#172257 - 09/27/07 01:50 PM
Question regarding disclosure and Fair Housing
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Member
Registered: 07/09/07
Posts: 154
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: 154
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: 2832
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: 154
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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#309939 - 10/16/09 01:24 AM
Re: Question regarding disclosure and Fair Housing
[Re: oakenfold]
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Member
Registered: 09/02/09
Posts: 41
Loc: Arizona White Mountains
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When working with Buyers it is always a good idea to get them to commit/sign a Buyer's Broker agreement. Don't invent trouble for yourself and give thema list of things that are not relevant. Don't concern yourself with what you perceive they may thing they are entitled to know, that the Federal Government prohibits you from disclosing. If you feel uncomfortable telling them that you may not answer a question such as "The Seller is obviously Gay and he looks very sick, do you know if he has aids?" Don't get into a conversation with your Buyer on the topic, simply explain to them that it is against Federal Law to disclose certain things due to protected classes. Whether or not a person is HIV+ or has aids is one of the things tha would place a person in a protected class and you may not disclose and therefore you cannot discuss with them. I always tell Buyers that the presence of registered sex offenders is tracked by the County Sheriff and if they need that information they (not you) may obtain that information from the Sheriff.
_________________________
Gray Grantham PLC Broker Show Low AZ Member - ARMLS
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Registered: 06/29/07
Posts: 316
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