Updated over 6 years ago on . Most recent reply
Important: Ethics and Law
Happy Thanksgiving BP!
This question is specifically towards Realtors but I do welcome all to comment as well.
You and another agent are working with a VA client whom your partner referred the loan to one of your lender partners, wants you to write up an offer for a property that he 100% intends to use as an investment property (he told you this specifically and even has a tenant in place). The issue, he is using a VA loan and asks you to write it up as if it will be owner occupied. VA loans are only intended to be owner occupied and not investment Property.
What would you do? What if you are not the Realtor of Record on the purchase contract but you are intimately involved in handling all the disclosure paperwork / escrow etc..what would be your moral and legal obligation then?