Ethics
The Code of Ethics – Breaking it Down #5
Find the answer to #4 here. Our journey with Article 5 is surprisingly short. There are no standards of practice and the article itself is fairly self-explanatory. Article 5 states: REALTORS® shall not undertake to provide professional services concerning a property or its value where they have a present or contemplated interest unless such interest [...]
Read Full Post | Make a Comment ( 2 so far )The Code of Ethics – Breaking It Down #4
Before we begin our discussion on Article 4, find out what happened in Article 3 here. Article 4 deals with disclosure and family ties. Families are like fudge – mostly sweet with a few nuts. ~Author Unknown Article 4 states: REALTORS® shall not acauire an interest in or buy or present offers from themselves, any [...]
Read Full Post | Make a Comment ( 2 so far )The Code of Ethics – Breaking It Down #2
Today, we tackle Article 2. For those of you wondering how the last scenario turned out, you can find the answer in the comments here. Article 2 states: REALTORS® shall avoid exaggeration, misrepresentation, or concealment of pertinent facts relating to the property or the transaction. REALTORS® shall not, however, be obligated to discover latent defects [...]
Read Full Post | Make a Comment ( 2 so far )The Code of Ethics – Breaking It Down
I had the extreme privilege to teach an ethics class last Friday and one of the students had a great suggestion. To help keep the Code of Ethics at the forefront of your mind, we need to keep posting about it. I thought I had been, but the message isn’t making it out there. I’ve [...]
Read Full Post | Make a Comment ( 2 so far )Knowing Your Expertise
Article 11 REALTORS® are knowledgeable and competent in the fields of practice in which they engage or they get assistance from a knowledgeable professional, or disclose any lack of expertise to their client. REALTORS® are expected to be knowledgeable in the area in which they are practicing. Within the Treasure valley market are several specialty [...]
Read Full Post | Make a Comment ( None so far )Hypothetically Speaking…
Short Sale Case Study A new listing is entered into IMLS. The box “Potential Short Sale” is checked. The listing offers 5% to cooperating brokers. The agent remarks include: “Commission to be paid will be half of whatever listing agent receives.” The REALTOR® Code of Ethics Article 3 requires the Listing Agent (LA) to provide [...]
Read Full Post | Make a Comment ( None so far )He Said/Did What?!?
The ways to communicate in this world are ever expanding. From Facebook to blogs to Myspace to Twitter… the possibilities seem endless. With more and more ways to connect, there are also more and more ways to accidentally get yourself in trouble. In the REALTOR® Code of Ethics, there are two articles that seem to [...]
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