Ep. 251 - This Disclosure Mistake Will Get You Sued – Avoid It Now
Description
👉🏼 Want to learn how to become a 7-figure multifamily agent & investor? https://www.skool.com/naraagentacademy
In this podcast, I’m teaching you the critical importance of full disclosure when working with sellers and buyers to avoid potential lawsuits. Here’s what we cover:
Disclosure Basics: Why it’s essential for sellers to disclose everything, starting with contracts they may have with vendors.
Property Defects: The importance of telling buyers about any issues, such as earthquake faults, easements, and anything else that might be wrong with the property.
Honesty is Key: Why lying about permits or property defects can be deceitful and lead to legal trouble.
Over-Disclosure: How over-disclosing—especially about leases, expenses, profit/loss statements, and insurance loss runs—protects you and your clients.
Doing Honest Business: Why practicing full transparency and honesty will lead to long-term success and a thriving real estate career.
Follow along for more tips on becoming a better agent and building a strong, successful business!
If you're new here - I'm Jason Lee, CEO/Founder of Nara Advisors (formerly known as JLM Real Estate) and a multifamily real estate investor/developer in San Diego. I own and operate 150 units in San Diego, and have 5 development projects in process. I've learned the game by working with several millionaire to billionaire real estate investors in California, helping them buy, sell, and 1031 exchange to improve their portfolio. In the last few years, my brokerage and team at Nara Advisors have represented over 150 investors and transacted on over $625,000,000 worth of real estate.
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Email me at jason@naraadvisors.com
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Brokers, please email me if you have a property: jason@naraadvisors.com
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