Is That “Minnesota Agent?” Or, “Agent Anywhere in the U.S.?”
[Editor’s Note: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced. If you need legal advice, please consult an attorney.]
You are listing a Twin Cities home being sold by an estate.
The trustee of the estate is a licensed broker in Missouri.
In response to the MLS question, “Is the Owner an Agent?,” do you check “Yes” or “No?”
I’m pretty sure there’s no case-law on this, but I do know the conservative answer: “when in doubt, disclose.”
Which is why I checked “Yes” . . .
P.S.: What’s the logic of requiring Sellers to disclose that they’re agents?
To let the public know that their counter-party is more sophisticated and knowledgeable (presumably).
See also, ““Owner is an Agent” ≠“Agent is the Owner” (Usually).”
