OFFICIAL MAGAZINE OF THE NATIONAL ASSOCIATION OF REALTORS®

Saturday

May 18, 2013

Law & Ethics: Ethics Articles

Negotiating the Split

Publish Date: Thu, 12/01/2005

Standard of Practice 3-2 requires the listing broker to communicate any changes in offers of compensation before an offer to purchase is produced.

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Cooperation is First

Publish Date: Sat, 10/01/2005

The Code of Ethics doesn’t require brokers to compensate one another—but MLS rules may.

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Equal Service for All

Publish Date: Mon, 08/01/2005

A limited-service listing can be an exclusive listing even if it doesn’t provide the range of services you define as full service. Contact the broker first and obtain permission before you call the seller.

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Listings: Fair Play

Publish Date: Fri, 07/01/2005

When is it safe to step in on the sale?

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Who Gets the Sale?

Publish Date: Tue, 02/01/2005

There are no predetermined rules for what constitutes procuring cause and what entitles a salesperson to a commission.

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Keeping it Relevant

Publish Date: Sat, 01/01/2005

Over nine decades, the Code has grown in meaningfulness, sentimentality, and value, becoming a shining symbol of integrity, pride, and professionalism. For the Code to remain vital, it must be polished—reviewed constantly in light of changing practices, business models, consumer expectations, and technologies.

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'Exclusive' Defined

Publish Date: Wed, 12/01/2004

In exclusive buyer agency agreements, the standard is to make sure that prospect is eligible.

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The Right Query

Publish Date: Fri, 10/01/2004

Exclusivity determines who you can work with.

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Advertise Ethically

Publish Date: Sun, 08/01/2004

A cooperating broker isn’t required to obtain the listing broker’s permission to advertise a property as sold unless the property hasn’t closed. After closing, there’s no restriction on posting such a sign, though the co-op broker should do so only with the new owner’s permission.

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When to Sit Out

Publish Date: Tue, 06/01/2004

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.

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