May 26, 2018

Author Bios

Articles by this author:

  • Under the Model Rules and Regulations of MLS, the listing broker’s offer of compensation could be paraphrased as, “I, listing broker, promise to pay you, cooperating broker, x percent of cooperative compensation if you become the procuring cause of the sale.” The offer isn’t “I promise to pay you if I collect enough from the seller.”

  • The Standard says a REALTOR® should have no dealings with another REALTOR®‘s client--and this applies when the client is a relocation company--unless the other REALTORS® gives permission or the dealings are initiated by the client.

  • Seminar offer must abide by law and be advertised ethically.

  • The Code of Ethics deal with associates who leave a company and assume they can take listings and buyers under exclusive agreements with them. The Code prohibits REALTORS® from inducing clients of their current company to cancel exclusive contractual agreements between clients and the company.

  • When we act in an agency capacity, sellers (and buyers, too) rely on us to protect and promote their interests. That’s the basis of Article 1 of our Code of Ethics. Moreover, Standard of Practice 1-3 of the Code prohibits us from “deliberately misleading the owner as to market value” when trying to secure a listing.

  • Standard of Practice 16-13 prohibits a REALTOR® from “dealing” with the client of another REALTOR® unless the other REALTOR® gives permission or the client initiates the dealings.

  • The other broker may be a bear, but he’s still entitled to his full commission.

  • We've often heard the admonition "Don't talk to someone else's client! It's unethical! It's illegal!" Is it really accurate to say the Code of Ethics prohibits a REALTOR® from uttering even one word to the client of another REALTOR®?

  • Alternative dispute resolution has received a lot of press over the past several years as the “new way” to solve legal disputes. Yet, for decades, REALTORS® have quietly and effectively been using ADR in their daily business relations with one another.

  • Deciding when a duty of confidentiality begins isn't easy. Think about it, REALTORS®, and decide how you should protect the public.