Question for people who flip and are licensed
Regardless of state law (most of which require lots of disclosure), as a real estate agent or broker, do you disclose what you plan to do with the property after you purchase from a non bank or government owned property. Someone asked me last weekend if I could get sued if a person gets mad if they find out I resold a property for more than I purchased it for. As a realtor, I have to disclose everything. I wonder if I should have the seller sign a statement saying I'm going to resell this property after I rehab and the seller understands that they could do the same but they are agreeing to sell as is.
Maybe I'm over thinking because I'm studying for my broker's license and getting hit over the head with all the things I shouldn't do and the consequences for screwing up.