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I'm Not Allowed to Answer That Question! FAQ Real Estate Southeast OK ~ It's Confidential!

By 1~Judi Barrett

Real Estate Agent with Integrity Real Estate Services 116 SE AVE N, Idabel, OK 74745 141871

May 28, 2012 11:28 AM

I'm Not Allowed to Answer That Question! FAQ Real Estate Southeast Oklahoma ~ It's Confidential! While I appreciate the question that you are asking... I am NOT allowed to answer that question.

Frequently Asked Confidential Questions that I'm NOT allowed to answer:

1. What's the bottom dollar that the seller is willing to accept?

2. What's the most that the buyer is willing to pay?

3. Why is the seller selling?

4. Why is the buyer buying?

These are frequently asked questions that I'm NOT allowed to answer even if I know the answer. Disclosing this information about one side of the transaction to the other side could create an unfair advantage in negotiations.

Oklahoma is a Transaction Broker State and I work as a Transaction Broker.

If permission is granted to divulge this information (in writing) or the information becomes public information (but not through me) then I can divulge it.

But if that's not the case, then the answer is always:

I'm sorry but Oklahoma State Law does not allow me to answer that.

Other FAQS:

FAQ about Real Estate in Southeast Oklahoma. Questions about Surveys

FAQ about Real Estate in Southeast Oklahoma: Questions about Appraisals

FAQ about Real Estate in Southeast Oklahoma: Questions about Mineral Rights

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Hella Mitschke Rothwell

(831) 626-4000 - Honolulu, HI

Hawaii & California Real Estate Broker

And they keep asking, don't they? And they try to make it sound so reasonable as in "but then we don't have to go back and forth and waste time coming to an agreement." That was the last one I got from a buyer of a vacant last listing. Answer? Make a written offer.

May 28, 2012 11:38 AM

Valarie Swanson

CENTURY 21 Award - San Diego, CA

San Diego Real Estate

Buyers like to ask about whether or not a neighborhood is a good area. I hate when people ask me that. I can't answer that question!

May 28, 2012 11:39 AM

Endre Barath, Jr.

Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA

Realtor - Los Angeles Home Sales 310.486.1002

Judi, what a great post about the normal "fishing questions". HOpe you had a great Memorial Day Weekend!

May 28, 2012 11:46 AM

Sharon Parisi

United Real Estate Dallas - Dallas, TX

Dallas Homes

Judi, I require Sellers to complete and sign our Texas form clearly stating what information can be shared with potential buyers.

May 28, 2012 12:15 PM

Dr. Paula McDonald

Beam & Branch Realty - Granbury, TX

Granbury, TX 936-203-0279

Great post that I have suggested. It amazes me how many agent will attempt to answer those questions. Happy Memorial Day.

Richard Iarossi

Coldwell Banker Residential Brokerage - Crofton, MD

Crofton MD Real Estate, Annapolis MD Real Estate

Judi,

We don't do transaction brokerage here in Maryland, so it makes it a bit easier what we can and can't disclose.

Rich

May 28, 2012 06:23 PM

Debbie Gartner

The Flooring Girl - White Plains, NY

The Flooring Girl & Blog Stylist -Dynamo Marketers

Yes, I'm sure those questions come up all the time, and as a fiduciary agent, you need to protect your client's interests.

May 28, 2012 08:42 PM

1~Judi Barrett

Integrity Real Estate Services 116 SE AVE N, Idabel, OK 74745 - Idabel, OK

BS Ed, Integrity Real Estate Services -IDABEL OK

Debbie, Oklahoma is not an agency state. I am not a fiduciary agent. I work as a Transaction Broker. These questions are part of the Transaction Broker Disclosure Form that lists what confidential information is.

May 28, 2012 10:14 PM

Rich, Oklahoma is different in several ways from our surrounding states of Texas, Kansas, & Arkansas. It makes it extremely important for buyers to work with a real estate licensee. Thanks for the comment.

May 28, 2012 10:20 PM

Paula, Thank you for the suggest! You are so right.

May 28, 2012 10:21 PM

Susan Mangigian

RE/MAX Preferred - West Chester, PA

Chester & Delaware County Homes, Delaware and Ches

Add to that where is the nearest church or synagogue and are there many children in the area.

May 31, 2012 10:22 PM

I'm Not Allowed to Answer That Question! FAQ Real Estate Southeast OK ~ It's Confidential!

Comments(11)

1~Judi Barrett

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