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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