You are responsible for the same legal disclsoures that any seller would be. The most important thing you should consider is this: If I sell my home without professional representation, who represents MY interests? If it's just you and a buyer, how do you negotiate?
If the buyer's agent approaches you, that would mean that the buyer might have an unfair advantage, they have a sharp negotiator, you have...well, you!
I am curious, when you sell your home, are you buying a new home? Planning to use a Realtor? Sure, why not, we work for "free" right? That's how most buyers think, so the first time a buyer sees the home they buy, they see it with a Realtor. 90% of the time.
So that means that you are excluding 90% of the buyers when you sell on your own. Is that to your advantage? You could also list with an MLS only broker, pay the selling side of the commiission, and save one or two percentage points...but only IF you can find a buyer and close escrow. Limited service listings in OUR mls sell for 2.4% LESS than homes sold by full service agents, and take more time to sell.
Good luck! Let us know how it goes.