Disclosure of Buyer’s Inspection Information

Question:

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?

Answer:

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

www.OntarioRealEstateSource.com

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