To say Bethany Babcock was unpleasantly surprised when a listing agent publicly unveiled the sale price of a client’s recent commercial property acquisition might be an understatement. The principal and co-owner of San Antonio-based Foresite Commercial Real Estate was displeased enough to take her complaint to social media, kicking off a lively thread that saw one commenter suggest the offending discloser should be “publicly tar[red] & feather[ed], put in stockade and pelted with rotten tomatoes."
Babcock's property was in Texas, one of 12 nondisclosure states with no law requiring the release of real estate sale prices to the public or assessment officials. To Babcock and others, the move was overly self-promotional at best, and in a worst-case scenario, could be financially disastrous to the property’s owner and tenants. Read the full story here. |