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What should the brokerage say when the legal duty is unclear?

State the verified statutory requirements, identify what is unknown, and refer the seller to transaction counsel. Do not improvise a legal conclusion from the phrase “buyer beware.”

From the seller playbook: Seller Disclosure Obligations in New York - A Safe Operating Rule

This is general information, not legal, tax or accounting advice. Every situation is different. Talk to a licensed attorney, accountant or tax professional before you act.

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