Does Listing Agent have to disclose why deal fell through?

[Kory Lutes]

Hello, I'm looking into a house in central NJ, it is a foreclosed home that was recently under contract but is now back on the market. The listing agent told my realtor that he does not have to disclose why the previous contract fell through. Is this accurate? Or is the listing agent doing something shady?

[Kizzy Brooks]

I've just learned the hard way how ruthless the REO listing agents can be... The deal that I won (overpaid for) fell through with the people prior and now that I'm stuck with the property, I should have gotten out of it like those before me. Listing Agent was very adamant that she would not disclose anything about why the listing fell through or anything about the property because it's an "as is" sell and they don't have to.

Closer to the end, I contacted an agent that worked under the listing agent and pretended like it was interested in purchasing the property through him. Of course because she wanted to double dip, she disclosed more information to her teammate than she would for my realtor.