What can a potential buyer do if they feel misled by an agent's disclosures?

When a potential buyer feels misled by an agent's disclosures, reporting the agent to the commission is an effective course of action. This is because real estate agents are required to adhere to a certain code of ethics and regulations set forth by state licensing authorities. The commission oversees the licensing and practices of real estate agents, and they can investigate claims of misconduct. By reporting the agent, the buyer is not only seeking accountability but also contributing to the oversight of the industry, which helps maintain ethical standards and protect other consumers from potential misleading practices.

Taking action through this route can lead to possible disciplinary measures against the agent if they are found to have violated regulations, thereby fostering a safer environment for real estate transactions. This option emphasizes the importance of having a formal channel through which grievances regarding ethical breaches can be addressed, ensuring accountability within the profession.

Withdrawing an offer, requesting mediation, or immediately filing a lawsuit are also possible actions, but they may not directly address the ethical breach as effectively as filing a report with the commission would. Filing a lawsuit could be a lengthy, costly process with uncertain outcomes, and mediation typically seeks to resolve disputes amicably but may not hold the agent accountable for their actions in the same way a report to the commission would.