An intermediary must disclose to the client that there is exclusivity for another broker
- Buying an apartment in Israel
- The real estate broker
asset devoted to the exclusiveness
The obligation to inform the client from the outset that this is an asset devoted to the exclusiveness of another broker stems from the fact that this is a substantive matter, as defined in this term in Section 8(a) of the Real EstateBrokers Law, and that the delivery of this information in advance is necessary to protect the legitimate interests of the client.
If you do not say yes, there may be a situation in which the broker will retain this information until after the customer has already seen the property and has signed the order, at which point the customer is no longer able to consider whether or not he wishes to receive the information about this property.