Understatement of Taxes In the Listing

bump

why should square footage be the only lie?

brokers... love them

trust no one sculley

The listing agreements of my company require the seller/owner to tell us the taxes and to sign that the numbers provided are accurate. The listing broker then uses that number in advertising.

Odds are the broker is just reporting what the seller told her or him. Sure, the broker should check everything, but after asking for maintenance statements, utility bills, the latest financial statement, etc., after awhile the seller, who after all is the broker's client, might feel like they are being cross-examined. So I think we all tend to handle these investigations on a case-by-case basis.

But the seller knows everything. Buyers should understand that sellers do not necessarily tell their brokers the truth, the whole truth, and nothing but the truth.

Karla Harby
Rutenberg Realty
kharby@crrnyc.com

Most fair Karla,
And your position after a prospective buyer visits a unit and notifies the agent that a unit has it's taxes incorrect, or square footage not matching the condo declaration's claim, etc.?

And 300Merc, thanks for saving me a trip to 49 Warren :)