Have you heard this observation before?
If you have to ask, you already know the answer.
Naive sellers may ask their listing brokers whether a certain defect needs to be disclosed. The most sophisticated sellers know better than to ask their agent: They appreciate that the law obligates brokers to disclose defects of which they are aware.
At the same time, New York State is among the most permissive in the nation when it comes to seller disclosures. Continue reading