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Withholding the information prevents the buyer from making an informed decision.
Real estate licenses, authorizations issued by state governments, give agents and brokers the legal capacity to represent a home seller or buyer in the process of buying or selling real estate. Real estate agents and real estate brokers are required to be licensed when going through with real estate exchanges in the United States and numerous other countries.
Each state requires its own mandatory education to become eligible to receive a real estate license. This involves completing a pre-licensing education from an organization accredited by the state and breezing through an exam. Furthermore, to keep a real estate license, states require a proceeding with education program to be completed every 2-years. [1]
Through a complicated arrangement, the National Association of Realtors (NAR), a trade and campaigning group for agents and brokers, sets policies for a large portion of the multiple posting services. As the Internet gained widespread use in the late 1990s, NAR created regulations permitting Information Data Exchanges (or Internet Data Exchanges) (IDX) whereby brokers would permit a portion of their data, like postings of homes for sale, to be seen online by means of brokers' or agents' websites
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