Ok, I know i need to disclose in advance whether my real estate agent license is active or not but how about if my license has expired. Do I still need to disclose that I used to hold an active real estate agent license & that I have knowledge in real estate? This regards to California.
2007-05-18 08:28:07 · 5 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
In today's legal environment, it pays to fully disclose everything.
2007-05-18 11:52:00 · answer #1 · answered by Maureen M 1 · 0⤊ 0⤋
Disclose it.
If there are any legal problems down the road with the purchase, you will get creamed in court because you will be viewed as having superior knowledge to the poor innocent seller.
I know it sounds stupid, but it is reality.
2007-05-18 11:26:14 · answer #2 · answered by mrdivots 2 · 0⤊ 0⤋
You have no real duty to report your expired status. I am sure the sellers or their agent will catch on to your knowledge when the contract is negotiated. This should be to their benefit because they will be dealing with an experienced buyer so to say.
2007-05-18 08:33:08 · answer #3 · answered by Anonymous · 0⤊ 0⤋
James- you're a real sources agent interior the state of California, you have an obligation to disclouse your genuine sources license. Disclousure is amazingly straight forward and maximum litigation with brokers contain non-disclousure subject concerns. in keeping with probability that's advisable to check this jointly with your broking provider. exhibit, exhibit exhibit
2017-01-10 06:59:43 · answer #4 · answered by ? 4 · 0⤊ 0⤋
I would advise disclosure, in the event that your license is merely in 'inactive' status. I do not see any harm in such a disclosure.
2007-05-18 08:32:26 · answer #5 · answered by acermill 7 · 0⤊ 0⤋