Are Realators that have contracts with sellers of apartment building able to provide potential buyers

Are realtors who are contracted with sellers of apartment buildings able to provide potential buyers with Income/Expense sheets utilities etc.
In Buying Property - Asked by George M. - Oct 9, 2009
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Answer(s)

Randall I.
Broker/Agent
Tierra Verde, FL

George M.,
Realtors are able to provide that information as long as they have access to the actual numbers to accurately report.
Julia Paulsen
Century 21 Coast to Coast
Juliapaulsen@aol.com
727-463-4853

Oct 10, 2009
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Candice A D.
Broker/Agent
Fort Mohave, AZ

If you're asking if there is an ethical restriction from doing so:
A REALTOR / Broker representing a seller would not be prohibited from providing any information or disclosures--with seller's permission--to a prospective buyer.
A good faith demonstration on the part of the prospect--like a letter of intent or offer--may be required before providing that information.
And as mentioned already, provided the information was available and accurate.

Oct 13, 2009
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Paul S.
Broker/Agent
Glendora, CA

As long as the seller allows the Agent to disclose those items it is fine. However, beware. Seller's tend to underestimate the expenses to make the income flow look better. Rarely will a seller give you an accurate vacancy factor. In some states a sale will trigger a tax increase (Calif) which will affect your bottom line. If the building is old and the seller is showing very low maitenance expenses, figure out what you think is a likely expense. Bottom line is question what is provided to you in your own mind and experience to come up with a reasonable figure. The agent is probably only going to pass on to you what is given to him/her. If you buy it you are the one that will have to live with the actual expenses.

Oct 16, 2009
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