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Agents Must Disclose Private Listing Risks | Real Estate News
Description
Real estate agents are legally bound by fiduciary duty to put sellers’ interests first—yet some brokerages are pushing private listings as a “seller choice,” even though data shows open-market listings sell faster and for more. Agents must disclose the financial and timing risks of private sales, especially when their firm profits more from keeping deals in-house. Sellers aren’t truly choosing this path—they’re being steered by agents who may prioritize their own interests. True choice means full transparency: pros, cons, costs, and conflicts. Only then can sellers make informed decisions that protect their wallets.
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