What must a buyer's agent do upon receiving the Tax Disclosure report?

A buyer's agent is required to give the Tax Disclosure report to the client immediately to ensure the client is well-informed about any tax implications related to the property. This is a part of the fiduciary duty that an agent owes to their client, which includes providing all relevant information that could impact the client's decision-making. By promptly delivering this report, the buyer's agent allows the client to understand the tax obligations they may face, thereby supporting informed investment decisions.

Timely communication of this information is also crucial in maintaining transparency and trust in the agent-client relationship. In the context of real estate transactions, it ensures that the buyer is not left unaware of possible financial responsibilities tied to the property, which can affect their overall financial planning and investment strategy.