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Updated over 10 years ago on .

User Stats

8
Posts
4
Votes
Andy Madrid
  • New York, NY
4
Votes |
8
Posts

Disclosure of Attorney and Real Estate Broker

Andy Madrid
  • New York, NY
Posted

Does anyone have any insights as to how to handle disclosure of certain facts such as whether one is an attorney or real estate broker? I am still learning real estate investing and I understand that the seller might consider you to be his best friend initially but then later on claim that they didn't know what seller was doing. I think it may be even tougher for a lawyer or real estate broker because the seller might argue that I might have better bargaining position or better knowledge, etc. I understand that the contracts or agreements contain a clause indicating that each party has had a chance to confer with counsel before signing the agreements, but it would seem to me that disclosure of such facts should be done upfront and in the agreements -- can anyone comment? Thanks.

  • Andy Madrid