Disclosure on Off Market Property

1 Reply

Hi All, 

This might be a silly question but I'm trying to get a better understanding on whether or not I need to disclose that I'm a Realtor in an off market deal. I'm interested in purchasing an off market property from a wholesaler for my own personally rental portfolio. I just recently got my real estate license and want to make sure I'm taking the proper steps. I'm just not 100% sure how that works regarding commissions and disclosure. 

Any help would be greatly appreciated. Thanks! 

@Greg Routen

Yes.

"Article 4 and Standard of Practice 4-1. In addition, Standard of Practice 12-6 requires REALTORS® to disclose their status as owners or landlords and as REALTORS® or real estate license holders when advertising unlisted real property for sale. Similar rules apply when license holders intend to acquire property on their own behalf."