Industry News

Disclosure laws irk Rookie Realtor

Lawsuits lurk around little-known requirements
Published on Aug 11, 2004

Are real estate disclosures finally getting out of hand? I've been thinking about that question a lot lately, after I heard about a Realtor who was threatened with a lawsuit for failing to tell his buyers that an Islamic mosque was located around the corner from the home that the buyers already had agreed to purchase. I'm just a rookie real estate agent. The National Association of Realtors recently announced they signed up their one-millionth member, which means that there are probably at least 999,999 people out there who are a lot smarter than me when it comes to disclosure requirements. Order "The Rookie's Toolkit" I also realize that Muslims aren't exactly the most popular people in the U.S. right now, in the wake of Sept. 11 and our own nation's subsequent invasion of Iraq. Join RookieTalk! But really, should sellers and Realtors be sued for failing to disclose that a place of worship–whether it's an Islamic mosque, a Catholic church, or a Jewish synagogue–is around...

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