What does Gag Rules mean?

Gag rules are restrictions that are placed on real estate agents and brokers that prohibit them from discussing certain information with buyers or sellers. These restrictions can include things like the price of a property, the condition of the property, or the terms of a sale. Gag rules are generally used to keep sensitive information confidential, but they can also be used to prevent agents and brokers from providing buyers and sellers with all the information they need to make an informed decision.

Related Terms

Liabilities Accelerated Cost Recovery System Mint Condition Standard Payment Calculation Contract Credit Life Insurance Braced Framing Federal Housing Administration (FHA) Closing Statement Cooperating Broker Mortgage Acceleration Clause Dual agency Fiduciary duty Title Company Manufactured Housing Warranty Step-Rate Mortgage Shared-Equity Transaction