Lawsuit Filed Against Realtors Who Don't Disclose Client

According to a recent study, realtors only tell 30% of homebuyers information about their clients, meaning that confidential information could be lost and unfair advantages given to sellers.

1 minute read

March 24, 2006, 5:00 AM PST

By David Gest


"A pending lawsuit in the suburbs of the nation's capital is focusing fresh light on a growing problem: Realty agents are failing to disclose whom they represent in transactions, even where state laws require them to do so in writing at their first substantive meeting with a potential client.

According to new research by the National Association of Realtors, just 30 percent of buyers during 2005 received disclosures about representation from their agents at their first meeting. Nearly half of first-time buyers either received no disclosures anytime during the sales transaction or were unaware of whether they did or did not."

"Clarity about representation is crucial because sellers and buyers often divulge confidential information to agents about their finances, personal circumstances or bargaining strategies that can dramatically affect pricing and negotiations."

Sunday, March 19, 2006 in The Washington Post Writers Group

courses user

As someone new to the planning field, Planetizen has been the perfect host guiding me into planning and our complex modern challenges. Corey D, Transportation Planner

As someone new to the planning field, Planetizen has been the perfect host guiding me into planning and our complex modern challenges.

Corey D, Transportation Planner

Ready to give your planning career a boost?

View of dense apartment buildings on Seattle waterfront with high-rise buildings in background.

Seattle Legalizes Co-Living

A new state law requires all Washington cities to allow co-living facilities in areas zoned for multifamily housing.

December 1, 2024 - Smart Cities Dive

Times Square in New York City empty during the Covid-19 pandemic.

NYC Officials Announce Broadway Pedestrianization Project

Two blocks of the marquee street will become mostly car-free public spaces.

December 1, 2024 - StreetsBlog NYC

Broken, uneven sidewalk being damaged by large tree roots in Los Angeles, California.

The City of Broken Sidewalks

Can Los Angeles fix 4,000 miles of broken sidewalks before the city hosts the 2028 Olympic Games?

December 5, 2024 - Donald Shoup

Dense informal settlement on steep hillside in Brazil.

Housing as a Climate Resilience Strategy

Ensuring that housing, including in informal settlements, is safe and healthy for its residents is a key tool in the fight to build more sustainable and equitable communities in the face of climate migration.

December 11 - Time Magazine

Close-up of person on road bike riding on protected bike lane separated by concrete curb from street.

Southeast LA Road Safety Advocates Call for Improved Infrastructure

Streets in southeastern Los Angeles County have a severe lack of protected bike lanes and traffic safety measures, leading to high numbers of fatalities in a community where many residents depend on walking and biking for daily needs.

December 11 - LA Public Press

Close-up of Chevron gas station sign with logo and prices starting at $7.25.

USDOT: Low-Income Households Bear Highest Transportation Cost Burden

Transportation costs are the second-highest household expenditure behind housing for all income levels.

December 11 - Smart Cities Dive

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.

Planning for Universal Design

Learn the tools for implementing Universal Design in planning regulations.