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Updated over 5 years ago on . Most recent reply

User Stats

159
Posts
161
Votes
Effram Barrett
  • Real Estate Agent
  • Houston, TX
161
Votes |
159
Posts

Does IABS notice need to be given to seller if I'm buying?

Effram Barrett
  • Real Estate Agent
  • Houston, TX
Posted

Right now I'm in the process of getting my agent license, and I'm currently getting beat to death about disclosure. I can clearly see how it's a slippery slope, and some investors advise against getting your license for that reason alone. However, there are very successful investors who act as agents as well so I know it's possible when done correctly. 

My question is if I approach a potential seller, with my investor cap on, (giving full disclosure of this obviously) would I need to provide the IABS notice to them? To my understanding, the IABS notice gives notice of what the broker is required to do for their client. I'm not approaching them as an agent though but instead an investor/buyer. Is the IABS just to CYA in this instance? If I am off or my logic is flawed, please enlighten me. TIA for insight!

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