I Passed My Broker's Exam!

Sarah Stelmok, ABR, GRI, Fredericksburg VA (Century 21 New Millennium) — Fri, 29 Feb 2008 14:52:37 -0600

I just want everyone to know! I am super excited! I passed on the first try! Yay!

Disclosure of License

Sarah Stelmok, ABR, GRI, Fredericksburg VA (Century 21 New Millennium) — Thu, 17 Jan 2008 18:53:13 -0600

Quick question, when does a licensee have to disclose that they have a license? I'm not talking about Realtors, that is clearly defined. But when does a person who has a real estate license have to tell another licensee that they have an active real estate license?

Scenario: I was showing properties to a Buyer who had contacted me about three properties they wanted to see in one neighborhood. I asked if they were working with a Realtor and she said no. I met her at the properties and showed her all three. I emailed her information on those listings and continued to update her thru the next week. She called me again and asked if she could look at all three again with her mother. I met them on a Sunday and showed all three properties to them. All along I discussed financing options and the marekt and possible offer amounts for each. At the third property, after neing in the house for 15 minutes, the mother informs me that she has an active license and that she will be representing her daughter in a contract. She then says that she is not a Realtor and does not have lockbox or MLS access. When shoudl she have disclosed to me that she has a license? I am not concerned about the agency issues, those have already been addressed.

UPDATE!!!: I was able to talk to the state association attorney today at a seminar I had to attend. He said that our state laws says that Licensees are not allowed to misrepresent any material fact about themselves or defects in regards to a transaction. He thinks that this scenario falls under that. What he says it comes down to is would the knowlege of her license have effected the way I treated her or her daughter in regards to showing the property. I would have acted differently had I known she had a real estate license. I wouldn't have shown her daughter any listings as a Buyer's Agent. He believes that the local DPOR will be very interested to hear this complaint. He also has issues with her saying that she had "just" been licensed. Clearly she had been licensed for a year and a half. This is again a misrepresentation. He also said that I would have had a problem finding this in the state licensing statutes. It is hidden in the middle of some legalese.

I will be filing the complaint tomorrow and I will update you with the outcome. I really do appreciate all of your comments!

Sarah's Blog

I Passed My Broker's Exam!

Disclosure of License