pop-a-note
REsource- Real Estate Content Solutions
RISMedia's Real Estate Information Network Member Directory

Are agents responsible for disclosing material facts?

Print Article Print Article

They can certainly be held accountable, particularly if they had prior knowledge of a material fact or should have known about it.

For example, if the seller has to use pans to collect water after a heavy rain, it is the agent’s responsibility to question the seller about the integrity of the roof, and then relay this information to potential buyers. However, if the seller duly hides a defect from the agent for which the agent had no prior knowledge, then the agent is not accountable. Experts say agents are not home inspectors, but they are expected to use their best judgement when something appears suspicious.

Join RISMedia on Twitter and Facebook to connect with us and share your thoughts on this and other topics.

Need blog or newsletter content or easy, stay-in-touch e-Marketing solutions? Check out REsource and Pop-a-Note!

Send us feedback

Copyright© 2013 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.


© 2013 RISMedia. All Rights Reserved Contact Us | Content Usage and Privacy Policy