During Escrow - Can a Realtor give out information?

Question

If someone is in escrow can the realtor give out information such as:

Who bought the property?
How much they put down?
How long is the escrow?

Answer 1

Its public information so it is perfectly legal for anyone to give out. But most ethical Realtors wont give out your info, but if you are thinking a realtor put you on some sort of mailing or calling list, it is most likely just the public information gained by these marketing firms.

Answer 2

It depends on who the Realtor is talking to. If the property is in escrow, the major players (lender, escrow officer, title company, listing agent, selling agent, buyer and seller) already have that information. The only people who wouldn't have it are vendors (termite company, repairmen, anyone who's done work on the property. They want to know so they can determine when they're going to get paid).

Otherwise, the information is supposed to be confidential. Information about who bought / sold the property will be made a matter of public record once the escrow has closed. The loan amount will be made public when the Deed of Trust (mortgage) is recorded. The length of the escrow won't be.

If you have a specific concern about keeping information confidential, then you should talk to your Realtor and Escrow Officer.

Answer 3

As a Realtor, no I wouldn't give out that information. It's private until it is recorded at the County level. As for specifics about the transaction, I only tell the the final sales price, unless it's an appraiser asking for it. Sometime it takes awhile for the county to post the sale information. So Appraiser's do call from time to time asking for such information and they are the only ones I would give any information to.

Answer 4

As a Realtor, I would never give the info out...just like playing poker. If I tell everyone how much I got a contract for and the current contract falls through, then I have just told EVERYONE what you will settle for (especially if the price is lower than your asking price)
However, like everyone else said, that information WILL be public record eventually. I won't reveal it to anyone that doesn't need to know it even ten years later. I will tell them to go look it up!

Answer 5

You made the errors trusting a pre approval. In approximately ten minutes, i will get a pre approval letter for a ham and cheese sandwich. and that's all the load a pre approval holds. If she replaced into marginal first of all, her purchases in all probability doomed her possibilities of having financing to your belongings. you could desire to talk to a third individual, and that individual is the coping with broking provider of the corporation in contact right here. You deserve solutions and a explanation. unhappy to declare, I trust others which you're waiting for no longer something and could in the present day and aggressively seek for yet another customer. Sounds to me like the two brokers in contact are dragging this out as long as available, in hopes that this lady will locate financing and salvage their value exams.

Answer 6

Yikes, its really sad that these people above are saying this. THE ANSWER IS NO. It is aviolation of the Realtor code of ethics. Go to www.Realtor.org and search for standards of practice.

Answer 7

Yes they can.

Answer 8

Yes, they can.