Does my wife have to disclose?

5 Replies

question for the experts. My wife has finished her realtor course and has applied to take the test... She is inactive status. 

While she has been doing that, I have been trying to buy houses. I have a contract to close next week with an owner.  Do I need to disclose to the sellers that my wife is in inactive status. I don't plan on putting my wife on the deed to keep things simple....But is she required to be on it due to texas law? 

Just trying to do the right thing. I dont want to get her in trouble before she starts.  She has had nothing to do with this house purchase. 

Also in the future If I do direct mail, do I need to disclose she is a realtor? Yes, no, gray area?

Thanks

No, on two counts.  Your wife is not inactive, she hasn't been licensed yet.  If she is not a buyer, she is not a buyer.

No, you don't have to disclose it as long as she's not a party to the agreement. 

You only need to disclose when an agent has a personal interest in the property. So @Wayne Brooks is exactly right. There are multiple reasons why your wife would not need to disclose anything of this sort.

Originally posted by @Mike Landry :

question for the experts. My wife has finished her realtor course and has applied to take the test... She is inactive status. 

While she has been doing that, I have been trying to buy houses. I have a contract to close next week with an owner.  Do I need to disclose to the sellers that my wife is in inactive status. I don't plan on putting my wife on the deed to keep things simple....But is she required to be on it due to texas law? 

Just trying to do the right thing. I dont want to get her in trouble before she starts.  She has had nothing to do with this house purchase. 

Also in the future If I do direct mail, do I need to disclose she is a realtor? Yes, no, gray area?

Thanks

 WI have had my broker license since 1980 and have never heard that so I would not worry about that unless you hear differently.  Good luck!

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