Posted by John Merchant on September 14, 2005 at 23:43:59:
While it might not be mandatory, why take any chances?
Disclose everything possible so the seller has nothing he can complain about.
Salesperson as the buyer - Posted by iKwak
Posted by iKwak on September 14, 2005 at 17:18:22:
It is mandatory to inform the seller that you (the salesperson) are interested in purchasing the property and that you are a licensed salesperson.
But is it “mandatory” to inform the seller that the interested buyer is your family member (father, uncle, and etc.)? Is it illegal to not inform the seller?
Thank you in advance.
Re: Salesperson as the buyer - Posted by iKwak
Posted by iKwak on September 15, 2005 at 20:56:15:
I appreciate the responses. Makes perfect sense.
Re: Salesperson as the buyer - Posted by Brian (UT)
Posted by Brian (UT) on September 15, 2005 at 11:13:08:
It’s mandatory in California, you could lose your license. Also if your a member of the National Association of Realtors you have a ethical obligation to do so.
What is the big deal, agents represent family all the time, it is something most sellers would not even question unless your the listing agent, is that what your really asking?
Brian