Placing Wrong Tax Info on Listing May Get You in Trouble

Real Estate Agent with Gladstone Group & Long Island Business Brokerage 10311202691

Real estate licensees have a duty to provide accurate information on their listings.  Placing false, inaccurate or misleading information on a listing can result in incurring fines for violation of MLS Rules or the Code of Ethics (I assume the same or similar rules apply at all Boards), in addition to violations of DOS Rules and Regulations.

A licensee who provides incorrect taxes on a listing may not be protected by including such language as "the information on this listing is not guaranteed to be accurate".  A licensee has a duty to use reasonable care in obtaining accurate information. 

This means verifying the taxes before placing them on the listing by contacting the County and/or Town for the most up-to-date tax information.

Information obtained courtesy of the Long Island Multiple Listing Service

Comments (6)

Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Gail - It is our responsibility as professional real estate agents to provide as much accurate information on the listing as we possibly can.

Nov 06, 2015 08:35 AM
Sal Poliandro - Helping People Win
RE/MAX Properties - Ridgewood, NJ
Broker Associate

Thanks for timely info. Towns in NJ usually update the current taxes this time of year. 

Nov 06, 2015 11:03 AM
Melissa Jackson
Century 21 Alliance Properties - Azle, TX
Helping You Make The Right Move

Yesterday I noticed the tax info recently increased and I had to change the amount in our MLS.

Nov 06, 2015 12:58 PM
Gail Gladstone
I have on my calendar every January, to confirm and update all of the taxes on all of the properties we represent. It's a really safe thing to do.
Nov 06, 2015 08:24 PM
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

We do not provide public with tax information on flyers~ fortunately;) 

Nov 06, 2015 05:31 PM
Gail Gladstone
Is it safe to assume that you must provide that tax information somewhere available to the consumer to see? Then this would apply to you as well.
Nov 06, 2015 08:23 PM
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

An important reminder for all of us, Gail!  Thanks for sharing this with us.

Nov 07, 2015 02:29 AM
Larry Riggs
Century 21 Redwood - Frederick, MD
GRI, SRS Your Frederick County Specialist

Our MLS system has a link to the property tax record and will autofill the information in the listing. If municipalities have incorrect information in their records there is not much we can do about that. While I agree that deliberately providing false information is a serious issue, if our source is incorrect the liability lies with the provider. (Of course they have immunity)

Nov 14, 2015 10:50 PM