New York Real Estate Disclosure Form

Power of Information and Knowledge Series from the Desk of Harvey Brown at Dirt Road Realty,Rhinebeck,NY.

New York state law requires real estate licensees who are acting as agents of buyers or sellers of property to advise the potential buyers or sellers with whom they work of the nature of their agency relationship and rights and obligations it creates.

What does this mean to you if you are the buying real estate in the Rhinebeck, NY vicinity? Why am I bringing this to your attention as an exclusive Buyers Broker? I believe in the Power of Information and Knowledge .

The role of the real estate sales person has different legal and fiduciary ramifications and responsibilities for the buyer and the seller respectively.

National Realtors Association (NAR) did a national survey in 2008 to critique the usage of the real Estate Disclosure Form.

The national survey revealed that that only 29% of Home buyers received a disclosure statement at the first meeting;25% when the contract was written; 10% at some other time and 19% did not receive at all leaving . 17% were uncertain if they received one.

Real Estate Agency Disclosure Statement is governed by the individual states. This disclosure will help you make informed choices about your relationship with real estate and its sales associates. If you are the home or property buyer- know who is truly working for you. Have this discussion with your real estate sales person. You have the choice to work with whom ever you choose; this is not dependent on whose listing the property.