How much access do real estate agents get to financials?
I’m looking to buy a house next year in NYC. The expectation is that I would hire a good friend of mine of 20 years to represent us.
However, the only caveat is that I don’t really want him having access to our financials. He’s part of a group of friends where I don’t really discuss finances. I don’t really want him to know how much money we have. I feel like it could leak to my friend group, who are not doing that well financially. Maybe they’ll see me differently or ask me to invest in their business ideas.
I’ve always downplayed how much money my wife and I have in savings, how much our household income is, my investments, etc. But we are multimillionaires through our income and some good investments. I’ve had friends, including him who’ve asked me in the past to invest in some business ideas. I played off like I don’t have the money for it.
So my question is, would my real estate agent friend get access to our savings information? Or our taxes? How many years back in our taxes will he ask to see?
I would like to hire him so he can get commission, but we’re also looking in a neighborhood he doesn’t have expertise in so that’s our excuse to not hire him.
But anyway, how does it usually work when buying a house?