Buyers Beware!
How many times have you met a Realtor at a home or their office to show you homes? Do you know that on the first meeting with a Realtor you are supposed to receive a copy of "Broker Disclosure to Customers" if you have not signed a buyer agency contract with them? You should be asked to sign or initial this disclosure each time you meet with a different agent. If you continue to see or use the same agent, one disclosure should be good until you purchase or for one year.
It is extremely important for you, the buyer, to understand who is represented by whom in the transaction. The transaction is the entire buying process from looking at homes to the actual closing.
Even though this form is required, I find a lot of times, buyer's have never seen one. If you are asked to sign one, don't panic. This is a disclosure and NOT a contract. Since we are required to use them, a signature or even initials on the form help us prove that we gave you a copy.
Our company stores these in alphabetical order so we are able to produce them in case of audit. Believe it or not, real estate offices can and do have audits by the state.
If you have any questions regarding customer disclosure or any other aspect of real estate, please call me at 920-860-1555.
Theresa Cavanaugh
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