Can a real estate agent give out personal information?

Can a realtor share your personal information?

California customers may request, once per year, that we disclose the identity of any third parties with whom we have shared personal information for the third-parties’ direct marketing purposes within the previous calendar year, along with the type of personal information disclosed.

Do Realtors have access to your financial information?

A real estate agent never needs to know your salary or your credit score and never needs to see your pay stubs, your tax returns, or your financial statements. Only your lender will ask you such questions and request financial documents.

What does a real estate agent have to disclose?

Duty to disclose ‘material fact

The duty of disclosure relates to any issue which is false, misleading or deceptive. Real estate agents need to be aware that if they fail to disclose a “material fact” to a prospective purchaser which might mislead them into purchasing a property.

Can a Realtor tell you what someone else offered?

Unless the buyer gives her permission to release their offer to the other buyer, they must keep everything confidential. … A: With your written permission, the Realtor should be able to tell each purchaser about the other offer. Your Realtor is to be obedient as long as it is within the scope of the law.

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Why do realtors ask for bank statements?

This is common for those who want to finance their purchase partly with cash and the other half from a mortgage. A bank statement is usually acceptable as a means to prove this. … The amount of the offer on the home should at least be equal to the sum of the cash and mortgage approval.

What is the most common reason a property fails to sell?

The most common reason a property fails to sell is an unreasonable asking price by the seller. An asking price that’s too high is the surest way to increase your days on market and have a “non-starter” listing that buyers simply ignore.

Can a real estate agent ask for bank statements?

Agents are governed by the Privacy Act 2000, which means they’re only allowed to use your bank statements for this purpose. They will treat all your details as confidential.

Does my Realtor need to know my interest rate?

Your agent doesn’t need to know the particulars of your finances but should know, for example, that you are looking for a $300,000 home and can afford a loan between $240,000 and $260,000 at today’s interest rates. That level of detail lets the agent know that you are looking at homes in that price range.

Can I sue seller for non disclosure?

Yes, you can sue the seller for not disclosing defects if your attorney can prove that the seller knew about the defect and intentionally failed to disclose it. Unfortunately, many sellers know about defects.

Do real estate agents lie about offers?

Although they shouldn’t, estate agents can and do lie about offers to make it look to you as a seller that they’re creating lots of interest in your property. An estate agent may also lie about offers so they can push you in the direction of a specific REAL offer, so they can get their hands on their commission ASAP.

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What happens if a seller lies on a disclosure?

A seller is supposed to be truthful when answering the disclosure statement for the buyer. … And, if a seller lies, the buyer is entitled to go after the seller for damages sustained because of an omission in the disclosure statement given to the buyer.