| A real estate licensee has State and Federal disclosure LAWS that they must obey.
One of those discloses is to the seller of what values can be on their home. As-is and with some improvements. Also a licensee must disclose they are a real estate licensee and thus have knowledge of the real estate market, and the workings thereof. Also they must disclose when they purchase they are doing so to make a profit.
Not all Licensees? belong to an MLS.
REALTORS have even more stringent rules that they are required to follow.
When ever anyone suspects unfair advantage taken by a REALTOR they are encouraged to let the local board know of it.
In some areas the state wants to know also (if you?re a party in the transaction). |