Legal Question in Real Estate Law in California
If a Principal "A", (who is a broker) is selling their property to Principal "B" (who is not a broker), and on the purchase agreement or otherwise there is no agent representation, does the Principal A need to provide any Agency disclosure to Principal B?
Asked on 4/15/17, 8:15 am
1 Answer from Attorneys
Bryan Whipple
Bryan R. R. Whipple, Attorney at Law
Probably not, but in some cases such a duty might arise, as when the seller/broker also wants to collect a fee or commission. Here is a link to a Web site that discusses the subject interestingly and in some detail: http://journal.firsttuesday.us/the-license-disclosure-myth/9130/
Answered on 4/15/17, 5:23 pm