OK 4.0 hours Disclosure Is Not A Secret - Course Syllabus
4.0 Elective Hours
Non-disclosure and misrepresentation cause more liability for a licensee than any other factor. Failure to disclose and misrepresentation claims make up more real estate disputes than all other complaints combined. Many lawsuits are brought by buyers against brokers and sellers alleging that they failed to disclose pertinent facts about the property. Lawsuits, even if unfounded, drain resources from the business of selling real estate and thus can be problematic for a brokerage firm.