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Saturday, January 11, 2014

Did your real estate agent really say "Go find the answer because I do not have the answer?"

(1) Did your real estate agent really say "Go find the answer because I do not know it?"

(2) Or, did your real estate agent really say "Go find the answer because I can't answer it?"

My guess is their response resembled the latter question .  Sometimes your real estate agent will decline to answer your question for reasons explained below. 

You may be thinking "Why would a real estate agent not answer all my questions if they are here to help me?"

Some questions could result in a real estate agent violating the Fair Housing Act of 1968 which serves to protect certain classes from discrimination in the housing market.  These include race, color, national origin, religion, sex, familial status (whether someone has children or not), and handicap.

So, for example,  responding to questions about the composition of the neighborhood or whether there are any kids could be a violation.  Your real estate agent should know which questions they can answer.

Even questions that don't violate housing laws can open a real estate agent up to potential liabilities.  Things like the crime rate and the school quality are best answered by the appropriate sources.  In this case, the local law enforcement department and the school board.

A few other areas of potential liability includes questions about the condition of the property (seek licensed inspector), survey boundaries, what will be built on the vacant lot, when a sound wall will be constructed, tax (CPA) and legal questions (attorney).

Aside from the liability issue, as a home buyer (or seller), an answer from an appropriate qualified professional is better than taking the word of a real estate agent whether they have been in the business ten days or ten years!

Ready to buy or sell a home in Viera or Suntree, Florida?   Call me at 321-693-3850 or email me if I can help.


agent@moving2brevard.com

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