed Disclosure. I would highly recommend doing that even if you aren't required to do so. It's just the right thing to do!
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Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Bob "RealMan" Timm
Minot, ND
-
Kathleen Daniels, Prob...
San Jose, CA
-
Michael Jacobs
Pasadena, CA
-
Anthony Acosta - ALLAT...
Atlanta, GA
679,404
Disclose, Disclose, Disclose ... there is no other way to be open, fair and honest.
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Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
536,943
Not sure what penalties are but I would not want to continue without disclosing the facts. If we know we disclose.
No time for law suits.
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Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Diana Dahlberg
Pleasant Prairie, WI
1,325,759
I also know real estate agents whose significant other is a lender. Guess who does most of that agent's client's loans.
Disclosure and the freedom for the client to select their own service provider is mandatory.
Is there a penalty for not disclosing? Perhaps...especially if the transaction turns out badly and the client's attorney looks for someone with deep pockets to name in the lawsuit.
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Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Diana Dahlberg
Pleasant Prairie, WI
716,891
We don't have such a penalty, but I wouldn't do this without letting them know. You have to disclose if you are related to a seller or a buyer in the real estate contract, but a vendor? No.
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Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Diana Dahlberg
Pleasant Prairie, WI
1,847,621
Yes & no. I think that my company discloses that they own a title company. Does Susy Brown refer her husband Bob Black & mention that relationship? I bet not.
Should she, yes.
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Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Diana Dahlberg
Pleasant Prairie, WI
1,093,347
The first thing my broker taught me when I started in real estate was "When in doubt, disclose". Better to over disclose than under.
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Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Diana Dahlberg
Pleasant Prairie, WI
921,504
I have a very long list of disclosures regarding the ownership my broker has of many enterprises.I assure the client we will use none of them, but still the list is presented.
I also disclose I assume no responsibility for any allergens, whether it be peanuts, Oak pollen or politics, they may encounter during the necessary activities.
From time to time, when in a bind, I suggest they hire an electrician to install that GFIC outlet or, my security companion Sasquatch can do it. But they do need to feed the animals.
I am confident in this long list many violations have occurred. I do what needs to be done. But I try really hard not to break any laws. Like most of us, 60MPH is a challenge. And when something NEEDS to be done..............
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Michael Jacobs
Pasadena, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Diana Dahlberg
Pleasant Prairie, WI
3,350,439
While I do not have such relationships to refer, I am transparent and disclose everything.
We have something called Negligent Referral. I will leave it at that.
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Michael Jacobs
Pasadena, CA
-
Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Bob "RealMan" Timm
Minot, ND
-
Kathleen Daniels, Prob...
San Jose, CA
2,222,275
Always disclose, disclose, and disclose...
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Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
-
Anthony Acosta - ALLAT...
Atlanta, GA
577,750
It would be a conflict of interest, and I would not refer them in the first place. I give my Buyers a list of 3-4 House Inspectors and they can choose one.. if they don't have one already.
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Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
5,062,995
Not sure there is a penaly but disclosure is important, and you could get sued. THAT'S a penalty!
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Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
2,785,306
If something doesn't go right that lack of disclosure is used against you
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Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
-
Diana Dahlberg
Pleasant Prairie, WI
1,712,876
One needs to disclose.
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Bob "RealMan" Timm
Minot, ND
-
Kathleen Daniels, Prob...
San Jose, CA
-
Michael Jacobs
Pasadena, CA
-
Diana Dahlberg
Pleasant Prairie, WI
7,870,209
Disclosure is needed to avoid problems.
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Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
-
Diana Dahlberg
Pleasant Prairie, WI
1,506,773
I'm sure we do. Regardless, it is a good principle since there is a conflict of interest involved and you'd be possibly financially benefiting from the service.
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Bob "RealMan" Timm
Minot, ND
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Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Diana Dahlberg
Pleasant Prairie, WI
1,208,551
Not that I know of. But interesting question.
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Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
-
Kathleen Daniels, Prob...
San Jose, CA
2,189,772
Hi Paul S. Henderson, REALTOR®, CRS . I would take note of Bob Crane 's comment. You don't want to get tangled up in the other agents web of deceit.
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Michael Jacobs
Pasadena, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Bob Crane
Stevens Point, WI
4,800,132
I'm not sure. I think so.
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Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
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Kathleen Daniels, Prob...
San Jose, CA
1,728,667
The failure of disclosure of affiliations is full on very negative possibilities that will haunt an agent for a long time. Many have already directly answered your question...a good one!
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Michael Jacobs
Pasadena, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
716,529
Not that I'm aware of in AZ...
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Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
3,416,038
YES. the rule is disclose, disclose and disclose any and all business interests if that other party is related to you in any way
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Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
5,244,523
Disclosure is a necessity to avoid potential future problems including coverage by your E&O policy! Tread carefully!
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Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
1,625,153
Likely, but why not to disclose and get through all the trouble of someone reporting you eventually?
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Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
4,966,102
I would say yes but not 100% sure.
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Bob "RealMan" Timm
Minot, ND
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Kathleen Daniels, Prob...
San Jose, CA
3,986,308