If you have a real estate license but still list your home for sale with an agent, are you required to disclose that you have a license?
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If you have a real estate license but still list your home for sale with an agent, are you required to disclose that you have a license?
What is the consequence?
Asked on July 16, 2011 under Real Estate Law, Florida
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
In most States in this country, if you are a licensed real estate agent and are either the buyer or seller concerning a piece of real property, you have to disclose in writing to all parties that you are a real estate agent even if you have your own real estate agent listing the property for sale under a written listing agreement.
This is the case in California regardless if you are listing your home for sale with another real estate agent or a real estate brokerage that the seller agent is not affiliated with.
As with any real estate transaction when in doubt as a seller about disclosing something that might be material about the property or the knowledge that the seller may have about the property concerning its condition, it is alwys prudent to disclose the information to a prospective buyer and the selling agent/brokerage.
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