NONDISCLOSURE

A real estate broker must disclose to his or herclient all information, which is in his or her possession, which is material to the transaction and which may affect the client’s decision-making. The duty of disclosure is the same if the broker represents both sides of a deal. Information which must be disclosed includes, but is not limited to:

- All offers, oral or written;
- Any offers which have been accepted;
- All compensation which the broker is to receive;
- All facts which may affect the value of the property, such as any defects, title issues, possible soil problems and changes in market conditions;
- The full terms and conditions of any deposit;
- All business ties between the broker and any of the parties;
- Any facts indicating that the buyer may or may not be able to pay the purchase price;
- The full amount of all liens against the property;

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