During a negotiation, and before opening escrow, must an agent disclose if they are related to a buyer or seller?
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During a negotiation, and before opening escrow, must an agent disclose if they are related to a buyer or seller?
Asked on April 20, 2012 under Real Estate Law, California
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
Under the laws of all states in this country, the listing agent (agent who is selling the property) is required to disclose all material matters that would affect desirability or price paid with respect to the property as well as his or her relationship with anyone in the transaction if applicable.
The above does not apply to the selling agent (agent representing the buyer) with the exception if the selling agent is related to the seller.
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