I recently closed a very difficult transaction. There were a number of problems and we had both agents, both clients, and the title company all involved in solving the problems and getting the sale to closing.
After closing I was talking with my sellers while we waited for the sale to fund. They related that they were disappointed that the other agent would not communicate with them. With all the email and phone calls that had taken place, everybody had contact information for everybody else. In an effort to be efficient, the sellers had tried to open a dialog with the other agent. They were kind of upset that she would not communicate directly with them.
I explained the National Association of REALTORS® Code of Ethics to them. Article 16, Standard of Practice 16-13 states:
“All dealings concerning property exclusively listed, or with buyer/tenants who are subject to an exclusive agreement shall be carried on with the client’s representative or broker, and not with the client, except with the consent of the client’s representative or broker or except where such dealings are initiated by the client.”
My clients were surprised to hear we have and operate under a strict Code of Ethics.
REALTORS® Pledge of Performance and Service:
“The National Association of REALTORS® adopted the Code of Ethics in 1913, following the professions of medicine, law, and engineering. REALTORS® are real estate professionals who have chosen to join the National Association and abide by its strict Code of Ethics. What does this mean to you? It means that any REALTOR® with whom you work has voluntarily agreed to abide by a Code of Ethics, based on professionalism and protection of the public. REALTORS® are subject to disciplinary action and sanctions if they violate the duties imposed by the Code of Ethics.”
The Code of Ethics is one of many reasons to choose an agent who is a REALTOR®.
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