Your listing falls apart on inspections (home, septic and well) and the buyer’s agent sends you a list of the issues at your request. It’s a long list worth about $100,000.00 of known issues, not including the unknowns.
Are you as the Listing Agent obligated to disclose those issues to the next buyers?
No, you are not obligated to disclose. In fact, you can’t make that disclosure without permission from your client, the Seller.
If you did so, without permission, this would constitute a breach of your fiduciary duties and release the Seller from any obligation to pay your commission.
Brian Madigan LL.B., Broker