To Disclose or Not-Disclose???
Montana has always been proud of its non-disclosure status…there are only ten other states out there that are non-disclosure! The right to not disclose a property's sale price is a right that has been called out specifically in privacy language of the Montana Constitution. With the upcoming legislative session looming on the horizon, there is chatter out there indicating some legislators and citizens would like Montana to become a "Disclosure" state. The emergence of some Internet sites publishing sales data, and our very own agents providing data to those sites, is making inroads into that sacred information pool. Is this the "ultimate" property right - that no-one has any business knowing how much a person's property was sold for? Or would it make life easier for those that wanted to use the data to petition the State for a reduction in property taxes? What would your sellers want – a public website with all sales prices list, or to maintain the status quo and not have a state-run website with sold prices? Who's data is it really? MAR's IMF Committee is going to contribute $10,000 to add to a $50,000 grant from NAR to fight against the disclosure issue. NMAR's Government Affairs Committee will be watching for proposed legislation on this issue in its next session