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Article 16 is intended to recognize as unethical two basic types of solicitations: First, telephone or personal solicitations of property owners who have been identified by a real estate sign, multiple listing compilation, or other information service as having exclusively listed their property with another REALTOR, and, Second, mail or other forms of written solicitations of prospects whose properties are exclusively listed with another REALTOR when such solicitations are not part of a general mailing but are directed specifically to property owners identified through compilations of current listings, for sale or for rent signs, or other sources of information required by Article 3 and Multiple Listing Service rules to be made available to other REALTORS under offers of subagency or cooperation. So they buy from you for $300,000 and sell to somebody else for $350,000.. . Disclaimers for Your Real Estate Business - CRES A Gallagher Affinity Access recent presentations from NAR economists and researchers. Failure to Disclose: Should Buyers Sue Sellers Over False Info? Accordingly, the seller must take their legal obligation to make truthful disclosures serious even in an as is sale. Coldwell Banker Prime Properties - New York Real Estate in Albany and Syracuse, NY. 101 What to Disclose When Selling Your House in California? 739.301. Fulfill your COE training requirement with free courses for new and existing members. They can provide you with advice on disclaimers, so you can sleep soundly knowing you are protected. All dealings concerning property exclusively listed, or with buyer/tenants who are subject to an exclusive agreement shall be carried on with the clients representative or broker, and not with the client, except with the consent of the clients representative or broker or except where such dealings are initiated by the client. If spotted, they can be fixed without impact. REALTORS must carefully avoid taking any action inconsistent with an existing exclusive representationor exclusive brokerage relationship between a REALTOR and a client. Home equity line of credit (HELOC) calculator. Material facts are facts the buyer would find important or determinative to their decision to purchase the home. Instead, you should contact a real estate agent with knowledge of your neighborhood, figure out if the offer makes sense for you, and strategize with them about the best way to proceed if you do want to sell. 19-20 REALTORS, prior to or after their relationship with their current firm is terminated, shall not induce clients of their current firm to cancel exclusive contractual agreements between the client and that firm.