The inspiration for and creation of this Buyer Advisory* is credited to the industry of the volunteer members of the Commissioner's Disclosure Law Instructor Development Workshop Committee. We count this document as a success in industry efforts to raise the awareness of buyers and to stimulate buyers to be active in checking things out that may be important to them.

The Buyer Advisory is not intended to diminish the responsibility of licensees to deal fairly, competently and honestly (make material disclosures) to all parties to a transaction. Nor should the Buyer Advisory be viewed as a means for agents to shift their responsibilities to their clients. Obviously, agents need to communicate effectively with their clients and continue to be responsible for assisting and advising their clients throughout the real estate transaction.

This Buyer Advisory should be considered as public domain. There is nothing magic or sacrosanct about its content or organization. It is a living document. Real Estate licensees should feel free to customize it to their particular practice. Brokers may wish to do likewise for their practice and location in the state. You may wish to add topics to it.

The Department fervently believes that the combining of skill and integrity in practice with good and useful information will result in better transactions. The Department, the industry and the public equally desire the same thing: satisfied buyers, sellers, lessees and lessors. We believe this Buyer Advisory is a valuable contribution to that end.

Commissioner Jerry A. Holt
March 27, 2002

BUYER ACKNOWLEDGMENT

Buyer acknowledges that there may be other disclosure issues of concern not listed in this Advisory.  Buyer is responsible for making all necessary inquiries and consulting the appropriate persons or entities prior to the purchase of any property.

The information in this Advisory is provided with the understanding that it is not intended as legal or other professional services or advice.  These materials have been prepared for general informational purposes only.  The information and links contained herein may not be updated or revised for accuracy.  If you have any additional questions or need advice, please contact your own lawyer or other professional representative.

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Buyer Advisory

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