Another question from my class: Why is it important to inform the parties of an undisclosed principal involved in a transaction?

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Rainmaker
5,113,121

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Because it's the law.

Feb 23, 2017 02:41 AM

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8

John Pusa

Glendale, CA
Kasey & John Boles

Boise, ID
Michael Jacobs

Pasadena, CA
Susan Haughton

Alexandria, VA
Ron and Alexandra Seigel

Carpinteria, CA
Anthony Acosta - ALLAT...

Atlanta, GA
Richard Weeks

Dallas, TX
Tony and Suzanne Marri...

Scottsdale, AZ

Rainmaker
613,494

Eve Alexander

Buyers Broker of Florida - Tampa, FL

Exclusively Representing ONLY Tampa Home Buyers

So that no one can stay hidden that has a vested interest, who might take advantage...

Eve

Feb 23, 2017 05:09 AM

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4

Debe Maxwell, CRS

Charlotte, NC
Michael Jacobs

Pasadena, CA
Susan Haughton

Alexandria, VA

Rainmaker
2,375,711

Lise Howe

Keller Williams Capital Properties - Washington, DC

Assoc. Broker in DC, MD, VA and attorney in DC

Nina Hollander is right - in addition the law in most states favors a level playing field

Feb 23, 2017 05:01 AM

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3

Michael Jacobs

Pasadena, CA
Nina Hollander, Broker

Charlotte, NC

Rainmaker
1,617,916

Harry F. D'Elia III

WEDO Real Estate and Beyond, LLC - Phoenix, AZ

Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

disclose is a must

Feb 23, 2017 04:52 AM

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3

Debe Maxwell, CRS

Charlotte, NC
Michael Jacobs

Pasadena, CA
Nina Hollander, Broker

Charlotte, NC

Rainmaker
282,018

Nancy Robinson Ranked #6 in MI

Century 21 Town and Country - Royal Oak, MI

#11 Century21 Realtor in the US, #16 in the World

The law is such as every one has a right to know who they are doing business with.

Feb 23, 2017 04:39 AM

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3

Michael Jacobs

Pasadena, CA
Nina Hollander, Broker

Charlotte, NC

Rainmaker
5,772,587

Ron and Alexandra Seigel

Napa Consultants - Carpinteria, CA

Luxury Real Estate Branding, Marketing & Strategy

What Nina Hollander said

Feb 23, 2017 06:32 AM

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2

Michael Jacobs

Pasadena, CA
Nina Hollander, Broker

Charlotte, NC

Rainmaker
2,221,377

Anthony Acosta - ALLATLANTAcondos.com

Harry Norman, REALTORS® - Atlanta, GA

Associate Broker

Thank you Nina Hollander

Feb 23, 2017 06:15 AM

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2

Michael Jacobs

Pasadena, CA
Anthony Acosta - ALLAT...

Atlanta, GA

Rainmaker
1,466,257

Michael Setunsky

Woodbridge, VA

Your Commercial Real Estate Link to Northern VA

Christian Coppieters Disclosure is required; however, they do not have to identify the undisclosed principal.

Feb 23, 2017 05:51 AM

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2

Michael Jacobs

Pasadena, CA
Nina Hollander, Broker

Charlotte, NC

Rainmaker
3,071,489

Tony and Suzanne Marriott, Associate Brokers

Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ

Haven Express @ Keller Williams Arizona Realty

Nina Hollander nailed this one!

Feb 23, 2017 04:08 AM

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2

Michael Jacobs

Pasadena, CA
Nina Hollander, Broker

Charlotte, NC

Ambassador
5,254,675

Debe Maxwell, CRS

Savvy + Company (704) 491-3310 - Charlotte, NC

The RIGHT CHARLOTTE REALTOR!

What Nina Hollander said!

Feb 23, 2017 08:46 PM

Upvote

1

Nina Hollander, Broker

Charlotte, NC

Ambassador
2,684,669

Fred Griffin Florida Real Estate

Fred Griffin Real Estate - Tallahassee, FL

Licensed Florida Real Estate Broker

Because you the agent may be obligated to perform the contract, if your undisclosed principal backs out. Be careful before acting as a straw man!

Feb 23, 2017 05:57 PM

Upvote

1

Rainmaker
3,988,013

Debbie Reynolds, C21 Platinum Properties

Platinum Properties- (931)771-9070 - Clarksville, TN

The Dedicated Clarksville TN Realtor-(931)320-6730

Follow your state laws and you will be fine. Violate them and you will likely end up with no license.

Feb 23, 2017 05:13 PM

Upvote

1

Nina Hollander, Broker

Charlotte, NC

Rainmaker
4,272,934

Paul S. Henderson, REALTOR®, CRS

Fathom Realty Washington LLC - Tacoma, WA

South Puget Sound Washington Agent/Broker!

Always follow rules and laws...

Feb 23, 2017 04:12 PM

Upvote

1

Nina Hollander, Broker

Charlotte, NC

Rainmaker
4,177,298

John Pusa

Glendale, CA

Christian Coppieters Well Nina Hollander has the right answer.

Feb 23, 2017 03:19 PM

Upvote

1

Nina Hollander, Broker

Charlotte, NC

Rainmaker
5,027,910

Dorie Dillard Austin TX

Coldwell Banker Realty ~ 512.750.6899 - Austin, TX

NW Austin ~ Canyon Creek and Spicewood/Balcones

Ther is no discussion..it is the law!

Feb 23, 2017 12:02 PM

Upvote

1

Nina Hollander, Broker

Charlotte, NC

Rainmaker
1,506,163

Ryan Huggins - Thousand Oaks, CA

https://HugginsHomes.com - Thousand Oaks, CA

Residential Real Estate and Investment Properties

Because it's the law. If it were me as the seller, I'd want to know who the undisclosed principal is (aka full disclosure) before even looking at the offer.

Feb 23, 2017 09:36 AM

Upvote

1

Rainmaker
809,258

Kasey & John Boles

Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID

Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

You will find disclosure to be essential to the real estate business.

Feb 23, 2017 07:54 AM

Upvote

1

Nina Hollander, Broker

Charlotte, NC

Rainmaker
2,784,726

Richie Alan Naggar

people first...then business Ran Right Realty - Riverside, CA

agent & author

make sure all involved is as represented

Feb 23, 2017 07:04 AM

Upvote

1

Michael Jacobs

Pasadena, CA

Rainmaker
4,800,132

Gabe Sanders

Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL

Stuart Florida Real Estate

It may have an effect on the transaction.

Feb 23, 2017 06:20 AM

Upvote

1

Michael Jacobs

Pasadena, CA

Rainmaker
4,434,177

Gita Bantwal

RE/MAX Centre Realtors - Warwick, PA

REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Others have answered.

Feb 23, 2017 05:48 AM

Upvote

1

Michael Jacobs

Pasadena, CA

Rainmaker
4,901,858

Richard Weeks

Dallas, TX

REALTOR®, Broker

Help you keep your license and out of a court room.

Feb 23, 2017 05:36 AM

Upvote

1

Michael Jacobs

Pasadena, CA

Rainmaker
5,583,328

Barbara Todaro

RE/MAX Executive Realty - Happily Retired - Franklin, MA

Previously Affiliated with The Todaro Team

Ditto to Nina...

Feb 23, 2017 05:04 AM

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1

Michael Jacobs

Pasadena, CA

Ambassador
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Bob Crane

Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI

Forestland Experts! 715-204-9671

Depends on the state you are in.

Apr 16, 2017 08:46 PM

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Rainmaker
7,864,157

Roy Kelley

Retired - Gaithersburg, MD

Follow the laws and regulations in your state.

Feb 24, 2017 05:58 AM

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Rainmaker
4,319,773

Praful Thakkar

LAER Realty Partners - Burlington, MA

Metro Boston Homes For Sale

Christian Coppieters - to be fair to everyone involved in the transaction.

Feb 23, 2017 09:57 PM

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Rainer
1,665

bồn rửa chén

bon rua chen - Hard Rock, AZ

http://bonruachen.com là đơn vị chuyên cung cấp bồn rửa chén với chất lượng tốt và giá cả phù hợp, sản phẩm sẽ đem lại cho gia đình bạn một sự trải nghiệm tuyệt vời bằng sự tiện lợi khi sử dụng cũng như tính thẩm mỹ cho không gian nhà bạn.

Feb 23, 2017 09:04 PM

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Rainmaker
1,553,599

Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets

Big Block Realty 858.232.8722 - La Jolla, CA

CEO of Vision Drive Realty - Coastal San Diego

All parties on title must be on the contract.

Feb 23, 2017 01:24 PM

Upvote

Rainer
259,055

Mick Michaud

Distinctly Texas Lifestyle Properties, LLC Office:682/498-3107 - Granbury, TX

Your Texas Lifestyle is Here!

You don't have to disclose their identity. However their presencecan impact negotiations and acceptance.

Feb 23, 2017 08:26 AM

Upvote

Rainmaker
4,582,434

Michael Jacobs

Pasadena, CA

Pasadena And Southern California 818.516.4393

It's important to study. And to learn the "reasons" of a question. Good luck in your classes. Now...hit the books.

Feb 23, 2017 07:35 AM

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So that no one can stay hidden that has a vested interest, who might take advantage...

Eve
Nina Hollander is right - in addition the law in most states favors a level playing field
The law is such as every one has a right to know who they are doing business with.
Christian Coppieters Disclosure is required; however, they do not have to identify the undisclosed principal.
Because you the agent may be obligated to perform the contract, if your undisclosed principal backs out. Be careful before acting as a straw man!
Follow your state laws and you will be fine. Violate them and you will likely end up with no license.
Christian Coppieters Well Nina Hollander has the right answer.
Because it's the law. If it were me as the seller, I'd want to know who the undisclosed principal is (aka full disclosure) before even looking at the offer.
You will find disclosure to be essential to the real estate business.
Christian Coppieters - to be fair to everyone involved in the transaction.
http://bonruachen.com là đơn vị chuyên cung cấp bồn rửa chén với chất lượng tốt và giá cả phù hợp, sản phẩm sẽ đem lại cho gia đình bạn một sự trải nghiệm tuyệt vời bằng sự tiện lợi khi sử dụng cũng như tính thẩm mỹ cho không gian nhà bạn.
You don't have to disclose their identity. However their presencecan impact negotiations and acceptance.
It's important to study. And to learn the "reasons" of a question. Good luck in your classes. Now...hit the books.