Ned is a listing agent who has learned of a material fact related to the transaction. to whom and when must he disclose this information?

Respuesta :

A listing agent Ned, as soon as he becomes aware of a material fact related to the transaction, must disclose the discovered information to all parties involved as soon as possible.

The parties involved in the business transaction are the seller and the buyer, and information about the transaction is of primary interest to both.

What is the role of a listing agent?

This is the professional whose responsibilities are related to negotiation in a process of buying and selling real estate, renting and leasing land, that is, he assists the buying and selling process through direct contact between the seller and the buyer.

The advantages of hiring a listing agent are due to the professional's market experience, who can help the buyer or seller to discover the best opportunities in the market, as he has negotiation skills and professional contacts.

Therefore, real estate professionals are responsible for the real estate transaction process to occur efficiently for both parties, seller and client, who must be properly informed of all stages of the process, including irregularities.

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EDU ACCESS
Universidad de Mexico