susanskids, Home Buyer in New York, NY

sellers disclosure form,do i have to accept this? I am the buyer

Asked by susanskids, New York, NY Mon Jun 24, 2013

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9
Fern Hamberg…, Agent, New York, NY
Mon Jun 24, 2013
This form is required by the department of state in every transaction.

The broker must define his agent's hrepresentation to his client and it is always presented in every transaction. The real estate agent should be able to explain the content and Your lawyer can further explain this document. And it is for your best interest to know who is representing you and in what capacity.

Best and kindest Regards.

Fern Hamberger
Associate Broker
Corcoran
Fhamberger@corcoran.com
1 vote
Anna M Brocco, Agent, Williston Park, NY
Mon Jun 24, 2013
Your attorney can better answer the question, consider a consultation....
1 vote
The lawyer did not explain the answer to my satisfaction.I feel as though i need to educate myself.thanks susan
Flag Mon Jun 24, 2013
The lawyer did not explain the answer to my satisfaction.I feel as though i need to educate myself.thanks susan
Flag Mon Jun 24, 2013
Felix A. Gar…, Agent, staten island, NY
Tue Jun 25, 2013
The disclosure form is required by all realtors to present to all potential seller's and buyers etc. This form is not a contract and by signing it your not bound, it basically discloses who the realtor works for and represents. All realtors must explain it and disclose there representation at first substantial contact before showing you or selling a property but you don't have to sign it.


Thanks Felix
Robert Defalco Realty
(917)692-7702
0 votes
Michele Port…, Agent, New York, NY
Tue Jun 25, 2013
The seller disclosure form is not a contract. It is required by NYS and is really for the protection of the seller or buyer. It states who the broker is representing. It is not a binding contract but is required by each brokerage company as a state requirement.

Michele Portnof
Senior AssociateBroker
Rutenberg Realty
mportnof@crrnyc.com
0 votes
Christopher…, Agent, Tarrytown, NY
Tue Jun 25, 2013
Hi, If you are talking about signing a disclosure form that states your agent is representing the seller then you can either sign it or not. When we make substantive contact with a customer for the first time we have to disclose who and how we represent, by you signing you are only acknowledging you understand who the agent represents. Unless you are talking about another form...

Christopher Pagli
Accredited Buyer Representative
William Raveis Legends Realty Group
914.406.9023
0 votes
Joseph Hasti…, Agent, Bayside, NY
Mon Jun 24, 2013
Hi Susan. You're talking about the "Agency Agreement Form" that is mandated of all licensees by the NYS Dept of State. It's not a contract and that is so stated on the form. Simply stated, it informs you as to who the sellers broker represents (in this case) and it's not you.

You were given this form because you are not working with a broker. If you were, you would have already signed off on the form at first substantial contact with that broker. While it would be a good thing for you to acknowledge the brokers relationship in the transaction, you cannot be compelled to sign it. In my experience, the only people who balk at signing off on the form are those that not only are not working with a buyers broker, they invariably are just lookers, not buyers. and so it goes.
0 votes
Janet Nation,…, Agent, Baldwin, NY
Mon Jun 24, 2013
I'm not clear what form you are asking about. Are you referring to the Agency Disclosure Form that you received from the agent which talks about how the agent is representing you or the Property Condition Disclosure form completed by the seller that answers questions about the condition of the house? Either one you don't have to accept but understand it was disclosed to you.
0 votes
Gail Gladsto…, Agent, 11743, NY
Mon Jun 24, 2013
Susan,

The Seller's Disclosure is federally mandated and is to protect both you and the seller. It helps everyone understand who is representing whom.

Please read it carefully and sign that you have read it.
0 votes
Since when is the seller's disclosure "federally" mandated? Our basic real estate laws are dictated by the NY DOS with the exception of the lead paint disclosure, civil rights act of 1968 etc.
Flag Tue Jun 25, 2013
Catherine An…, Agent, New York, NY
Mon Jun 24, 2013
Susan,

Seller's disclosure is a statement of certain conditions and information concerning the property known to the seller and is accepted to protect your interests in the future, when moving forward with the particular property purchase.

In the event a seller fails to deliver a Disclosure Statement prior to the signing by the buyer of a binding contract of sale, the buyer shall receive upon the transfer of title a credit of $500 against the agreed upon purchase price of the residential real property.

Hope this helps!
0 votes
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