{"id":22722,"date":"2023-09-19T14:03:17","date_gmt":"2023-09-19T14:03:17","guid":{"rendered":"https:\/\/www.anthonydidonato.net\/wordpress\/?p=22722"},"modified":"2023-09-19T14:03:17","modified_gmt":"2023-09-19T14:03:17","slug":"law-supersedes-seller-confidentiality-requirement-in-code","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/law-supersedes-seller-confidentiality-requirement-in-code\/","title":{"rendered":"Law Supersedes Seller Confidentiality Requirement in Code"},"content":{"rendered":"\n<p>Latent material defects must be disclosed, despite an owner\u2019s demand.<\/p>\n\n\n\n<p><em><strong>Q: A few months ago, I had a transaction fall through because the home inspection revealed a cracked heat exchanger. The seller not only refused to fix it but also told me to not disclose it to any buyers or cooperating brokers. I told the seller \u201cno way\u201d and canceled the listing. Now, the property is back on the market with a different broker. I\u2019m not an expert on heat exchangers, but I know enough to realize that it could be a serious issue for the safety of a home. I don\u2019t see anything in the listing or seller disclosure about this. It\u2019s possible the owner has replaced the furnace or fixed it. I want to call the new listing broker to find out and, if not, to make the broker aware of this defect. But the seller told me to keep it confidential.<\/strong><\/em><\/p>\n\n\n\n<p>A:That is quite the dilemma! Fortunately, the <a href=\"https:\/\/www.nar.realtor\/about-nar\/governing-documents\/the-code-of-ethics\">Code of Ethics<\/a> provides guidance on this situation. Article 1, Standard of Practice 1-9, obligates REALTORS\u00ae to preserve confidential information gained during or following the termination of that listing. In other words, REALTORS\u00ae cannot use confidential information to the client\u2019s disadvantage, like revealing their motivation or price they would accept. However, this is a latent material defect that left unrevealed could cause serious harm to a homeowner. A 2001 amendment to Standard of Practice 1-9 speaks directly to your situation: \u201cInformation concerning latent material defects is not considered confidential information under the Code of Ethics.\u201d While the Code of Ethics establishes obligations that may be higher than those mandated by law, in any instance where the Code and the law conflict, the obligations of the law must take precedence.<\/p>\n\n\n\n<p>\u00a9National Association of REALTORS\u00ae<br \/>Reprinted with permission<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Latent material defects must be disclosed, despite an owner\u2019s demand. Q: A few months ago, I had a transaction fall through because the home inspection revealed a cracked heat exchanger. The seller not only refused to fix it but also told me to not disclose it to any buyers or cooperating brokers. I told the &hellip; <\/p>\n<p><a class=\"more-link btn\" href=\"http:\/\/www.anthonydidonato.net\/wordpress\/law-supersedes-seller-confidentiality-requirement-in-code\/\">Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-22722","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Law Supersedes Seller Confidentiality Requirement in Code - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/www.anthonydidonato.net\/wordpress\/law-supersedes-seller-confidentiality-requirement-in-code\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/law-supersedes-seller-confidentiality-requirement-in-code\\\/#article\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/law-supersedes-seller-confidentiality-requirement-in-code\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Law Supersedes Seller Confidentiality Requirement in Code\",\"datePublished\":\"2023-09-19T14:03:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/law-supersedes-seller-confidentiality-requirement-in-code\\\/\"},\"wordCount\":308,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/law-supersedes-seller-confidentiality-requirement-in-code\\\/\",\"url\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/law-supersedes-seller-confidentiality-requirement-in-code\\\/\",\"name\":\"Law Supersedes Seller Confidentiality Requirement in Code - 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Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both. Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary. Anthony DiDonato believes in taking his profession to the highest level of quality service. He is known for finding that \u201cperfect\u201d property in Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania for his buyers and helping his sellers prepare their properties so they sell quickly and efficiently. When it comes time to negotiate the terms of a contract, Anthony DiDonato has the knowledge, experience, and professionalism applied to meeting \u2013 or exceeding \u2013 his clients\u2019 expectations. His service to his clients is second to none. His honesty and integrity have been his claim to fame. 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