Quote:
Originally Posted by TCLGirls
Some of those things you mentioned are illegal in different States. For example in Oregon and CA, it is illegal for an agent to hide/withhold an offer to the buyer even if the buyer specifically tells the agent "do not call me if the offer is too low". The seller's agent is required by law to present all offers to the seller.
As for the "as is" w/o guarantees, that is also something that is inconsistent with the vast majority of residential home sales. The standard property deed already includes numerous warranties in it. And most banks will not offer home loans on properties that are sold "as is". So good luck finding an agent who will market your house with an "as is" clause.
|
You are right in both cases
Been a realtor for a year or so (HATED IT), You are in the obligation to present all offers, good or bad. And we have here what we call 'Hidden Vice' law, so even if you sell without 'Owner Legal Warranty' they can still get your ass if something really wrong was there. Even if you didn't knew about it, that why the vice was 'hidden'. Not talking about the one the seller/owner knows about and hides it, this is not a 'hidden vice', this is a Fraud!