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Answers (14)
- Kellee and Debbee Heldoorn, "Heldoornteam"
- Contributions:154
Absolutely, they must disclose any type of relationship to the buyer.
- Dunes....
- Contributions:3894
The public can read/decide who's full of it and who isn't....They ain't stupid
Hundreds of Consumers/Non-Agents have posted publicly in this Forum their appreciation of Roberto..who has never spammed, never cheated for TU's, never done the call me, let me give a referral, I'm the Best Agent ever and has been posting here since 2007...
Help People...Roberto has a Track Record of doing just that in this Forum..... and of not doing it to "Get his name out"
Roberto may sometimes be considered harsh but he has seldom been proven wrong...never been proven to have lied and doesn't cheat "Honor" systems to "Look Good"
TU's to you S. Chris Webb...and Thanks for the info
I
Hundreds of Consumers/Non-Agents have posted publicly in this Forum their appreciation of Roberto..who has never spammed, never cheated for TU's, never done the call me, let me give a referral, I'm the Best Agent ever and has been posting here since 2007...
Help People...Roberto has a Track Record of doing just that in this Forum..... and of not doing it to "Get his name out"
Roberto may sometimes be considered harsh but he has seldom been proven wrong...never been proven to have lied and doesn't cheat "Honor" systems to "Look Good"
TU's to you S. Chris Webb...and Thanks for the info
I
- S. Chris Webb, "PHX AZ RE BROKER"
- Contributions:411
NAR is nation-wide, and as I linked to earlier, if you are a REALTOR®, in ANY state, you are subject to the NAR code of ethics which states:
"REALTORS® shall not acquire an interest in or buy or present offers from themselves, any member of their immediate families,...without making their true position known to the owner or the owner's agent or broker."
"REALTORS® shall not acquire an interest in or buy or present offers from themselves, any member of their immediate families,...without making their true position known to the owner or the owner's agent or broker."
- Julie Adams, "REALTOR JULIE ADAMS"
- Contributions:7
The National Association of Realtors Requires that an Agent must Disclose that they are in fact related.
- Brian Teyssier, "Brian Teyssier GRI"
- Contributions:964
In PA, related - no. Owner or some sort of partner - yes.
- Jim Basquette CRS, CNE, "Jim Basquette"
- Contributions:1231
Azrob,
I know you would rather be right, but you answered the wrong question. If you are going to criticize other answers expect some feedback and clarification.
My answer was not wrong, I did not say if the buyers relationship should or should not be disclosed as I was not sure of the relationship the buyer had to the agent or any specific rules in Wisconson. It did say a sellers agent should disclose and that a buyers agent doesn't represent the seller so you should expect they are working on the buyers behalf not the sellers. From a practical standpoint is does not matter who the buyer is. I did not say if it should or should not be disclosed because I was not sure of the relationship the buyer has to the agent or and specific rules in Wisconsin.
Your answer was about a relationship to a seller, not a buyer as the poster asked. The post by Chris was great, but did not verify what you said to me.
Tt would be helpful if you would answer questions to help the poster, not to just get your name out there and irritate those who do. You have been told this numerous times by other posters.
I know you would rather be right, but you answered the wrong question. If you are going to criticize other answers expect some feedback and clarification.
My answer was not wrong, I did not say if the buyers relationship should or should not be disclosed as I was not sure of the relationship the buyer had to the agent or any specific rules in Wisconson. It did say a sellers agent should disclose and that a buyers agent doesn't represent the seller so you should expect they are working on the buyers behalf not the sellers. From a practical standpoint is does not matter who the buyer is. I did not say if it should or should not be disclosed because I was not sure of the relationship the buyer has to the agent or and specific rules in Wisconsin.
Your answer was about a relationship to a seller, not a buyer as the poster asked. The post by Chris was great, but did not verify what you said to me.
Tt would be helpful if you would answer questions to help the poster, not to just get your name out there and irritate those who do. You have been told this numerous times by other posters.
I'd rather have a less than perfect analogy than be completely wrong, jim...
- Jim Basquette CRS, CNE, "Jim Basquette"
- Contributions:1231
Azrob,
Is that what you were trying to say? ;~)
Is that what you were trying to say? ;~)
thanks for looking those up and verifying what I pointed out to Jim, S. Chris Webb!
ANY relationship to either party should be disclosed, especially if it might jeopardize or be perceived to jeopardize your ability and objectivity vis-a-vis your client.
ANY relationship to either party should be disclosed, especially if it might jeopardize or be perceived to jeopardize your ability and objectivity vis-a-vis your client.
- S. Chris Webb, "PHX AZ RE BROKER"
- Contributions:411
p.s. This is also article 4 in the NAR Code of Ethics, so disclosure would apply to ANY REALTOR® in the Nation:
Article 4
REALTORS® shall not acquire an interest in or buy or present offers from themselves, any member of their immediate families, their firms or any member thereof, or any entities in which they have any ownership interest, any real property without making their true position known to the owner or the owner's agent or broker. In selling property they own, or in which they have any interest, REALTORS® shall reveal their ownership or interest in writing to the purchaser or the purchaser's representative. (Amended 1/00)
# Standard of Practice 4-1
For the protection of all parties, the disclosures required by Article 4 shall be in writing and provided by REALTORS® prior to the signing of any contract. (Adopted 2/86)
Article 4
REALTORS® shall not acquire an interest in or buy or present offers from themselves, any member of their immediate families, their firms or any member thereof, or any entities in which they have any ownership interest, any real property without making their true position known to the owner or the owner's agent or broker. In selling property they own, or in which they have any interest, REALTORS® shall reveal their ownership or interest in writing to the purchaser or the purchaser's representative. (Amended 1/00)
# Standard of Practice 4-1
For the protection of all parties, the disclosures required by Article 4 shall be in writing and provided by REALTORS® prior to the signing of any contract. (Adopted 2/86)
- S. Chris Webb, "PHX AZ RE BROKER"
- Contributions:411
This may vary from state to state, but:
RL 24.05 in Wisconsin reads:
(2) DISCLOSURE OF INTEREST. A licensee acting as an agent in
a real estate or business opportunity transaction may not act in the
transaction on the licensee's own behalf, on behalf of the licensee's
immediate family or firm, or on behalf of any other organization
or business entity in which the licensee has an interest without
the prior written consent of all parties to the transaction. For the
purpose of this subsection, a licensee may obtain the written consent
in the offer to purchase, option, lease or other transaction contract.
(3)
It is commissioners' rule in Arizona:
A Sales Associate shall not act directly or indirectly in a transaction without informing the other parties in the transaction, in writing and before the parties enter any binding agreement, of a present or prospective interest or conflict in the transaction, including that the:
1. Sales Associate has a license and is acting as a principal;
2. Purchaser or seller is a member of the salesperson's, broker's, or designated broker's immediate family;
3. Purchaser or seller
Both states say "immediate family". However, I make it a practise to disclose if I am related in any way to the buyer or seller.
RL 24.05 in Wisconsin reads:
(2) DISCLOSURE OF INTEREST. A licensee acting as an agent in
a real estate or business opportunity transaction may not act in the
transaction on the licensee's own behalf, on behalf of the licensee's
immediate family or firm, or on behalf of any other organization
or business entity in which the licensee has an interest without
the prior written consent of all parties to the transaction. For the
purpose of this subsection, a licensee may obtain the written consent
in the offer to purchase, option, lease or other transaction contract.
(3)
It is commissioners' rule in Arizona:
A Sales Associate shall not act directly or indirectly in a transaction without informing the other parties in the transaction, in writing and before the parties enter any binding agreement, of a present or prospective interest or conflict in the transaction, including that the:
1. Sales Associate has a license and is acting as a principal;
2. Purchaser or seller is a member of the salesperson's, broker's, or designated broker's immediate family;
3. Purchaser or seller
Both states say "immediate family". However, I make it a practise to disclose if I am related in any way to the buyer or seller.
- Jim Basquette CRS, CNE, "Jim Basquette"
- Contributions:1231
Azrob,
Read the posters question and the answer before answering.
He is asking about the relationship to the buyer, not the seller.
I already said if the sellers agent is related to the buyer it should be disclosed and that the buyers agent will work for their client not the seller.
Read the posters question and the answer before answering.
He is asking about the relationship to the buyer, not the seller.
I already said if the sellers agent is related to the buyer it should be disclosed and that the buyers agent will work for their client not the seller.
Of course they Need to disclose this. Jim do you think if the buyers agent is selling his wife's house, that he will work harder for his client than his spouse?
- Jim Basquette CRS, CNE, "Jim Basquette"
- Contributions:1231
I don't know for Wisconson, but keep in mind that the buyers agent does NOT represent the seller and is working for the buyers best interest. Always assume they, related or not, are trying to get the best price and terms for their client. So really, it doesn't matter if they are related or not.
If the sellers agent is related to the buyer, it should be disclosed.
I hope that helps.
If the sellers agent is related to the buyer, it should be disclosed.
I hope that helps.
Do real estate agents have to disclose if they are related to the buyer?
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