Real Estate Brokerage

Why Required Real Estate Agent Disclosures About Representation Fail and How They Can Be Improved

CFA released this report which analyzes diverse real estate disclosures about agent representation required by 50 states and DC.  The report concludes that these disclosures are often complex and legalistic, lack important information, are not timely, and are not understood by many home sellers and buyers.  The fact that different state disclosure laws use more than 50 different terms to identify seven possible agent roles provides an additional barrier to consumer understanding.