What Your Real Estate Agent Can’t Tell You

Published On: May 18, 2024|Categories: Blog, Buyers, Home Buyers, Real Estate, Schools|Tags: How to find information on these topics, Real estate agents, Real Estate Agents and Legal limitations on school information, Real estate agents and Restrictions on discussing demographics, Role of a REALTOR in providing relevant property information, Why Real Estate Agents can't talk about crime rates|

When working with a real estate agent, it’s important to understand there are certain topics they legally cannot discuss. This guide clarifies these limitations to help set realistic expectations.

What Your Real Estate Agent Can’t Tell You

Real estate agents are bound by law and ethical codes, restricting them from discussing certain topics. This guide explains the following:

Restrictions on discussing demographics
Legal limitations on school information
Why agents can’t talk about crime rates
How to find information on these topics
The role of a REALTOR® in providing relevant property information

Here’s a closer look at each.

Restrictions on Discussing Demographics

Real estate agents are prohibited from discussing demographics of a neighborhood. This is to prevent steering, a practice where agents might guide buyers towards or away from certain areas based on demographic information.

Legal Limitations on School Information

While agents can provide general information about schools in the area, they cannot offer opinions or qualitative statements about the quality of schools. This is to ensure fairness and prevent any form of discrimination.

Why Agents Can’t Talk About Crime Rates

Discussing crime rates is another area where agents must be careful. They cannot provide information or opinions on the crime rate of an area, as this could be construed as steering or redlining.

How to Find Information on These Topics

For information on demographics, school quality, and crime rates, buyers should conduct their own research. This can include online resources, local government offices, or community forums.

The Role of a REALTOR® in Providing Relevant Property Information

A REALTOR® can provide valuable information about the property itself and the buying or selling process. They can offer insights on market trends, property values, and other relevant real estate information.

FAQ About What Real Estate Agents Can’t Discuss

Check out these commonly asked questions about the limitations of what real estate agents can discuss. If you don’t see your question here,

please call our office and we’ll find you the answers you need.

How Can I Find Information About School Quality?

You can research school quality through online educational resources, state education department websites, and by visiting schools directly to get a sense of their programs and facilities.

Where Can I Get Information About Neighborhood Demographics?

For demographic information, consider using government census data, local library resources, or online tools that provide demographic details of specific areas.

If I’m Concerned About Crime, How Can I Get Reliable Information?

To understand crime rates in a particular area, check local police department websites or community crime reporting services. These sources often provide up-to-date crime statistics and maps.

Can My Agent Recommend Other Sources for This Information?

Yes, your agent can guide you to independent resources where you can find information on demographics, schools, and crime rates. They can’t provide the information directly but can help you know where to look.

Is It Legal for an Agent to Discuss Property Values in Relation to Schools or Crime Rates?

No, agents should avoid linking property values to the quality of schools or crime rates as it could be considered steering or redlining. They can provide general market analysis and property value trends without specific references to these factors.

Understanding the limitations of what a real estate agent can legally and ethically discuss is crucial when buying or selling a home. While agents can’t provide information on demographics, schools, or crime rates, they play a vital role in guiding you through the real estate process and can direct you to reliable sources for this information. Remember, conducting your own research on these topics is key to making an informed decision about your potential new home.

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