Legal Blog - Disclosure

 
  • Mar 16, 2018

    Social Media Advertising Rules of the Road

  • Oct 31, 2016

    Latent Material Defects

    REALTORS® do, in fact, have an obligation to preserve confidential information gained in the course of any relationship with the client
  • Sep 30, 2016

    Disclose Accepted Offers with Unresolved Contingencies

  • Sep 27, 2016

    Disclosing Beyond the Property

    Disclosure of pertinent facts relating to the property and the transaction must be disclosed by a Realtor® to his client, but because state regulations and the Code of Virginia only disclosure of pertinent facts relating to the property may be disclosed by a Realtor® to a customer.
  • Sep 23, 2016

    Mold Killed My Dog

    The best course of actions is to note any potential problems, such as signs of water stains, provide a written notice to the client and recommend that they have a qualified specialist check the area to determine if there is a possible problem.
  • Sep 20, 2016

    Polybutylene Plumbing Nightmares

    Buying clients rely on agents to show them the neighborhoods they are looking for, the style of home they want, and the location they desire.
  • Sep 16, 2016

    Obligation to Disclose Defects Relating to Article 2 of the Code of Ethics

  • Sep 13, 2016

    Must You Disclose Megan's Law Information?

    A listing agent under the law would only have to disclose the information required under the Virginia Residential Property Disclosure Act
  • Sep 9, 2016

    Final Lead Hazard Rule Released

    Lead is considered a hazard if there are greater than: 40 micrograms of lead in dust per square foot on floors; 250 micrograms of lead in dust per square foot on interior window sills
  • Sep 7, 2016

    Do You Have to Disclose a House is Haunted?

    Virginia's Seller Disclosure law defines stigmatizing events (such as ghosts, murders, etc.) that had no material effect on the property as non-material.
  • Sep 5, 2016

    Avoiding Ethics Problems When Disclosing Information

    Realtors® have an obligation to preserve confidential information gained in the course of any relationship with the client
  • Sep 2, 2016

    Agents Buying Selling to One Another are Still Considered Realtors

    When representing a buyer, seller, landlord, tenant, or of the client as an agent, REALTORS® pledge themselves to protect and promote the interests of their client.
  • Aug 30, 2016

    New FTC Rule Requires Short Sale Disclosures

    The Federal Trade Commission has issued a final rule which requires three different disclosures from real estate agents assisting their clients in selling or purchasing a short sale property
  • Aug 26, 2016

    Lead Based Liability: Timing is Key

    As the listing agent, you must ensure compliance with the law. This means that you must inform the sellers of their obligations and make sure that either the seller or you personally complete all required activities.
  • Aug 23, 2016

    Failing to Disclose

  • Aug 19, 2016

    A Landlord's Guide to Diplomatic Immunity

    The best practice is for landlords, leasing agents and property managers to consider what policy they believe is best for them, and make sure to apply it consistently in order to avoid any potential allegations of discrimination.
  • Aug 16, 2016

    Residential Property Disclosure Act

    Virginia's Residential Property Disclosure Act requires real estate licensees to inform the parties to a transaction with whom they deal of their rights and obligations under the Act.
  • Aug 12, 2016

    Top 10 Claims Against Realtors

    This is the second article in a series entitled, "Top 10 Claims Against Realtors®". The #2 cause of claims against a Realtor®? Failure to Disclose.
  • Aug 9, 2016

    Suicide - Is It a Required Disclosable?

    The buyer's agent has notified her that the buyers learned from the neighbors that the seller's son committed suicide in the property a few years before. The listing agent wants to know if she was obligated to disclose this information and if she is going to get into any trouble because she did not know about the suicide?
  • Aug 5, 2016

    Discussion of Article 4

    Realtor®, Mr. Lister, listed his client, Mr. Seller's home and subsequently advised him to accept an offer from Mr. Buyer at less than the listed price. Mr. Seller later filed a complaint with the association against Mr. Lister stating that Mr. Lister had not disclosed that Mr. Buyer was Mr. Lister's father-in-law...