In this DownbeachBUZZ segment, real estate professionals Sherri Lilienfeld of EXP Realty and MaryLou Ferry of Farley Ferry Realty discuss importance of property disclosures and managing disputes.
- Mandatory Disclosure: Issues like mold must always be disclosed; concealing defects inevitably backfires legally and ethically.
- Legal Fallout: MaryLou Ferry warns that failures to disclose issues can spawn lawsuits dragging in sellers, inspectors and realtors.
- Resolving Complaints: Clients should communicate directly with agent first, escalate to broker. Contact real estate commission as a last resort, noting litigation has grown riskier alongside rising property values.
