Question

The property your buyer client is purchasing is the home you grew up in. Your family sold the home 25 years ago. Should you disclose this information?

a) Yes
b) No

Answer 1

In the context of purchasing property, a real estate professional should disclose a personal connection to a home they grew up in for transparency and to inform the client about potential biases.

Step-by-step explanation:

When involved in the process of purchasing a property, transparency is key. In a situation where a real estate professional's buyer client is interested in a home that the professional grew up in, it is best practice to disclose this personal connection to the property. This information is relevant because it could inform the client about potential biases or extra insight the professional may have about the property. While it may not legally be required in every jurisdiction, it's a point in favor of ethical professionalism to share such a connection with the buyer.