Can You Be Held Responsible if Your Seller Withholds Information?

Seller’s can be held legally liable when they willingly withhold property defects and material facts. Real Estate Agents can also be held liable for not disclosing defects discovered in the scope of servicing your client, the seller. Whether you know about the defects or not your reputation as a Real Estate Agent could be tarnished and it is best to advise your seller about disclosing defects for their safety and your own.

Deliberately withholding information from the disclosure form can be used to prosecute your clients and possibly you as their agent for fraud. Encourage your seller to be transparent and encourage the buyers to search for professional guidance on further inspection of the home. If you suspect your seller is hiding something they will not disclose consult your broker for advice immediately. As a Real Estate Agent, it is your duty to protect your clients from making this mistake by providing them with this information and warn them of the implication of withholding information.

 

For more information read “You Could Be the Fall Guy for Your Seller’s Lies” by Danielle Braff.

https://magazine.realtor/law-and-ethics/feature/article/2018/09/you-could-be-the-fall-guy-for-your-seller-s-lies

Tiny Homes Big Obstacles

Ever thought about buying a tiny house? Susan Taylor Martin wrote an article about the not-so-tiny obstacles tiny home owners have to overcome. Financing and zoning laws are not the only burdens tiny home owners are facing. Tiny homes are considered accessory dwellings with each city having different requirements for the homes. In St. Petersburg an accessory home can be built on the same lot as an existing home if the lot is at least 5,800 square feet while in Tampa accessory homes are not allowed on lots zoned for single families. While zoning is difficult, financing is becoming easier to obtain with the gaining popularity of tiny homes. So, what does this mean for the future of tiny homes in our area? Recently in St. Petersburg the city approved the construction of two permanent tiny homes located in the Eco Village on 15th St. N. Want to know more? Read Susan Taylor Martin’s article in the Tampa Bay Times.

How to be Prepared for Your Vacation

Looking for a guide to make it easier to take a vacation and not worry about your business? The article “Out of Office (really)” by Carrie McKeegan in the Tampa Bay Times outlines the steps you should take to ensure your business is prepared for your departure. 1. You should schedule Transition Days to ensure you are prepared for your vacation, 2. Appoint a colleague or employee that is in charge of your business while you are gone, 3. Schedule a message that you are out of the office and refer to the individual assisting your business, 4. Give the person who is assisting you a way to contact you, 5. Send scheduled reminder before you go therefore everyone is informed, and 6. Relax and do not worry about working on your trip. These tips are extremely useful when preparing to take a vacation.