I'm in the process of selling my house and we are currently in escrow. The buyers scheduled their home inspection a couple of weeks ago. A plumbing inspector and chimney inspector were also hired by the buyers’ to perform additional inspections. My real estate agent was present at the time of the inspections, and was also present when the inspectors went over the reports with the buyers. He received copies of each of the inspection reports that day, however he failed to immediately disclose to me that there were severe structural problems found in the chimney.
Two weeks later he informs me that the buyers want a $17,000 repair credit for the chimney, because the chimney inspection revealed major structural problems. According to the chimney inspection report, structural defects were found and it was recommended that the chimney be entirely rebuilt. I was taken completely by surprise, and when I mentioned to my agent that I want to get independent estimates from chimney contractors, he advised against me against doing this or making any repairs. He pressured me to credit the buyers 17,000. He insisted that I offer them monetary credit and told me that they didn’t want me to do any repairs, or I would lose the sale. He finally forwarded me a copy of the chimney inspection report by email which showed that he's had a copy of the report for 2 weeks now but didn't say anything to me.
Does this fall under the failure to disclose rules? And why would he withhold that information from me?