May 26, 2018

Author Bios

Articles by this author:

  • Although we may have long-standing relationships with some customers, they aren’t our clients unless we establish an exclusive relationship with them.

  • When seller clients instruct listing agents to disclose terms of competing offers, the agents should consult with their broker and attorney to ensure the disclosure is legal in their state and for guidance on how to carry out their clients’ instructions.

  • When a salesperson leaves with clients in tow, legal, ethical, and moral issues may arise.

  • What are the listing and buyer’s reps’ responsibilities to ensure that a new disclosure for this property is completed before it’s marketed to a new buyer?

  • The struggle between listing agents and buyer’s agents is one of the most difficult issues we face in today’s cooperative real estate environment.

  • Your protection in any client relationship is a well-crafted listing agreement and a well-reasoned business decision about how to treat the client.

  • We, as real estate professionals, can be torn between business relationships with service providers and our legal responsibilities to clients. Our clients deserve to know all material information about the transaction.

  • Self-dealing creates a negative impression in the minds of real estate consumers. Article 1 requires honesty to all parties in the transaction. Standard of Practice 1-6 requires offers to be presented objectively. Article 2 requires us to avoid exaggeration, misrepresentation, and concealment of pertinent facts about the transaction.

  • There’s no mandatory reporting rule for individual REALTORS® in the Code. NAR has considered a mandatory duty but hasn’t adopted it. But certainly the spirit of the NAR Code of Ethics is that violations of law should be reported.

  • As dual agents, you both represent the buyer and the seller. Unless the state specifies otherwise, a dual agent can legally contact either client, as the buyer and the seller are the clients of either agent.