Spam prevention
Rainmaker
2,779,850
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Yes, that finger is pointing at you.   This "practice" varies by state/jurisdiction Know it well.  Know it thoroughly.  Good Luck.

Dec 07, 2017 10:03 AM
Rainmaker
364,009
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Because it may be a license law in your state. Check with your local real estate commission.

Dec 07, 2017 01:42 PM
Rainmaker
314,318
Diana Dahlberg
1 MONTH REALTY - Kenosha, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

Are you a REALTOR?  Seems like a strange question for someone who passed the test and knows the laws of our state and national.  

One of the first things we learn --- Disclose ... Disclose ... Disclose!

Dec 07, 2017 12:43 PM
Rainmaker
2,267,032
Richard Weeks
Dallas, TX
REALTOR®, Broker

Because there are state and federal laws that require it.  Plus it is a fiduciary responsibility.  Think OLD CAR

Obedience

Loyalty

Disclosure

Confidentiality

Accounting

Reasonable care

Dec 07, 2017 12:34 PM
Rainmaker
2,103,518
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Not to put too fine a point on it, but this has been asked and answered dozens and dozens of times... at least once a week... because it's the law.

Dec 07, 2017 10:15 AM
Rainmaker
2,375,086
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Each state seems to have differing opinions regarding what is right and what is wrong. Study your state law carefully!

Dec 07, 2017 12:52 PM
Rainmaker
3,423,821
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding and Marketing

Dylan,

Our rule is : disclose or be deposed.  Why not follow the rules?

Dec 07, 2017 12:47 PM
Rainmaker
2,191,138
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

transparency puts everyone at ease...

Dec 07, 2017 11:04 AM
Ambassador
1,234,484
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Because transparency is cool.

Dec 07, 2017 10:44 AM
Rainmaker
969,515
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Because the state says so!

Dec 07, 2017 10:30 AM
Rainmaker
230,335
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Agency is how we deal with our clients.  We represent them and their goals in a real estate transaction.  Sometimes what is best for them is not what is best for us, but our fiduciary duty to our clients as their agent requires us to put their interests above ours. 

Dec 07, 2017 10:15 AM
Rainmaker
35,813
Joseph Domino 480-390-6011
HomeSmart - Scottsdale, AZ
Real Estate Made Easy

Agency is one of the most misunderstood concepts in the real estate business. Unfortunately, most of the general public (and a good percentage of agents) think that we are nothing more than salespeople, like a car salesman. But an Agent is a representative, a role that comes with specific duties. Duties that must be disclosed and then fulfilled.

I always say I don't sell homes. I help people buy and sell homes. Big difference.

Dec 07, 2017 09:37 AM
Rainmaker
4,270,848
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

You must comply with laws and regulations as well as considering good business practices.

Dec 07, 2017 09:36 AM
Ambassador
1,850,729
Fred Griffin
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

  Failure to disclose latent defects can get you sued into bankruptcy, and possibly face disciplinary action from your State's Real Estate Licensing Agency.

Dec 07, 2017 07:51 PM
Ambassador
3,101,077
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams fox cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Important for everyone to know what is going on.

Dec 07, 2017 07:40 PM
Rainer
11,234
Tyra Hatcher Mitchell
Alliance Realty - Portland, ME
Southern Maine Realtor

Because I like starting things off on the right foot

Dec 07, 2017 06:39 PM
Rainmaker
3,948,372
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

because it's the law.... and you want to keep your license!

Dec 07, 2017 03:31 PM
Rainmaker
3,332,051
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

This is soething the classes should have taught you

Dec 07, 2017 03:17 PM
Rainmaker
1,280,552
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Dylan Dewey Disclosure protects the client and establishes a legal relationship between the client and the broker.

Dec 07, 2017 12:07 PM
Rainmaker
2,434,409
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale - Probate Broker

It has something to do with legal requirments, the law, and the codes that go with them. 

Dec 08, 2017 06:48 AM
Rainmaker
347,138
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

Because it's the right thing to do & you'll be called out on it if something goes wrong later. 

Dec 08, 2017 05:59 AM
Rainmaker
494,749
Nathan Gesner
American West Realty & Management - Cody, WY
Broker / Property Manager

It's required by law and it's the right thing to do for your client.

Dec 08, 2017 05:08 AM
Rainmaker
2,617,650
Tony and Suzanne Marriott, Associate Brokers
Haven Express @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Michael Jacobs nailed this one!

Dec 08, 2017 05:01 AM
Rainmaker
3,930,029
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

So all parties know the relationships and duties.

Dec 08, 2017 05:00 AM
Rainmaker
1,215,483
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Los Angeles CA

Finally, this question is back. I started to miss it. 

Thank you! 

Dec 07, 2017 11:20 PM
Ambassador
2,517,843
Paul S. Henderson, REALTOR®,CRS,
RE/MAX Professionals. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

Because I don't like to keep a lawyer on speed dial...

Dec 07, 2017 10:40 PM
Rainmaker
785,266
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

It is the law.

Dec 07, 2017 09:18 PM
Ambassador
3,366,489
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Because it is a part of what makes agency, agency.

Dec 07, 2017 07:39 PM
Rainmaker
3,226,705
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

The law states you have to disclose.

Dec 10, 2017 03:10 PM
Rainmaker
3,709,727
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Good luck 

Dec 08, 2017 05:45 AM
Rainer
91,909
Richard L. McKinney P.A.
Atlantic Shores Realty Expertise - Port St Lucie, FL
For Results that MOVE you on the Treasure Coast!

It's not important. It's archaic in my opinion. 

Dec 08, 2017 04:08 AM