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Quick question all: My dad is selling his house with another brokerage. If I bring a buyer to them am I obligated to disclose my relationship with my buyer? I would tell them anyway but I'm wondering from a legal point of view.
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Michael Krotchie - REALTOR® - Coldwell Banker Residential Brokerage, NRT LLC 6970 N. Oracle Road, Suite 100 Tucson, AZ 85704 520.404.4996 -- Mobile 520.544.4545 -- Office Tucson Real Estate | Tucson Real Estate Blog |
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In Georgia you are legally required to disclose any relationship to either party.
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Dan Connolly Atlanta Georgia Atlanta Georgia Real Estate Atlanta Foreclosures Search for Atlanta Real Estate |
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Be careful. You are teetering on dual agency. If you don't want to get sued down the road from this buyer, disclose any relationship to the buyer that might create a dual agency relationship. Consult with your Broker if you are not sure. No one ever got sued for disclosing.
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The problem with the gene pool is...there is no lifeguard. |
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I plan on checking with my broker later, and like I mentioned, it would have been disclosed anyway. How would a dual agency enter into it if I have nothing to do with the selling agent or their brokerage?
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Michael Krotchie - REALTOR® - Coldwell Banker Residential Brokerage, NRT LLC 6970 N. Oracle Road, Suite 100 Tucson, AZ 85704 520.404.4996 -- Mobile 520.544.4545 -- Office Tucson Real Estate | Tucson Real Estate Blog |
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Hmm, i would talk to your broker on this one. Just as a side question, why is your dad selling his home with a different broker?
Jim 07960 Morris Township NJ
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James Boyer RE/MAX Properties Unlimited Morristown, NJ 07960 973-647-0253 Serving the Real Estate markets of Morristown, Morris Township, Madison NJ Real Estate, Chatham NJ , Summit, Short Hills, Millburn, Maplewood, South Orange, & West Orange Referals happily given and accepted. For information on home sales in New Jersey please contact. Morristown NJ Real Estate Madison NJ Real Estate Chatham NJ Real Estate |
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Haha should have cleared that up sooner (forgot) but I just recently got my RE license and he had already listed his house a couple months prior. Now a few months and two price drops later, he has decided to list with me when his agreement expires in the near future (if it doesn't sell before then).
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Michael Krotchie - REALTOR® - Coldwell Banker Residential Brokerage, NRT LLC 6970 N. Oracle Road, Suite 100 Tucson, AZ 85704 520.404.4996 -- Mobile 520.544.4545 -- Office Tucson Real Estate | Tucson Real Estate Blog |
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When you find yourself asking if you should disclose something, always better to disclose. My Golden Rule
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In South Carolina you are required to disclose that relationship. I agree with BC, you don't want something like that coming back and haunting you later.
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We need to disclose that up here in Canada(BC). Your dad should get an unconditional release on his contract and relist with you.
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