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Legal Blog

The Legal Blog, brought to you by NVAR's Professional Standards department, helps you stay on top of the latest rules and regulations in the industry.

What constitutes “substantive discussion about a particular property?

Sep 23, 2016

Agency

Question: An agent is supposed to disclose his or her agency relationship upon having a substantive discussion about a specific property with an actual or prospective buyer. What constitutes “substantive discussion about a particular property?”

Answer: There is a difference between a general conversation about real estate and a discussion about a specific property. If someone talks about general preferences in his or her own taste for homes, then that discussion is not about a particular property.

For example, a statement like “I love (or hate) Tudor-style homes” is about taste; meanwhile, “How does this Tudor home compare to the one down the street,” moves the conversation into a discussion about a specific property.
Group(s):
  • Agency