May 26, 2018

Author Bios

Articles by this author:

  • Your participation in your planning and zoning process fulfills your patriotic and social responsibility as long as there’s no conflict. A conflict would arise if you had an ownership interest in a project that you’re planning or zoning board was reviewing. An issue could also could arise if you represented a developer or builder who proposed a project to the planning or zoning board on which you sit.

  • If advertising leads a reasonable reader to believe that the property is located in Princeton when it isn’t, that’s not a true picture. But if the ad says something like “near Princeton,” it’s probably fine. Ad copy should honestly describe a property.

  • Often, we believe unethical interference occurred in these types of circumstances. We think we—not the person who was paid—are entitled to the commission. The key is to investigate and decide whether there’s an ethics complaint or arbitration request to pursue.

  • If your offer wasn’t submitted, that’s a violation of Article 1 of the Code, which requires REALTORS® to treat all parties to a transaction honestly. If you believe your offer hasn’t been given a fair shake, you can file an ethics complaint with your local association.

  • Good practice and common courtesy call for listing agents and buyer’s reps to maintain consistent and timely communication about the status of offers and counteroffers during negotiations.

  • The Internet has changed some aspects of the way we do business and encouraged all of us to think up innovative ways to practice real estate. Don’t forget, though, that the Code of Ethics and the law still apply in the online realm.

  • Soliciting others' clients violates the Code.

  • The key concept for listing agents to remember is that their client, the seller, has the right to negotiate the sale of his or her property in any manner that’s legal under state law.

  • The law, RESPA, prohibits kickbacks, commissions, and rebates for referring a buyer or seller to a settlement service provider such as a lender. If the payments are for referring business, there’s a violation of RESPA, regardless of whether the broker or salesperson receives payment.

  • Don’t assume listing brokers will pay cooperative compensation because they allow you to show a property.