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Rainmaker
1,543,823
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

Legally required.

Feb 19, 2020 07:05 PM
Rainmaker
2,390,620
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Because past transgressions from greedy agents selling their own properties allowed them to bid-up the buyer without their knowledge.

Feb 19, 2020 05:51 PM
Ambassador
5,230,079
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Because it's the law!

Feb 19, 2020 10:59 PM
Rainmaker
1,311,397
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Disclosure is not important...not if you don't mind being sued, having complaints filed against you, being fired by your broker and, maybe, losing your license.

It has to do with basic truth and honesty.

Feb 19, 2020 10:35 PM
Rainmaker
5,772,575
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Very simple, disclose or be deposed by an attorney and lose your license. A

Feb 19, 2020 08:31 PM
Ambassador
3,345,091
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

It is a legal requirement.  

I wish you all the best with your real estate studies. 

Feb 20, 2020 11:01 AM
Rainmaker
2,182,552
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

It builds trust and confidence

Feb 20, 2020 07:30 AM
Rainmaker
7,836,134
Roy Kelley
Retired - Gaithersburg, MD

You need to provide required disclosures to stay out of trouble.

Feb 20, 2020 06:20 AM
Rainmaker
2,781,173
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

There are disclosures on food products, product usages, medicines and in relationships quite a few disclosures. In the professional worlds licensing requires it considering the size of the purchases & of their one time nature

Feb 20, 2020 06:10 AM
Ambassador
6,393,404
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

 A good way to stay out of court.

Feb 20, 2020 05:10 AM
Rainmaker
3,416,038
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

The short answer is because it is the law

Feb 20, 2020 04:44 AM
Rainmaker
5,216,398
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

It eliminates ambiguity and potential legal problems. 

Feb 21, 2020 04:40 AM
Ambassador
3,125,819
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

All parties must be known legally.

Feb 20, 2020 06:34 PM
Rainmaker
900,128
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Legality and transparency.

Feb 20, 2020 03:12 PM