#172257 - 09/27/07 01:50 PM
Question regarding disclosure and Fair Housing
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Member
Registered: 07/09/07
Posts: 101
Loc: Washington, DC
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I understand that we are not to disclose/mention things like if there are child predators in a neighborhood, or if there is somone with AIDS who currently lives in the home one is selling,etc.
What I want to know is, when I am sitting with my client and they are about to sign the agency agreement with me, is it better to wait until they bring up such questions to let them know I am not permitted by law to mention/inform of such issues, or could I present a list or tell them right there before signing the agreement: "Mr. and Mrs. homebuyer, as your agent before you sign this agreement with me, I must let you know that by law, I am not allowed to disclose*insert various here* due to the Federal and *insert state here* Fair housing laws.
Which would be better, up front knowledge or simply waiting until such a question comes up?
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#172295 - 09/27/07 05:57 PM
Re: Question regarding disclosure and Fair Housing
[Re: pikes peak]
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Member
Registered: 07/09/07
Posts: 101
Loc: Washington, DC
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But my question was, can we state at that time when we are about to have them sign the agency agreement what we can and cannot disclose to them,rather than wait for them to bring it up...
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#172363 - 09/27/07 10:20 PM
Re: Question regarding disclosure and Fair Housing
[Re: MrsSea]
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Major Contributor
Registered: 09/01/06
Posts: 2297
Loc: upstate New York
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I rarely try to provoke these kind of questions but openly and as completely as possible answer them if they come up.
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#172679 - 09/29/07 10:50 AM
Re: Question regarding disclosure and Fair Housing
[Re: pikes peak]
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Member
Registered: 07/09/07
Posts: 101
Loc: Washington, DC
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#173377 - 10/02/07 10:48 PM
Re: Question regarding disclosure and Fair Housing
[Re: MrsSea]
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Member
Registered: 06/01/06
Posts: 310
Loc: california
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I understand that we are not to disclose/mention things like if there are child predators in a neighborhood, or if there is somone with AIDS who currently lives in the home one is selling,etc.
What I want to know is, when I am sitting with my client and they are about to sign the agency agreement with me, is it better to wait until they bring up such questions to let them know I am not permitted by law to mention/inform of such issues, or could I present a list or tell them right there before signing the agreement: "Mr. and Mrs. homebuyer, as your agent before you sign this agreement with me, I must let you know that by law, I am not allowed to disclose*insert various here* due to the Federal and *insert state here* Fair housing laws.
Which would be better, up front knowledge or simply waiting until such a question comes up? This is the broker's decision, and whether you have an affirmative duty under state law to make such disclosures. If you are not required to make such disclosures, it is a matter of choice.
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#202890 - 02/14/08 09:27 AM
Re: Question regarding disclosure and Fair Housing
[Re: Indy Broker]
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Moderating
Member
Registered: 02/04/07
Posts: 73
Loc: Northern California
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in CA, you have to disclose what you know and that which is material to the transaction.
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