This is beyond your pay grade. Don't discuss things you don't know and that you don't need to get into. In short. Don't deliberately swim into deep water in the dark by yourself with no life preserver 

If you use a trigger term you have to disclose so the public is not misled. Don't mess with the Feds on this law. The penalities are stiff.

## I don't touch that topic.  Let the Lender and the Title Closer deal with it.

As a Realtor it is important NOT to discuss this. It is outside the bounds of your license. Leave it to the lenders to educate the client.

because get out of jail free cards are just for monopoly

Ditto Fred Griffin comment here.

Its the Law.

I believe it is law

 Not something an agent should even consider discussing.  That is lender territory.  

It's the law.

That I leave for the Lender to handle

This is a requirement.

That is not a question that a Realtor can answer...it is best answered by a lender or mortgage expert.

That sounds like a good question for our mortgage experts here on AR - I haven't a clue but interested to find out. I imagine it's required disclosure

It's the law. The Feds don't want lenders to mislead consumers, who are already confused.

"If you use a trigger term you have to disclose the APR, so that the public is not misled" Minnette Olsen.  I took the above quoted sentence from activerain.com's site.    

Minnette Olsen To my knowledge APR does not trigger full disclosure of down payment or percentage; nmber of payments; amount of payment; or finance charge. Refer to Reg Z.

Because the Feds are constantly trying to make the largest financial decision of someone's life "idiot proof", and in reality, making large financial decisions is not a game for idiots.

They think APR will help people see a "true cost" of a loan, but fail to realize that APR is not indicative of a "true cost", and certainly not indicative of a "best loan option".  

For example:  I could put a loan together for a client with sky high fees, and sell them on an ARM that would have a lower APR than a fixed rate loan with much lower fees.

Feds are looking for a magic bullet for people to understand large-scale finances, when there isn't one.

....but it's important to disclose because unfortuantely it's the Feds, not us, that make the rules, despite how stupid they are (the rules).

Don't pull that trigger and refer such questions to qualified professionals.  

It is a question better answered by legal counsel. The Feds are not lenient on this!

Best left to the lender!

Because the truth in lending requires it.

It believe because it is the law. Then, I let the lender do their job.

It is the law to do so. I let my loan officer explain that aspect

Minnette Olsen - it is for the consumers - so that they can compare apple to apple.