real estate disclosures Archives

Ruling on Transaction Brokerage

October 16, 2015August 1, 2002 by Jon Goodman

Buyer and seller are under contract. After the contract is formed and before the contract closes, the market value of the property increases dramatically. Before a due diligence contingency of the deal expires, the buyer seeks an extension of the contingency. Does a transaction-broker have a duty to disclose to the seller that the … Continue Reading

Disclosure of an Affiliated Business Arrangement

August 23, 2015March 1, 2000 by G. Roger Bock

Co-Author: Brad M. Lund, Esq. I am a real estate broker. If I refer a potential mortgage customer to a mortgage business in which my husband is employed or has an ownership interest, must I give the customer an “affiliated business arrangement” disclosure when making the referral? Under RESPA (the Real Estate Settlement Procedures Act), disclosure … Continue Reading